Phoenix & Southwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Phoenix & Southwest  + Phoenix  + Retail  | 
Shops at Hilton Village

Federal Realty Trust Sees Appeal of Shops at Hilton Village

The Shops at Hilton Village, a 92,728-square-foot shopping center located on Scottsdale Road in Scottsdale, recently sold to Federal Realty Investment Trust for $37.5 million. The seller was an affiliate of Red Development, which has retained a minority ownership interest in the property and will continue to lease and manage it.

The seller was represented by Michael Hackett and Ryan Schubert with Cushman & Wakefield in Phoenix.

“The Shops at Hilton Village is an irreplaceable retail center located on the border of two of the region’s most prestigious cities, Scottsdale and Paradise Valley,” said Schubert.

The property was 96 percent leased at the time of sale.

Originally developed in the early 1980s, The Shops at Hilton Village is located in the midst of Scottsdale’s Resort Corridor on approximately 10.61 acres at the northeast corner of Scottsdale Road and McDonald Drive. There are 43 hotels with 8,863 rooms within three miles of The Shops at Hilton Village, and most are within a half-mile of Scottsdale Road.


Inside The Story

Ryan Schubert

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

Step 1: Select Education
  • ◦Sale/Acquisition