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Las Vegas’ Shadow Mountain Marketplace Snagged for $67M

Connect Retail West is coming up on Jan. 22nd at The Resort at Pelican Hill. Here’s where to get more information and register to join us.

Shadow Mountain Marketplace, a roughly 360,000-square-foot community shopping center in Las Vegas, has traded hands for $67.25 million. Wynmark Company, which developed the property in 2007, divested the asset to an unnamed private investor.

Located at Interstate 215 and Decatur Boulevard, the 98.9% leased center is anchored by Costco, Seafood City Supermarket, Walgreens, Best Buy and Ashley Furniture. Costco, which features a full-size grocery department, and totaled 154,700 square feet, was not a part of the sale.

Lucescu Realty’s Mark Lucescu represented the interests of the seller, and procured the buyer.

“It’s an institutional-quality center; one of the most dominant and successful centers within the entire Las Vegas Valley with a blue chip tenant roster, an infill location, and high barriers of entry,” noted Lucescu.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition