LUCESCU REALTY Asset Services wins contract to Provide Asset and Property Management Services on one of the largest centers in the Las Vegas Valley
LUCESCU REALTY Asset Services, a division of LUCESCU REALTY, announced today that the Company has been selected to provide asset and property management services, as well as leasing, for Shadow Mountain Marketplace, located in Las Vegas, NV.
Shadow Mountain Marketplace is a 350,000 square foot Community Shopping Center, anchored by Costco, Seafood City Grocery, Best Buy, Ashley’s Furniture and Walgreens. The Property is currently 99% leased; more than 84% of which is leased to regional and national tenants that includes McDonald’s, Chili’s, Wells Fargo Bank, Panda Express, Subway, Sport Clips, Massage Envy, Wing Nutz, T-Mobile, Best Mattress, Café Rio, Pacific Dental, Kumon Learning Center, Scottrade, Great Harvest Bread Co., State Farm Insurance and H&R Block.
The Property is located at the NWQ of North Decatur Blvd. & the 215 Beltway and enjoys 1,200 feet of frontage along the 215 Beltway. The 215 Beltway is a major county highway connecting the area to Highway 95, which is approximately 2 miles to the west. The Property is located in one of the more affluent trade areas within the Las Vegas Valley. Within a 1-mile radius, the 2018 Estimated Average Household Income is $87,076 and within a 3-mile radius the 2018 Estimated Population is 126,340.
“We are pleased to assume management responsibilities at Shadow Mountain Marketplace” said Bob Farrell, Managing Director at Lucescu Asset Services. “It’s one of the most dominant centers in the entire Las Vegas Valley, with a blue chip tenant roster”.
The Ownership of Shadow Mountain Marketplace is a Family office based in Los Angeles, CA.