NORTH LAS VEGAS, NV—West coast development firm Agora Realty & Management has acquired Fiesta Plaza, a in North Las Vegas. Agora acquired the property from a private seller for $12.95 million. Located on 23 acres, the asset at the time of acquisition was 55% occupied.
Major tenants at Fiesta Plaza include US Bank, El Pollo Loco, and H&R Block. Agora recently signed Conn's Electronics for a ten-year lease for 52,000 square feet. Conn's is a publicly-owned corporation offering appliances, electronics, furniture and mattresses, among other services. The store will open August 2015.
Fiesta Plaza is located at 2201 Civic Center Drive at Civic Center Drive and Lake Mead Boulevard. According to company executives, the property is located in an area that benefits from high daytime employment but needs a better selection of retail options.
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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.
