Scottsdale shopping center sells for $66.7M

After going through a massive re-leasing effort during the past few years, the Shops at Gainey Village, a large Scottsdale shopping center, has been sold.

According to documents filed with the Maricopa County, the retail center was sold Dec. 16 for $69.7 million by Principal Real Estate Investors LLC to First Washington Realty Inc. Principal purchased the property in 2005 for $73 million, according to county records.

Read more... https://www.bizjournals.com/phoenix/news/2019/12/18/rebooted-scottsdale-shopping-center-sells-for-70.html