Remington Nevada sells Mountain’s Edge Marketplace in Las Vegas for $50M; Albertsons store shadow-anchors the property

  • 1/16/2025

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Remington Nevada has sold Mountain’s Edge Marketplace, a 115,000-square-foot neighborhood shopping center in metro Las Vegas, for $50.3 million. CBRE arranged the transaction. The buyer, an out-of-state investor, also assumed the existing $33 million CMBS note encumbering the property. The 10-year loan, issued by Morgan Stanley Bank in 2022, features interest-only payments at a rate of 4.51 percent for 60 months, followed by a calculated amortization under a 30-year basis, according to CommercialEdge information.

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