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LGE Seeking Approval for 50K-SF Scottsdale Retail

Phoenix-based LGE Corp. filed for Development Review Board approval to develop Chauncey Lane Marketplace, approximately 50,000 square feet of retail, restaurant and entertainment space at the corner of Scottsdale Road and Chauncey Lane in Scottsdale. The complex will be situated on 4.5 acres, part of a 12.3-acre site owned by JLB Partners LP of Irving, TX.

JLB acquired the land for $16.6 million, through auction, from the Arizona State Land Department. The developer plans to use the remaining acreage for a 301-unit multifamily community.

The $7 million land deal with LGE is expected to close by Dec. 1.  Bob Kling of Lee & Associates Arizona Inc. in Phoenix is handling the transaction.

For comments, questions or concerns, please contact Amy Sorter


Inside The Story

Read More at Business Real Estate Weekly of ArizonaConnect with LGE Corp.Connect with Lee & Associates' Kling

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

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