Cushman & Wakefield Represents Buyer of 56,439 Square Foot Property

PHOENIX, June 22, 2017 – On behalf of Dunbar Real Estate Holdings, LLC, Cushman & Wakefield recently negotiated the purchase of The Scottsdale Business Center, located at 13402 North Scottsdale Road in Scottsdale, Ariz., for $7.3 Million.

Michael Kitlica with Cushman & Wakefield consulted for the buyer. Jan Fincham, Pat Dempsey and Mark Linsalata with Lee & Associates represented the seller, Los Angeles-based Dayan Investments.

The Scottsdale Business Center consists of two, single-story brick construction buildings totaling 56,439 square feet in size. Built in 1985, the property is located in the Scottsdale Airpark, one of Arizona’s largest employment centers with over two million square feet of commercial space and home to over 2,500 businesses. The property offers Scottsdale Road frontage as well as access to three different freeway interchanges within two miles of the asset.

“Dunbar Real Estate Investment Management acquired Scottsdale Business Center to add to its already impressive holdings within the Scottsdale Airpark. This asset is currently undergoing a complete and total renovation to attract both retail and office tenants that covet contemporary building finishes along with Scottsdale Road frontage,” said Kitlica.  

About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.