Osprey Real Estate and Bruin Capital Announce 13-Acre Retail Acquisition in Rapid Timeframe
In an impressive feat of efficiency and execution, Osprey Real Estate Capital, in collaboration with Bruin Capital Partners, has recently completed the acquisition of a strategically located 13-acre retail site at the intersection of Interstate 11 and Kyle Canyon Road. This endeavor falls within the broader Sunstone Master Plan in northwest Las Vegas, representing a critical step in meeting the growing demand for retail services in the area. The transaction was successfully closed on December 30, 2025, merely 56 days after the initial contract signing, which is particularly noteworthy given the challenges presented by the Thanksgiving and Christmas holidays.
The partnership that purchased the property is organized under the name CD Kyle Canyon, LLC, which is a joint venture between the two investing firms. The previous owner, Northland, LLC, has successfully transitioned the property to its new ownership, paving the way for exciting retail development in a rapidly growing part of the city.
The site is ideally situated to support the burgeoning populations of the nearby Sunstone and Skye Canyon communities, both of which are integral parts of one of the fastest-growing areas in the Las Vegas metropolitan region. Additionally, Kyle Canyon Road is a vital access point for Monument Hills, another master-planned community with plans to add between 4,000 to 6,000 new homes. Despite the population boom and a rise in household incomes, the northwest segment of Las Vegas remains underserved when it comes to daily retail and essential services. Recent reports from CoStar indicate that the retail vacancy rate in this area is at a mere 1.7%, underscoring the sound fundamentals for introducing new, premium commercial developments.
In light of these market conditions, the partnership has already received multiple letters of intent from interested parties and is currently in discussions with several potential anchor tenants and prominent national retailers. Osprey’s CEO, Sean Dalesandro, remarked, "Northwest Las Vegas is one of the most supply-constrained retail markets in the region. This site presents us with a unique opportunity to create a world-class shopping center tailored for a rapidly expanding community." He highlighted the challenging nature of completing such intricate land transactions in under 60 days during holiday periods, emphasizing the proficiency and determination of their dedicated team.
Jeffrey Canarelli, President of Bruin Capital Partners, praised the partnership, asserting, "We seek partners who blend vision with decisive action, and Osprey embodies both traits. The exceptional demand triggers in the northwest region, including the Monument Hills community, further validate this location’s potential. We are thrilled to collaborate with Osprey on another premier retail project that will serve the surrounding communities and attract top-tier national tenants."
Pre-development activities are already in progress, encompassing architectural designs, civil engineering plans, and traffic management strategies. With a limited number of pad sites earmarked for the project, there is an open invitation for Quick Service Restaurants (QSR), full-service dining establishments, and other pad users to connect early in the process.
For leasing inquiries, interested parties can reach out to Chris Waldburger at ROI Commercial Real Estate. The dynamic collaboration between Osprey Real Estate Capital and Bruin Capital Partners marks a significant advancement in real estate development for the fast-growing Las Vegas region, promising to provide essential retail services to its residents while supporting local economic growth.
The partnership that purchased the property is organized under the name CD Kyle Canyon, LLC, which is a joint venture between the two investing firms. The previous owner, Northland, LLC, has successfully transitioned the property to its new ownership, paving the way for exciting retail development in a rapidly growing part of the city.
The site is ideally situated to support the burgeoning populations of the nearby Sunstone and Skye Canyon communities, both of which are integral parts of one of the fastest-growing areas in the Las Vegas metropolitan region. Additionally, Kyle Canyon Road is a vital access point for Monument Hills, another master-planned community with plans to add between 4,000 to 6,000 new homes. Despite the population boom and a rise in household incomes, the northwest segment of Las Vegas remains underserved when it comes to daily retail and essential services. Recent reports from CoStar indicate that the retail vacancy rate in this area is at a mere 1.7%, underscoring the sound fundamentals for introducing new, premium commercial developments.
In light of these market conditions, the partnership has already received multiple letters of intent from interested parties and is currently in discussions with several potential anchor tenants and prominent national retailers. Osprey’s CEO, Sean Dalesandro, remarked, "Northwest Las Vegas is one of the most supply-constrained retail markets in the region. This site presents us with a unique opportunity to create a world-class shopping center tailored for a rapidly expanding community." He highlighted the challenging nature of completing such intricate land transactions in under 60 days during holiday periods, emphasizing the proficiency and determination of their dedicated team.
Jeffrey Canarelli, President of Bruin Capital Partners, praised the partnership, asserting, "We seek partners who blend vision with decisive action, and Osprey embodies both traits. The exceptional demand triggers in the northwest region, including the Monument Hills community, further validate this location’s potential. We are thrilled to collaborate with Osprey on another premier retail project that will serve the surrounding communities and attract top-tier national tenants."
Pre-development activities are already in progress, encompassing architectural designs, civil engineering plans, and traffic management strategies. With a limited number of pad sites earmarked for the project, there is an open invitation for Quick Service Restaurants (QSR), full-service dining establishments, and other pad users to connect early in the process.
For leasing inquiries, interested parties can reach out to Chris Waldburger at ROI Commercial Real Estate. The dynamic collaboration between Osprey Real Estate Capital and Bruin Capital Partners marks a significant advancement in real estate development for the fast-growing Las Vegas region, promising to provide essential retail services to its residents while supporting local economic growth.
Topics Consumer Products & Retail）
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