{"id":1004053097,"date":"2011-12-08T10:43:59","date_gmt":"2011-12-08T18:43:59","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=27325"},"modified":"2022-12-08T01:23:46","modified_gmt":"2022-12-08T09:23:46","slug":"excel-trust-primestor-buys-point-to-retail-recovery","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/excel-trust-primestor-buys-point-to-retail-recovery\/","title":{"rendered":"Excel Trust, Primestor Buys Point to Retail Recovery"},"content":{"rendered":"<p>By Alex Girda, Associate Editor<\/p>\n<p>If December is \u201cthe Black Friday of real estate,\u201d as RealEstate.com\u2019s stated recently, the month has started strong in the Las Vegas market. A pair of retail centers changed hands as their buyers made their debuts in the market.<\/p>\n<p>In the larger deal, San Diego-based Excel Trust Inc. paid Regency Centers Corp. $17.5 million for Anthem Highlands Shopping Center, a 118,763-square-foot property located in Henderson, VegasInc reported.\u00a0 Excel Trust\u2019s investment marks its first venture into the Las Vegas market. A site map on Regency\u2019s Web site indicates that Anthem Highlands is anchored by an Albertsons grocery store and a CVS drugstore. Other national retail brands represented at the center include Bank of America, Wells Fargo and Starbucks. Regency Centers was represented by LUCESCU Realty managing director Frank Maretti, who cited the deal as an example of Las Vegas\u2019 recovering market, VegasInc reported.<\/p>\n<p>Also changing hands\u00a0 in early December was 4G Plaza, a 78,849-square-foot neighborhood center located at 4215-4275 E. Charleston Blvd. in Las Vegas. Acquiring its first retail property in the market, Los Angeles-based Primestor Development Inc.\u00a0bought the asset from 4G Properties L.L.C. in an $8.825 million deal, according to VegasInc. The tenant roster includes El Super, Taco Bell and Big 5 Sporting Goods.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Alex Girda, Associate Editor<br \/>\nIf December is \u201cthe Black Friday of real estate,\u201d as RealEstate.com\u2019s stated recently, the month has started strong in the Las Vegas market. A pair of retail centers changed hands as their buyers made their debuts [&#8230;]<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1593,21742],"tags":[],"class_list":["post-1004053097","post","type-post","status-publish","format-standard","hentry","category-las-vegas","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Excel Trust, Primestor Buys Point to Retail Recovery - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/excel-trust-primestor-buys-point-to-retail-recovery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Excel Trust, Primestor Buys Point to Retail Recovery\" \/>\n<meta property=\"og:description\" content=\"By Alex Girda, Associate Editor If December is \u201cthe Black Friday of real estate,\u201d as RealEstate.com\u2019s stated recently, the month has started strong in the Las Vegas market. 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