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Last Updated ( Friday, 01 February 2013 14:15 )
DATE_FORMAT_LC2=Friday,February 01 2013 12:00:00 am EST   
LBG Buys Home Depot Building in Nevada for $13.5 Million

HomeDepotNEWSHenderson, Nev.  — LBG Realty Advisors has purchased a Home Depot building at the Sunset Plaza shopping center in Henderson for $13.5 million. Home Depot anchors the center. The acquisition also includes an undeveloped pad that could house an additional 6,000-square-foot building. LBG purchased the building in partnership with an affiliate of Aviva Investors North America. The seller was SMA Ltd.

"It is a Class A property in a Class A infill location," says Doug Beiswenger, managing partner of LBG. "[It] is the dominant home improvement store in the trade area and is leased at a below-market rent. The property is being purchased near the bottom of the market and has tremendous growth potential."

 

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