X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Nevada is rapidly evolving, and early investors in the market are reaping the rewards. American Nevada Co. is among them. The firm has completed the disposition of a 1.2 million-square-foot office and industrial portfolio in the market for approximately $234 million. The final three properties—located at 2475, 2485 and 2495 Village View Dr. in the Green Valley Corporate Center in Henderson—traded hands to San Francisco-based JMA Ventures for $34 million.

“American Nevada Company did a great job in stabilizing the assets and had a desire to capitalize on improving market conditions and the amount of new capital wanting to invest in southern Nevada,” Brad Tecca, executive director at Cushman & Wakefield, tells GlobeSt.com about the sale. “ANC remains active in the search for investment opportunities.” Tecca represented ANC in the disposition of the portfolio.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.