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10/21/25
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Bell Bank acquired a 37.5k sf office property in Scottsdale, AZ for $10.3 mil, or $275/sf. The building sits on a 112k sf lot at 14631 North Scottsdale Rd, within Scottsdale Airpark.
The building is currently 84.5% leased. Bell Bank intends to occupy the building and expand its footprint over time as space becomes available, aligning with its long-term growth strategy.
The property benefits from excellent access to major transportation arteries and is surrounded by abundant retail, dining and lifestyle amenities. It also benefits from frontage along Scottsdale Rd.
CBRE’s Geoffrey Turbow, who partnered with Shay Bolton and Kirill Azovtsev of Savills, represented a private seller in the transaction. According to Turbow, the property is a generational asset in the Scottsdale Airpark submarket, where buildings of this size and quality rarely trade – on average, just once every 30 years.
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