Today, CenterSquare Investment Management announced its acquisition of The Pueblo at Summerlin, a 36,390 square foot Essential Service Retail property with direct access to West Lake Mead Boulevard.
The property is currently 97% occupied and has a diverse mix of tenants including Weight Watchers, Geico Insurance, Nittaya’s Secret Kitchen, Red Rock Pizza, and Nanny’s Café.
CenterSquare is an independent, employee-owned real asset manager headquartered in suburban Philadelphia, with offices in New York, Los Angeles, London and Singapore. Founded in 1987, the firm has $13 billion in assets under management as of August 2023.
CenterSquare’s Essential Service Retail (ESR) team acquires unanchored, Class A properties that have national and regional service brands whose customers must visit the store to consume the service. Health and medical, beauty, food and beverage and professional services comprise the major categories of businesses. The Pueblo at Summerlin is the team’s 4th ESR acquisition in the Las Vegas MSA and 38th nationally.