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6/12/18
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Quarter Village, a 22.3k sf mixed-use property in Scottsdale, AZ sold in a recent transaction valued at $5.26 mil ($236/sf). The property, located at 15444 North Greenway Hayden Loop, was purchased by Dunbar Real Estate Management, out of El Segundo.
Built in 2006, Quarter Village is a Class A, two-story property situated adjacent to both Kierland Commons and the Scottsdale Quarter, both of which offer high-end retail shopping and dining options. Previously known as Barcelona Center, the project is currently occupied by a variety of tenants, including a boutique jeweler, salon, cosmetic dentist and spa.
Michael Kitlica of Cushman & Wakefield represented the buyer in the deal. Rick Robertson of Lee and Associates repped the seller, Capital Creek Gold LLC.
“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,” commented Kitlica.
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