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“Henderson Office Conversion to Retail Space by JV Converts”

"Henderson Office Conversion to Retail Space by JV Converts"

Partners Capital Inc and CNR Retail, based in Los Angeles and Las Vegas respectively, have acquired two Class A office buildings totaling 91,700 square feet in Henderson, NV for $17.25 million ($188/sf). The joint venture plans to convert the existing single-story office buildings into a lifestyle retail center with an emphasis on crafted dining experiences as well as retail stores focusing on design, entertainment health and wellness.

The Green Valley Corporate Center South is located at 2500 & 2550 Paseo Verde Pkwy within the master-planned Green Valley corridor of Henderson submarket. Built in 2000 & 2002 respectively; these single story offices were 81.6% occupied by GK Properties Real Estate & Management Thrive Aviation Village Capital & Investment LLC at the time of sale..

A CBRE team led by Tyler Ecklund represented JMA Ventures LLC and Blue Vista Capital Management LLC who sold this property while Collier’s team led by Chris Clifford repped buyers Partners Capital Inc and CNR Retail .

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