Scottsdale – A company formed by Ryan Denk of RD Advisors LLC and Bob Mariash of Mariash Corp., both Scottsdale companies, paid $25.35 million ($217.02 per foot) to acquire the 116,809-square-foot Kierland Village Center shopping plaza located at 6501 E. Greenway Parkway in Scottsdale. The seller was the developer of the center, Kierland Village Center LLC, a company managed by A&C Properties Inc. in Phoenix (Joseph Cattaneo, principal). The deal was negotiated by Ryan Schubert and Michael Hackett of Cassidy Turley in Phoenix. The center, which is anchored by Safeway and Walgreen Drug Store, is 99 percent occupied. Zach Pace and Teale Bloom of Phoenix Commercial Advisors in Phoenix have the leasing assignment. The grocer and drug store are both on ground leases and the improved space for those stores was not conveyed in the sale. Continue reading:
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