Bristol 423 LP bought the 4-year-old Portofino Plaza at 2525 W. Horizon Ridge Parkway in Henderson for $2.3 million, or $88 per square foot, from Bank of North Las Vegas. The all-cash deal was a 1031 tax exchange that closed escrow in 17 days. Colliers International’s Ron Berg, Jeff Berg, and Mica Berg represented the buyer. Portofino Plaza was 30 percent occupied at the time of sale. The two-story complex, on 1 acre, consists of ground-level retail space with second-story offices overhead. “The buyers beat out multiple offers to secure the deal. In this market sometimes the best offer is the one with the fastest escrow,” said Ron Berg of Collier’s Berg Investment Group. “Our buyers are thrilled knowing they bought a quality development well below replacement cost in a prestigious location.”Bristol 423 LP bought the 4-year-old Portofino Plaza at 2525 W. Horizon Ridge Parkway in Henderson for $2.3 million, or $88 per square foot, from Bank of North Las Vegas. The all-cash deal was a 1031 tax exchange that closed escrow in 17 days. Colliers International’s Ron Berg, Jeff Berg, and Mica Berg represented the buyer. Portofino Plaza was 30 percent occupied at the time of sale. The two-story complex, on 1 acre, consists of ground-level retail space with second-story offices overhead. “The buyers beat out multiple offers to secure the deal. In this market sometimes the best offer is the one with the fastest escrow,” said Ron Berg of Collier’s Berg Investment Group. “Our buyers are thrilled knowing they bought a quality development well below replacement cost in a prestigious location.”