Peccole Plaza, a 17-acre shopping center at the southwest corner of Charleston Boulevard and Durango Drive, has been sold for $38.6 million.

The sale was brokered by Lucescu Realty, with the property totaling approximately 161,978 square feet.

The buyer is a privately held development and investment company based in Las Vegas.

Peccole Plaza is anchored by major retailers such as Kohl's, Guitar Center, Golf Galaxy, and Walgreens.

The center is fully leased, with 97% of tenants being regional and national brands.

The new owners have indicated plans to maintain the current tenant mix and operations.

This transaction reflects the strong demand for retail real estate in the Summerlin area.

The sale of Peccole Plaza underscores the ongoing interest in shopping centers within the Las Vegas market.

The stability of Peccole Plaza's tenant base contributes to its appeal to investors.

The new ownership is expected to continue the center's role as a key retail destination in the community.