{"id":803795,"date":"2026-04-22T12:32:02","date_gmt":"2026-04-22T12:32:02","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=803795"},"modified":"2026-04-22T12:32:02","modified_gmt":"2026-04-22T12:32:02","slug":"lucescu-realty-announces-sale-of-peccole-plaza-in-las-vegas-nv-for-386-million","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/lucescu-realty-announces-sale-of-peccole-plaza-in-las-vegas-nv-for-386-million_803795.html","title":{"rendered":"Lucescu Realty Announces Sale of Peccole Plaza in Las Vegas, NV for $38.6 Million"},"content":{"rendered":"
\"Lucescu<\/a><\/div>\n

NEWPORT BEACH, CALIF. – April 22, 2026 –<\/strong> Mark Lucescu, President of LUCESCU REALTY, a market leading investment real estate services firm, announced today the sale of Peccole Plaza in Las Vegas, Nevada for a total consideration of $38.6 Million. The seller was Peccole Enterprises, one of the premier Development and Investment Companies in the Las Vegas Valley. Peccole Enterprises, headquartered in Las Vegas, NV, developed the center in 2005 and has leased and managed the property since completion. The Buyer is a privately held Development and Investment Company, also headquartered in Las Vegas, NV, that has developed, owned and operated a significant portfolio of commercial assets throughout the Las Vegas Valley.<\/p>\n

Peccole Plaza is a Premier, Open-Air, Community Shopping Center, anchored by Kohl’s, Guitar Center, Golf Galaxy and Walgreens. The Center, totaling approximately 161,978 square feet of Gross Leasable Area, benefits from an irreplaceable location in one of the most affluent trade areas within Las Vegas. The Property is 100% leased, 97% of which is leased to regional and national tenants with many of the existing tenants still on initial leases. Additional national and regional tenants include Jack in the Box, Dotty’s, Green Valley Grocery and Desert Orthopaedic. Located at the Southwest Corner of Charleston Boulevard and Durango Drive, the Property is ideally positioned in the middle of a retail core that boasts many of the country’s premier national retailers and serves as a primary retail shopping destination for highly affluent and directly adjacent communities such as Summerlin, Peccole Ranch, The Lakes, Canyon Gate, Queensridge and more.<\/p>\n

“It’s an institutional-quality center located in one of the most dominant trade areas within the entire MSA with a blue chip tenant roster, an infill location, and high barriers of entry,” noted Lucescu. “Peccole Enterprises did a great job of developing, managing and leasing the center and the Buyer should continue that success.”<\/p>\n

According to Lucescu in discussing the latest market trends, “We expect anchored Shopping Centers posting strong gross sales to continue to garner very high investor demand due to the dearth of available inventory and the surplus of capital pursuing these types of offerings. We also anticipate properties with similar fundamentals in the higher growth markets throughout the western U.S. to continue to be highly sought after as well.”<\/p>\n

LUCESCU REALTY was the sole broker involved in the sale as they exclusively represented the Seller and directly procured the Buyer. Tanner Engelage, in LUCESCU REALTY’s Newport Beach, CA office, also was part of the transaction.<\/p>\n

LUCESCU REALTY is a market leading investment real estate services firm that uniquely combines a vertically integrated range of services with a complete and thorough understanding of real estate fundamentals to execute a wide range of services on behalf of its clients. Scope of services include Sale transactions, Advisory | Consulting, Debt | Equity Placement, Asset | Property Management, Market Research and Financial Services. LUCESCU REALTY is annually recognized as one of the most active real estate service firms in the United States. Headquartered in Newport Beach, California, LUCESCU REALTY has regional offices in Las Vegas, Nevada and Phoenix, Arizona.<\/p>\n

Media Contact<\/span>
Company Name:<\/strong> Lucescu Realty<\/a>
Contact Person:<\/strong> Mark Lucescu
Email:<\/strong> Send Email<\/a>
Phone:<\/strong> 949.706.7772 x 100
Country:<\/strong> United States
Website:<\/strong> https:\/\/lucescurealty.com\/<\/a><\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

NEWPORT BEACH, CALIF. – April 22, 2026 – Mark Lucescu, President of LUCESCU REALTY, a market leading investment real estate services firm, announced today the sale of Peccole Plaza in Las Vegas, Nevada for a total consideration of $38.6 Million. … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[418,401,417,440,422],"tags":[],"class_list":["post-803795","post","type-post","status-publish","format-standard","hentry","category-Building-Construction","category-Business","category-Marketing-Sales","category-Real-Estate","category-Retail"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/803795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=803795"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/803795\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=803795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=803795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=803795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}