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SCOTTSDALE, AZ-Though much of the Phoenix region was hard-hit in the wake of the subprime housing collapse and Great Recession, one especially struggling submarket was the Scottsdale Airpark. Bounded by Loop 101 and Thunderbird Road on the north and south, with 64th Street and 90th Street-96th Street representing the west and east boundaries respectively, the submarket consists of 3,300 acres and contains 33.9 million square feet of commercial real estate space consisting of office, light industrial retail and aviation buildings, as well as hospitality properties.

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