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06/09/07
Scottsdale’s Promenade center sold for $88 million
Filed under: General, Real Estate
Posted by: Lillian Wong @ 12:54 pm

SCOTTSDALE - Scottsdale’s Promenade Corporate Center has been sold for $88 million, or a near-record $344 per square foot. The twin four-story buildings on 6.77 acres southeast of Frank Lloyd Wright Boulevard and Scottsdale Road include 256,000 square feet of office space and an 800-space parking garage. BEC 650 Promenade LLC bought the center from the Pederson Group, which developed it and the adjacent shopping center starting in 1999.  More…

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