Cushman & Wakefield sells North Scottsdale retail center
PHOENIX, February 25, 2019 – Cushman & Wakefield sold Scottsdale Ridge, located at 21811 N. Scottsdale Road in Scottsdale, Ariz. Roca Vista, LLC purchased the property from Scottsdale Ridge Property Retail, LLC for $2.487 million.
Chris Hollenbeck of Cushman & Wakefield’s Phoenix office negotiated the transaction on behalf of the seller. Chris Campbell of Cushman & Wakefield has been hired to retain the leasing for Scottsdale Ridge
Scottsdale Ridge is a 15,587-square-foot value-add retail center located at the northeast corner of Scottsdale and Deer Valley Roads. Built in 2007, the property is 70 percent leased to Foothills Sports Medicine, Lavish Nails and Spa and NU Image Salon. The 1.67-acre multi-tenant retail center is situated with frontage along Scottsdale Road and has a drive-thru opportunity available.
“We were happy to help sell Scottsdale Ridge and are excited for the new owners to lease up the rest of the property,” said Chris Hollenbeck.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value 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, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.