Nevada Retail Sales to Increase 5.2% in 2013

The Retail Association of Nevada (RAN) forecasts state retail sales will increase 5.2% in 2013 or 2.2% higher than the national average, reports the Retail Association of Nevada. “We witnessed strong growth in retail sales throughout the state in 2012, with the preliminary growth rate coming in 3.1-% higher than 2011’s 4.2% increase,” said RAN President Mary Lau. “Many economic indicators affecting retail sales have shown significant improvements in the last year, and we expect these trends to continue in 2013.”

Prudential Builds New Henderson Headquarters

Prudential Americana Group is building a three-story, 47,000-square-foot office headquarters inside Seven Hills Plaza at Seven Hills Drive and Horizon Ridge Parkway in Henderson. Stable Development is the developer and general contractor. Roughly 375 Prudential agents will occupy the new building upon completion in November. There will also be 60 support staff and 30 people who work for Equity Title of Nevada, which is half-owned by Prudential Americana.

Henderson Kids Play Café Signs $111,600 Lease

Henderson Kids Play Café signed a 40-month, $111,600 lease for 3,000 square feet of retail space inside the 9-year-old Sunridge Village Plaza, on 0.57 acres, at 10950 S. Eastern Ave. in Henderson. Virtus Commercial’s Jeff Mitchell and Preston Abell represented the lessor, Maisa LLC; Simply Vegas’ Michael "Buzz" Buserini represented the lessee. The reported average rent equals 93 cents per square foot.

Palmeras Retail Center Adds New Tenant

Armstrong McCall LP signed a 5-year, $68,000 lease for 2,361 square feet of retail space inside the 6-year-old Palmeras Retail Center, on 0.81 acres, at 5697 S. Jones Blvd. in Las Vegas. Commercial Executives’ Soozi Jones Walker and Bobbi Miracle represented the lessor, Criterion Group Inc.; Legend Retail Group’s Tami Lord represented the lessee. The reported average rent equals 48 cents per square foot.

Red Feather Plaza Signs 2-Year Lease

Western Autowash Systems signed a 2-year $26,400 lease for 5,065 square feet of industrial space inside the 21-year-old Red Feather Plaza, on 8.43 acres, at 3281 N. Decatur Blvd. in Las Vegas. Albright Callister & Associates’ Paul Callister represented the lessee; Cushman & Wakefield-Commerce’s Peter Janemark represented the lessor, Red Feather Property LLC. The reported average rent equals 22 cents per square foot.

P.R.E. Storage Facility Sold for $525,000

26 Pebble LLC bought the 49-unit P.R.E. self-storage facility, on 1.06 acres, at 2870 West Pebble Road in Las Vegas for $525,000, or $10,714-per-unit, from Fortress Equities LLC. Marcus & Millichap’s Cameron Glinton represented the seller; Marcus & Millichap’s Evan Griffith represented the buyer. The 10-year-old, 19,850-square-foot facility was 71% occupied at the time of sale.

Attorney Trevor Hatfield Signs LV Office Lease

Attorney Trevor Hatfield signed a 6-month $6,000 lease for 284 square feet inside a two-story, 5-year-old, two-story office building, on 0.40 acres, at 703 S. 8th St. in Las Vegas. Cushman & Wakefield-Commerce’s Carolyn Curtis represented the lessor, Patricia Carl. The reported average rent equals $3.52 per square foot.