LOS ANGELES—LBG Realty Advisors, LLC, in partnership with an affiliate of
Aviva Investors North America, Inc., has purchased the majority and controlling interest from Santa Monica, CA based SMA Ltd., Managing General Partner, Samuel Rubin, in the Home Depot building which is part of the Sunset Plaza shopping center in Henderson, NV. Home Depot has been the anchor tenant of the 265,000 square foot Sunset Plaza shopping center since the property was developed in 1993.
It is located at the Sunset Road on and off ramps of US 95, between US 95 and Forest City's highly successful Galleria at Sunset super-regional mall. The acquisition also included an undeveloped pad which can accommodate an additional approximately 6,000 square foot building. The property is uniquely situated within this premier core retail submarket in the Las Vegas MSA and at the center of a densely populated and growing neighborhood which boasts a population of nearly 300,000 people within a 5-mile radius of the property.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
