VENTURE DEVELOPMENT GROUP TO DEVELOP 23,600-SQUARE-FOOT RETAIL CENTER

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LAS VEGAS — Venture Development Group has closed escrow and will develop a 4.25-acre land parcel into 23,600 square feet of retail shops and pads at the Mosaic at West Village in Las Vegas. Located at the intersection of Durango Drive and Post Road within the 700-acre West Village community, the project will feature restaurant and retail space ranging from 1,200 to 17,000 square feet. Dunkin’ Donuts is currently committed to the project, which offers lease rates of $3.50 per square foot or $0.45 NNN. The retail portion of the development is slated to break ground in June, with completion expected in December.

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