Dunbar Real Estate Management Acquires Quarter Village for $5.4 Million

Cushman & Wakefield Negotiates $5.24 Million Purchase

 

PHOENIX, ARIZ. – On behalf of Dunbar Real Estate Management of El Segundo, California, Cushman & Wakefield recently negotiated the purchase of Quarter Village located at 15444 North Greenway Hayden Loop in Scottsdale, Ariz. for $5.26 million. Michael Kitlica of Cushman & Wakefield represented the buyer and Rick Robertson of Lee & Associates represented the seller, Capital Creek Gold LLC.

Built in 2006, Quarter Village is a Class A, two-story, mixed-use development consisting of 22,293 square feet. Located in Scottsdale, adjacent to both Kierland Commons and the Scottsdale Quarter, the project is currently occupied by a variety of tenants, including a boutique jeweler, salon, cosmetic dentist and spa.

“Dunbar Real Estate Asset Management purchased Quarter Village, adding to their already extensive portfolio in Scottsdale. Quarter Village was acquired for its irreplaceable location, which also aligns with Dunbar’s long term strategies within the Scottsdale submarket. This asset will undergo an extensive renovation that will make it a best-in-class mixed-use development,” said Michael Kitlica.

The property previously known as Barcelona Center is adjacent to Kierland Commons and the Scottsdale Quarter, both of which offer high-end retail shopping and dining options.

 

For more information about Dunbar Real Estate Investment Management, visit www.dunbarinvestments.com.

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