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Home | Lucescu Realty Announces 2nd Part of Sale of Scottsdale Promenade in Arizona to Excel Trust for a Total Consideration of $166 Million |
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Lucescu Realty Announces 2nd Part of Sale of Scottsdale Promenade in Arizona to Excel Trust for a Total Consideration of $166 Million
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- January 26, 2012
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Lucescu Realty has sold the class A office property, Promenade Corporate Center, for $56 million to Excel Trust. The transaction marks the second half of a larger deal involving the Scottsdale Promenade, for a total consideration of $166 million. The promenade's retail component was acquired by Excel Trust in the third quarter of 2011 for $110 million.
Mark Lucescu, President of Lucescu Realty, a market leading investment real estate services firm, announced today the sale of Promenade Corporate Center for $56 million. The transaction is the second, and final part, of the larger sale of Scottsdale Promenade in Scottsdale, AZ, for a total considera...
- Read more at:http://www.1888pressrelease.com/lucescu-realty-announces-2nd-part-of-sale-of-scottsdale-prom-pr-368529.html
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