Shelby American Signs $4.1 Million Lease

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Shelby American Signs $4.1 Million LeaseShelby American signed a 5-year $4,151,481 lease for a 30-year-old, 135,000-square-foot industrial building, on 6.69 acres, at 6405 Ensworth St. in Las Vegas. CB Richard Ellis’ Greg Tassi represented the lessee; Colliers International’s Dan Doherty, Chris Lane and Jerry Doty represented the lessor, GKT II and GKT II Acquisitions.The reported average rent equals 51 cents per square foot. The property has undergone several upgrades, including new exterior paint, landscaping, and completely re-done corporate offices and sales areas.There will be an expanded memorabilia showroom and auto museum, plus a manufacturing, assembly and paint area for all Shelby automotive products.