LAS VEGAS — LBG Realty Advisors, LLC, in partnership with Blue Vista Sponsor Equity Fund II, LLC, an affiliate of Blue Vista Capital Management, LLC, has acquired the Southwest Marketplace in Las Vegas. The Class A, grocery-anchored shopping center contains 118,284square feet of space, including a 65,400-square-foot Smith’s Food and Drug Store and a Smith’s Gas. Smith’s was included in the acquisition. The center was 85 percent leased at the time of closing. The acquisition also includes two completed building pads that can accommodate an additional 68,000 square feet of development. LBG will be leasing the property, and is in negotiations now with prospective anchor tenants for the large development pad. It is also in talks to fill the vacant spaces and small development pad. The development should be completed in 2013.
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