Thursday, June 23, 2016

HFF closes $8.42 million sale of Las Vegas Sprouts Farmers Market store

David Zacharia
 NEWPORT BEACH, CA, June 23, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $8.42 million sale of a single-tenant, 57,794-square-foot building fully leased to Sprouts Farmers Market in Las Vegas, Nevada.

HFF marketed the property on behalf of the seller, Haggen Property Holdings, LLC.  ValueRock Realty Partners out of Irvine, California, purchased the asset.  This is now the second Sprouts location owned by ValueRock.

Situated on 7.14 acres at 7530 West Lake Mead Boulevard, the location provides easy access to Interstate 95 and is set between the affluent Summerlin community and the Las Vegas Strip.

 The property benefits from a dense population of more than 410,000 residents within a five-mile radius and it has frontage along Lake Meade Boulevard, which sees approximately 39,805 vehicles per day.

The HFF investment sales team representing the seller was led by Nick Foster in conjunction with local Nevada broker David Zacharia of DZ Net Lease Realty, LLC.

“This was an exceptional opportunity to own an extremely well-located retail property leased to one of the nation’s top-performing grocery operators on a long-term basis,” Foster said.

  For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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