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Phoenix & Southwest  + Southwest  + Office  | 
Henderson offices to be converted to retail

JV Converts Henderson Offices to Retail

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. 


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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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