HD Harmon Square LLC bought the 26-year-old, 36,265 square-foot Shoppes at Harmon Square, on 3.3 acres, at 4501 – 4503 Paradise Road in Las Vegas for $11.5 million, or $317-per-square-foot, from Gaslamp Holdings. Newmark Grubb Knight Frank’s Michael Kammerling represented as the seller; Gatski Commercial represented the buyer. George Smith Partners provided a $9.1 million bridge loan with a 77% loan-to-value ratio. The property, which is anchored by Kiss Monster Mini Golf, was 89% occupied at the time of sale. The L-shaped, single-story retail center is zoned H-1 for high-rise and hotel development.Shoppes at Harmon Square Sell for $11.5 Million
HD Harmon Square LLC bought the 26-year-old, 36,265 square-foot Shoppes at Harmon Square, on 3.3 acres, at 4501 – 4503 Paradise Road in Las Vegas for $11.5 million, or $317-per-square-foot, from Gaslamp Holdings. Newmark Grubb Knight Frank’s Michael Kammerling represented as the seller; Gatski Commercial represented the buyer. George Smith Partners provided a $9.1 million bridge loan with a 77% loan-to-value ratio. The property, which is anchored by Kiss Monster Mini Golf, was 89% occupied at the time of sale. The L-shaped, single-story retail center is zoned H-1 for high-rise and hotel development.
