3.5 Mil SF of Retail Under Construction

LAS VEGAS-National retail tenants including Target, Wal-Mart, Costco and Sears, Roebuck & Co. are staking out space in five centers being developed in the area. The largest is Triple 5's 1.1-million-sf Boca Park.

By John Rebchook | Updated on December 12, 2001

LAS VEGAS-Developers are building five centers in this metro area with a total about 3.5 million sf. All of the developments are anchored by national retail tenants.

A report by Grubb & Ellis lists these developments underway:

* The 1.1-million-sf Boca Park by Triple 5, which is anchored by a Target, Vons and Great Indoors.

* The 900,00-sf ‘super regional’ Centennial Center by Territory Inc, which is anchored by a Wal-Mart and Sam’s Club.

* The 700,000-sf Center Pointe by the Rouse Co. is anchored by a Costco.

* The 500,000-sf SunMark Plaza by Laurich Properties Inc. is anchored by a Costco and Best Buy.

* The 350,000-sf Warm Springs Promenade by Kimco Realty is anchored by a Sears, Roebuck & Co.

Leasing in many of the centers is still quite active, despite the recent downturn in the economy, Grubb & Ellis says.

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
1 free article* every 30 days across the ALM subscription network
Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account? Sign In Now

Dig Deeper

Recommended Stories

Property Owners Try Negotiating with Lenders on Insurance

Courtney Fingar | March 28, 2023

Increased insurance escrow payments have caused some borrowers to breach loan debt-service coverage ratios.

Online Real Estate Auctions Boast 90 Days to Close

Jack Rogers | March 28, 2023

These platforms are attracting institutional players and closing deals twice as fast as offline.

SL Green Signs Full Floor Lease with Palo Alto Networks at One Madison Ave

David Hoffman | March 28, 2023

This brings SL Green’s 2023 office leasing volume to 491,913 square feet.

Resource Center

The travel industry experienced a critical disruption with the pandemic. This white paper explores the lingering effects of the pandemic, takes a closer look at evolving traveler behavior, and analyzes what the resulting impacts are on foot traffic and surrounding businesses.

White Paper

Sponsored by Placer Labs Inc.

Navigating a New Normal in Business Travel

The travel industry experienced a critical disruption with the pandemic. This white paper explores the lingering effects of the pandemic, takes a closer look at evolving traveler behavior, and analyzes what the resulting impacts are on foot traffic and surrounding businesses.

Browse More Resources ›

Retailers faced a wide range of challenges in 2022. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023.

White Paper

Sponsored by Placer Labs Inc.

10 Top Retail Brands to Watch in 2023

Retailers faced a wide range of challenges in 2022. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023.

Browse More Resources ›

The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. What does this mean for CRE professionals? Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data.

eBook

Sponsored by PwC

Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility

The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. What does this mean for CRE professionals? Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data.

Browse More Resources ›

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

Copyright © 2023 ALM Global, LLC. All Rights Reserved.