TRANSACTIONS

$47 Million sale of shopping center

$47 Million sale of shopping center

Landmark Title Assurance Agency handled the escrow for the $47 million sale of a north Scottsdale shopping center. The deal set a record for the highest price per square foot for a retail plaza in the Phoenix market.

The seller was RHVT Limited Partnership and the buyer was LaSalle Investment Management in Chicago, Illinois. Transaction reported in Business Real Estate Weekly (BREW).