CBRE Secures $22.65M Loan For Fiesta Plaza In North Las Vegas

Located in North Las Vegas, Fiesta Plaza is a 187,346-square-foot retail property situated at 2017 to 2201 Civic Center Drive and 2100 to 2400 East Lake Mead Blvd. The shopping center features tenants such as La Bonita Grocery, Conn Appliances, Ross Dress for Less, and El Pollo Loco. CBRE recently secured $22.65 million in financing for this property from an undisclosed life insurance company. The loan has a fixed rate and a term of five years, against the ownership of Agora Realty & Management.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $22,650,000
• Address: 2201 Civic Center Drive, 2100 & 2400 East Lake Mead Blvd
• Market: North Las Vegas
• Landlord: Cary J. Lefton - Agora Realty & Management
• Broker: CBRE

CBRE played a crucial role in facilitating the financing deal for Fiesta Plaza. The shopping center's ownership by Agora Realty & Management and the involvement of an undisclosed life insurance company highlight the collaborative effort in securing the $22.65 million loan. This transaction underscores the financial support and strategic planning required for significant real estate ventures in the North Las Vegas market.