Shopping center near Summerlin sells for nearly $40M – Image for illustrative purposes only (Image credits: Pexels)
Families and shoppers in west Las Vegas will continue enjoying reliable access to everyday retail staples at Peccole Plaza following its recent change in ownership. Local investors Hamid “Henry” Moradi and Dariush Imani acquired the fully leased shopping center for $38.6 million, preserving a key commercial hub near the growing Summerlin community.[1][2] The transaction underscores steady demand for stable, income-producing properties in a corridor poised for further residential expansion.
A Strategic Acquisition in a Prime Location
The sale closed last month, with Peccole Enterprises, tied to the family of the late developer Bill Peccole, parting with the 161,978-square-foot retail center.[3] Situated at the southwest corner of Charleston Boulevard and Durango Drive, the plaza sits on a busy thoroughfare serving as an entry point to Summerlin, one of the region’s largest master-planned communities.[1]
Mark Lucescu and Tanner Englelage of Lucescu Realty handled the transaction, representing the seller and securing the buyer.[2] At roughly $238 per square foot, the deal reflects confidence in the asset’s long-term value amid surrounding suburban growth.
Fully Occupied with Anchor Tenants
Peccole Plaza boasts 100 percent occupancy, featuring a diverse mix of national and local retailers under long-term leases.[1] Anchors include Kohl’s department store, Guitar Center for music gear, Golf Galaxy for sporting goods, and Walgreens pharmacy, alongside quick-service spots like Jack in the Box and neighborhood favorites such as Green Valley Grocery and Dotty’s.[3]…