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CBRE, Trammell Crow Partner on North Scottsdale Land Sale
Dallas-based Trammell Crow Company acquired an 8.24-acre site in north Scottsdale from Liberty Property Trust for $11.5 million. The land at Raintree Drive and 87th Street is one of the last remaining vacant parcels near Scottsdale Airpark.
The infill site features a high-profile location within the submarket, with more than 1,000 square feet of frontage on Raintree Drive.
CBRE’s Barry Gabel, Chris Marchildon, Will Mast and Mitchell Stravitz represented the seller. CBRE’s Bryan Taute will be retained by Trammell Crow as the exclusive leasing agent for the future planned development.
CBRE’s Gabel says, “Trammell Crow Company’s acquisition of one of the last remaining fee-simple Scottsdale Airpark land sites presents a rare opportunity for new development and the ability to capture users seeking large blocks of space in north Scottsdale.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development
- ◦Sale/Acquisition