NORTH LAS VEGAS, NV—DTZ says is has completed the $52 million sale of Crossroads Towne Center in North Las Vegas on behalf of the sellers, a company formed by The Eagle Group, Los Angeles. The buyer was a company formed by Cornerstone Advisers of Santa Monica, CA. Built in 2007, Crossroads Towne Center is located at the intersection of I-215 and Decatur Boulevard, part of the Aliante master planned community in North Las Vegas, Nevada.
DTZ executive managing directors Ryan Schubert and Michael Hackett of Phoenix brokered the investment sale.
“Crossroads is anchored by one of the top performing Walmart Supercenters in the state of Nevada,” said Hackett. “The North Las Vegas retail market is rebounding nicely with Decatur and 215 one of the premier intersections, providing stability and upside for Cornerstone's investment.”
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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.
