(For more retail coverage, click GlobeSt.com/RETAIL.)
SCOTTSDALE, AZ-In about a week's time, an investment group hasdeployed 1031 exchange proceeds from retail sales into the$97.5-million acquisition of a mixed-use portfolio. The off-markettransaction included a loan assumption.
SPI AZ LLC combined $16.8 million from the Sept. 12 sale of the82,100-sf Thunderbird Village with additional gains from propertysales in California to acquire the 189,967-sf Scottsdale Seville at7001 N. Scottsdale Rd. and 148,773-sf La Mirada at 8900 E. PinnaclePeak Rd. The investment group has main offices in Burlingame, CAand Phoenix.
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