{"id":1004183787,"date":"2017-07-13T08:15:13","date_gmt":"2017-07-13T16:15:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004183787"},"modified":"2022-12-07T09:23:01","modified_gmt":"2022-12-07T17:23:01","slug":"upcoming-las-vegas-retail-property-snags-38m-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/upcoming-las-vegas-retail-property-snags-38m-financing\/","title":{"rendered":"Upcoming Las Vegas Retail Property Snags $38M Financing"},"content":{"rendered":"

By Evelina Croitoru<\/p>\n

https:\/\/www.youtube.com\/watch?v=yIyj7j0u-t8<\/a><\/p>\n

Calmwater Capital arranged a $36.7 million loan on behalf of Remington Nevada to refinance existing debt and finance remaining construction of the Mountains Edge Marketplace in southwest Las Vegas. The financing encompasses a $16.6 million senior secured term loan and a $20.1 million delayed draw term loan for future construction costs, tenant improvements and leasing costs.<\/p>\n

The upcoming 101,000-square-foot Las Vegas retail property<\/a>\u00a0will be located at the nexus of Blue Diamond Road and South Buffalo Drive, adjacent to the Mountains Edge master-planned community. Remington Nevada purchased the site in 2015 and expects the property to be completed in late 2018.<\/p>\n

Active retail area<\/h2>\n

The 25-acre grocery-anchored shopping center will be located at the entrance of Mountains Edge Master Planned community, one of the top-selling planned communities in the U.S. The property\u2019s anchor tenant, Albertsons, already opened its 55,000-square-foot store in April. Remington Nevada has secured numerous regional and local tenants that plan to open doors upon the property\u2019s completion. The current tenant list includes Chase Bank, Burger King, Del Taco and Orange Theory Fitness.<\/p>\n

\u201cNot only is Mountains Edge Marketplace situated in the growing submarket of southwest Las Vegas, but the property contains the nearest grocery anchored retail centre to a 14,000 home master planned community. These indicators for success, combined with Remington Nevada\u2019s team\u2019s extensive experience in retail property development and significant pre-leasing success, supports the strength of this investment<\/em>,\u201d Larry Grantham, co-founder of Calmwater Capital, said in prepared remarks.<\/p>\n

Video courtesy of\u00a0Mountains Edge Marketplace<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Remington Nevada is developing a 25-acre grocery-anchored shopping center at the entrance of Mountains Edge Master Planned community. The property is scheduled to come online in late 2018.<\/p>\n","protected":false},"author":1055,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21825,1593,21742,21749,21794,15],"tags":[36715,34126,36714],"class_list":["post-1004183787","post","type-post","status-publish","format-standard","hentry","category-development","category-finance","category-las-vegas","category-latest","category-retail","category-videos","category-west","tag-albertsons-companies-inc","tag-calmwater-capital","tag-remington-nevada"],"acf":[],"yoast_head":"\nUpcoming Las Vegas Retail Property Snags $38M Financing - 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\/upcoming-las-vegas-retail-property-snags-38m-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Upcoming Las Vegas Retail Property Snags $38M Financing\" \/>\n<meta property=\"og:description\" content=\"Remington Nevada is developing a 25-acre grocery-anchored shopping center at the entrance of Mountains Edge Master Planned community. The property is scheduled to come online in late 2018.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/upcoming-las-vegas-retail-property-snags-38m-financing\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-13T16:15:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T17:23:01+00:00\" \/>\n<meta name=\"author\" content=\"Evelina Croitoru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/upcoming-las-vegas-retail-property-snags-38m-financing\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/upcoming-las-vegas-retail-property-snags-38m-financing\\\/\"},\"author\":{\"name\":\"Evelina Croitoru\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e9e65abbef696b705a028580e04c8c99\"},\"headline\":\"Upcoming Las Vegas Retail Property Snags $38M Financing\",\"datePublished\":\"2017-07-13T16:15:13+00:00\",\"dateModified\":\"2022-12-07T17:23:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/upcoming-las-vegas-retail-property-snags-38m-financing\\\/\"},\"wordCount\":269,\"keywords\":[\"Albertsons Companies Inc.\",\"Calmwater Capital\",\"Remington Nevada\"],\"articleSection\":[\"Development\",\"Finance\",\"Las Vegas\",\"News\",\"Retail\",\"Videos\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/upcoming-las-vegas-retail-property-snags-38m-financing\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/upcoming-las-vegas-retail-property-snags-38m-financing\\\/\",\"name\":\"Upcoming Las Vegas Retail Property Snags $38M Financing - 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