Scottsdale Gainey Center II sells for $35.25M

Scottsdale Gainey Center
Scottsdale Gainey Center
Gainey Center II

By AZRE

In a $35.25 million deal, Lincoln Property Company (LPC) and Goldman Sachs purchased Gainey Center II in Scottsdale. The companies will complete minor renovations at the project, underscoring a continued demand and upside for Class A executive office space.

“There is definitely a need in the Valley for high-tech build outs, but the president of a financial advisory firm does not necessarily want concrete floors and exposed ceilings,” added Lincoln Property Company’s Executive Vice President David Krumwiede. “That individual wants rich accents and a high quality setting to welcome clients.”

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