Michael Zobrist is a Managing Director for the Retail division of Newmark specializing in providing shopping center sales and leasing, retail development and landlord and tenant representation services throughout the Las Vegas valley. With 20 years of experience and numerous national relationships, he has been involved in more than 850 sale and lease transactions valued in excess of $755 million.
Zobrist joined Newmark in 2007 to provide strategic real estate consulting services to national and local owners and users, including regional family businesses, entrepreneurs and notable national credit tenants. His role includes leading local efforts for retail sales, augmented by his collaboration with Newmark’s West Coast Capital Markets team and growing industry relationships.
A Las Vegas native, Zobrist offers strategic insight into the greater Las Vegas commercial real estate market and provides critical assessments that facilitate his clients’ ability to achieve their asset objectives.
Active Retail Center Leasing
- The Mall at Grand Canyon: 108,251 SF center; completed 13 lease transactions to date totaling 102,500 SF, bringing occupancy from 2% to 98%.
- Sahara Pavilion North: 334,000 SF center; completed 35 transactions to date totaling 200,000 SF. Notable leases signed include Advanced Auto, dd’s DISCOUNT, Five Below, Daiso, Domino’s Pizza, Wells Fargo and Hibbett Sports.
- Stephanie Promenade: 105,500 SF center; completed 15 lease transactions to date totaling 62,400 SF, bringing occupancy from 37% to 98%.
- Silverado Ranch Village: 62,964 SF center; completed 13 lease transactions to date totaling 29,030 SF, bringing occupancy from 46% to 100%.
Select Landlord and Tenant Transactions
- Anytime Fitness
- Chase Bank
- Chipotle
- Chuck E. Cheese
- Domino’s Pizza
- Dairy Queen
- Dollar Tree
- Dotty’s Casino
- Dunn Edwards Paint
- Five Below
- Freddy’s Frozen Custard
- Harbor Freight Tools
- Hibbett Sports
- Little Caesars Pizza
- Mattress Firm
- Metro PCS
- Nevada State Bank
- Peter Piper Pizza
- Raising Cane’s
- Rapid Cash
- Ross Dress For Less
- Salad and Go
- Subway
- Supercuts
- T-Mobile
- United Healthcare
- Vitamin Shoppe
- Wingstop
Select Major Lease Transactions
- Flip N Out Xtreme: 41,500 SF
- Opportunity Village: 28,119 SF
- Ross Dress For Less: 25,042 SF
- dd’s Discounts: 25,000 SF
- XploZone Trampoline Park: 21,050 SF
- Harbor Freight Tools: 19,981 SF
- Five Below: 16,007 SF
- Chuck E. Cheese 15,069 SF
- Island Pacific Grocery: 14,463 SF
- Dollar Tree: 14,180 SF
Select Sale Transactions
- Blue Diamond Marketplace - $27,500,000
- Reddy Ice Facility - $16,650,000
- Stephanie Promenade - $16,575,000
- Daycare Portfolio - $14,710,500
- Warm Springs Plaza - $12,750,000
- Auto Dealership - $11,000,000
- Centennial Pavilion - $8,075,000
- Cornet Plaza - $6,380,000
Select Institutional Landlord Representation
- 3D Investments: 850,000 SF
- Marnell Properties: 685,000 SF
- KIMCO Realty: 500,000 SF
- Aetna Real Estate: 118,000 SF
- Sun Life Assurance Company: 35,000 SF
Professional Achievements
- Multi-year CoStar Power Broker
Professional Affiliations
- Member of the International Council of Shopping Centers (ICSC)
- Member of NAIOP