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LAS VEGAS-Tropicana Centre traded hands this week for $61 million. The 578,000-sf power center here is about 88% leased. The anchor tenants are Wal-Mart and Sam's Club. Tropicana Centre is located immediately southeast of the intersection of East Tropicana Avenue and South Pecos Road, a few miles east of McCarran International Airport and the University of Nevada.Deutsche Bank provided $56 million in fixed-rate acquisition financing. Newmark Realty Capital sourced the loan. Peter Welsh of Newmark tells GlobeSt.com it was an attractive financing opportunity in part because virtually all the stores in the center lease as opposed to own, including Wal-Mart and Sam's. "When you have Wal-Mart-type credit on the rent roll, it's very attractive," he says. The new owner is Tropec LLC, which Welsh would describe only as "a large privately held Los Angeles-based retail investor/developer." The seller is listed as Lake Mead Investments, which he describes as an off-shore Asian investor. The company, which has an office in San Francisco, is related to KSK Properties in Las Vegas and KSK Property Management in San Francisco.Neither Lake Mead Investments nor KSK Properties could not be reached Thursday for comment. As a result, the names of the brokers involved in the transaction were not immediately available.

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