CBRE Brokers Deal for 15 Buildings Covering 8.49 Acres at the Tropicana Executive Center
Las Vegas, NV – Charles Moore and Marlene Fujita Winkel, investment properties executives for CBRE Las Vegas, announce today the sale of the Tropicana Executive Center located near the intersection of Maryland Parkway at 1455 and 1515 E. Tropicana Avenue. The $4.8 million transaction includes 15 buildings situated on 8.49 acres and encompassing 101,311 square feet.
Fujita Winkel represented the buyer, Executive Center LLC, managed by Daniel Negari, Las Vegas resident and entrepreneur. This transaction represents the second acquisition in the area for Negari, who purchased 2121 E. Tropicana in late 2013 to serve as a hub for his Internet businesses, .xyz and .college.
According to Negari, he plans to refurbish and revitalize the Tropicana Executive Center in order to attract new tenants.
Moore and Fujita Winkel also represented the seller in the transaction, Jefferson Pilot Investments, Inc.
About CBRE Group, Inc./Las Vegas
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; ortgage banking; appraisal and valuation; development services; investment management; and research and consulting. In Las Vegas, CBRE is led by managing director Michael Newman, who oversees 90 employees. The office is located at 3993 Howard Hughes Parkway, Suite 700, Las Vegas, NV 89169-6760. For information, call 702-369-4800 or visit http://www.cbre.us/o/lasvegas/Pages/home.aspx. Website: www.cbre.com and search Las Vegas.