Newmark Represents Thrive Aviation in 17,152-Square-Foot Office Relocation in Henderson, Nevada

May 10, 2022 9:00 AM

Newmark[1] announces that Thrive Aviation has signed a 17,152-square-foot lease at Green Valley Corporate Center South, a professional office campus located at 2500 Paseo Verde Parkway in Henderson, Nevada. Thrive Aviation is a private aviation company headquartered in Las Vegas, Nevada that had outgrown its previous location after a record breaking two years of expansion that included building a custom hangar at Harry Reid International Airport and more than doubling its aircraft fleet size. Newmark Senior Managing Directors Larry Singer, Christopher Crooks and Michael Tabeek represented the tenant in the transaction.

"After working with Thrive Aviation over the past year, we were pleased to help the company find a new office location to accommodate its growth," said Singer.

Built in 2002, Green Valley Corporate Center is a two-building office park totaling approximately 82,000 square feet. Thrive Aviation will lease 17,152 square feet at the South building, which totals approximately 36,844 square feet. The building provides excellent highway visibility and signage opportunities.

Thrive Aviation CEO, Curtis Edenfield commented, "Our evolution into this much needed, additional space is a strong representation of our team's recent growth into the preeminent, private jet operator in Las Vegas, as well as our emergence as a leader among private jet operators nationwide. Larry and his team at Newmark have served us well along this journey. We are grateful for their partnership."

Green Valley is an upscale master planned community located in the fast-growing city of Henderson, Nevada. Nearby shopping, dining and entertainment amenities include The District and Galleria at Sunset shopping malls, numerous sit-down dining and fast casual restaurants and coffee shops, Green Valley Ranch Casino and Hotel, Lifetime Fitness, the new Silver Knights professional hockey team and the Las Vegas Raiders Intermountain Healthcare Performance Center.

The Las Vegas office market made steps towards recovery during the fourth quarter of 2021 after being impacted by COVID-19 pandemic, according to Newmark Research. The Metro area office market ended 2021 with positive absorption, lowered vacancy and rising rents compared with year-end 2020. Job recovery is strong, with the unemployment rate down 350 basis points year-over-year. The office sector experienced gains across nearly all industry types.

[1] Dba Newmark Knight Frank in California

About Thrive Aviation
Thrive Aviation is a private aviation company dedicated to providing proactive service and elevated flight experiences for its guests and partners across North America. With corporate headquarters at Henderson Executive Airport, Thrive Aviation's main operational footprint in Las Vegas includes a large-scale expansion of over 30,000 square feet which includes a private hangar along with a separate dedicated maintenance facility; all at Harry Reid International Airport. Thrive Aviation doubled its owned/operated fleet of light, mid, super-mid and large cabin aircraft during 2021 and recently announced additional super-mid acquisitions set to deliver through 2022. Learn more at: www.flythrive.com. Contact: [email protected]

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues of nearly $3.1 billion for the twelve months ending March 31, 2022. Newmark's company-owned offices, together with its business partners, operate from approximately 170 offices with 6,300 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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