A joint venture between Los Angeles-based Partners Capital Inc and Las Vegas-based CNR Retail acquired Green Valley Corporate Center South, two Class A office buildings totaling 91,700 square feet in Henderson, NV, for $17.25 million ($188/sf). The buyers plans to convert the existing single-story office buildings into a lifestyle retail center with a focus on crafted dining, retail, design, entertainment, health and wellness uses. 

Located at 2500 and 2550 Paseo Verde Pkwy, the single-story office buildings were built in 2000 and 2002 and are part of an eight-building office portfolio located in the master-planned Green Valley corridor within the Henderson submarket. At the time of sale, Green Valley Corporate Center South was 81.6% occupied by GK Properties Real Estate & Management, Thrive Aviation and Village Capital & Investment LLC. 

A CBRE tem led by Tyler Ecklund represented the sellers, JMA Ventures LLC and Blue Vista Capital Management LLC, in the transaction. The buyers were repped by a Collier’s team led by Chris Clifford.