Sale of AJ’s center at Lincoln and Scottsdale Roads may bring new use


Business Real Estate Weekly by Rose Law Group

AJ'sScottsdale – In a deal set to close at press time, a company formed by Jim Shough in Phoenix is expected to pay $25 million ($330 per foot) to buy a retail center located at the southwest corner of Scottsdale Road and Lincoln Drive in Scottsdale. The new owner is considering all possibilities for the 7.25-acre property, including a major renovation with retail and residential uses. The 74,744-square-foot plaza is comprised of five buildings, including 31,000 sq. ft. occupied by AJ’s Fine Foods at 7141 E. Lincoln Drive. Shough’s entity is purchasing the Scottsdale shopping center in a 1031 Exchange after selling the South Mountain Crossing retail plaza in Phoenix. Continued

View Larger Map

As reported in:


Share this!

Additional Articles

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories