AZBigMedia
101 Envy Raintree, LLC has purchased the fully-leased retail building at 8698 E. Raintree Dr. for $8 million to complete its larger assemblage within Northsight. The company recently acquired the adjacent retail center and plans to create a sizable mixed-use, redevelopment project, within this coveted Scottsdale Airpark location.
Northsight, a 300-acre master-planned mixed-use project offers a careful blend of office, retail, hotel and airport uses with direct access to Loop 101 in north Scottsdale. Built in 2004, surrounded by major retailers such as WalMart, Lowe’s and Home Depot, the 29,444-square-foot retail center was originally built on a 2.7-acre site as a single-occupant retail showroom. It was later was converted by the seller to a five-tenant configuration anchored by a Boot Barn western wear store, together with Enterprise Bank, Massage Envy, Brooklyn Bedding and Ski Pro Outlet. Brian and Tommy Woods, of Colliers International, completed the leasing for this center.
