A new retail development at Green Valley Ranch is moving ahead with financing for Henderson’s first Class A shopping project in more than 20 years.
Henderson’s retail landscape is set for a notable addition. JLL Capital Markets said it arranged $48.2 million in financing for The Cliff at Green Valley Ranch, a project by VAC Development and CAST Capital Partners that the firm described as the first Class A retail development in Henderson in more than 20 years.
The project is tied to the Green Valley Ranch area, one of the city’s most established residential and commercial corridors. For longtime residents and newcomers alike, that matters: new retail near an already busy master-planned community can reshape where people shop, eat and spend time without driving across the valley.
JLL said the financing was secured on behalf of the developers, underscoring lender confidence in a market that continues to attract well-located neighborhood projects even as other parts of the region remain cautious.
Details & Information: More on the deal is available from JLL Capital Markets.