PHOENIX, Aug. 6, 2019 – The capital markets team of Michael Hackett and Ryan Schubert of Cushman & Wakefield, supported by the agency leasing team of Dan Hubbard, successfully closed the sale of Eastgate Plaza. Tabani Acquisitions, LLC purchased the Walmart anchored shopping center, located at 510-560 Marks Street in Henderson, NV.
Built in 2002, Eastgate Plaza is a 96,594-square-foot (sf) shopping center located 15 minutes from the Las Vegas Strip and situated along the most desirable retail corridor in Henderson. The Walmart anchored center is 76.7% occupied, featuring Party City and 99 Cents Only Store as co-anchors.
Hackett stated, “Eastgate Plaza is a strong regional shopping center, which should provide solid cash flow and upside through leasing.”
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Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.