Hines sells Kierland retail pad for retail projects

retail projects
retail projects
Rendering courtesy of Hines

By Roland Murphy for Arizona Builder’s Exchange

International real estate investment firm Hines has announced the sale of a 1.45-acre retail pad at the Kierland One office building, 16430 N. Scottsdale Road.

Arizona State Credit Union purchased 26KSF to build a 4,400SF state-of-the-art branch with a drive through and customer lobby. Cole Investment Group purchased 37KSF to develop more than 8KSF of multi-tenant retail and restaurant space. Both are expected to open in mid-summer.

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