Cushman & Wakefield Negotiates $5.24 Million Purchase
PHOENIX, June 11, 2018 – On behalf of Dunbar Real Estate Management of El Segundo, California, Cushman & Wakefield recently negotiated the purchase of Quarter Village located at 15444 North Greenway Hayden Loop in Scottsdale, Ariz. for $5.26 million. Michael Kitlica of Cushman & Wakefield represented the buyer and Rick Robertson of Lee & Associates represented the seller, Capital Creek Gold LLC.
Built in 2006, Quarter Village is a Class A, two-story, mixed-use development consisting of 22,293 square feet. Located in Scottsdale, adjacent to both Kierland Commons and the Scottsdale Quarter, the project is currently occupied by a variety of tenants, including a boutique jeweler, salon, cosmetic dentist and spa.
“Dunbar Real Estate Asset Management purchased Quarter Village, adding to their already extensive portfolio in Scottsdale. Quarter Village was acquired for its irreplaceable location, which also aligns with Dunbar’s long term strategies within the Scottsdale submarket. This asset will undergo an extensive renovation that will make it a best-in-class mixed-use development,” said Michael Kitlica.
The property previously known as Barcelona Center is adjacent to Kierland Commons and the Scottsdale Quarter, both of which offer high-end retail shopping and dining options.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.