AEW Capital Management acquires Albertsons-anchored retail center in Las Vegas

AEW Capital Management has acquired Vista Commons, a 98,716-square-foot grocery-anchored retail center located in the Summerlin area of Las Vegas.

JLL represented the seller, the Vista Commons Shopping Center, managed by MIG Real Estate.

Vista Commons, positioned at 11700–11770 W. Charleston Blvd. on the hard corner of W. Charleston Boulevard and Desert Foothills Drive, offers visibility to more than 40,000 vehicles daily and attracts an impressive 4.5 million visitors annually. Surrounded by residential areas, the center’s prime location provides easy accessibility to the nearby Interstate 225 and downtown Summerlin.

The 10.3-acre retail center of Vista Commons is currently 100 percent leased and anchored by Albertsons grocery store. The property also features tenants such as Bank of America, Wells Fargo and Dunkin' Donuts.