Galleria Pavilion, acquired through an auction platform, is currently 37.4% occupied including, among others, Panera Bread, Buffalo Wild Wings and Sport Clips. “We believe the center’s prime location and demographics provide substantial lease-up and/or value-add opportunities,” said Ian Weiner PEBB President and CEO. Henderson, NV, named one of Money Magazine’s Best Places to Live 2018, boasts a median family income of $80K, median home price of $300K and projected job growth in excess of 9%. These factors directly contribute to our pursuit of additional opportunities in this market.
This most recent purchase represents PEBB’s third purchase in the Las Vegas market in the past six months. PEBB currently owns and manages approximately three million square feet of commercial real estate across the United States.
About PEBB: PEBB Enterprises, based in Boca Raton, Florida, is a full-service, vertically integrated real estate investment company specializing in the acquisition, development, construction, operation and management of commercial property. Since its formation in 1973, PEBB has remained a private, family-owned and operated company that takes great pride in maintaining quality properties and cultivating superior relationships with our tenants and strategic partners.