Presson Cos Acquires Gainey Center Office Property In Scottsdale For $26.5M

Lincoln Property Co. has sold Gainey Center, a 143,653-square-foot Class A office property in Scottsdale, Arizona, for $26.5 million to Presson Cos., led by President Daryl Burton. The office building is located at 8601 N Scottsdale Rd on a 5-acre land. The property's market is situated in Scottsdale, AZ.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $26,500,000
• Address: 8601 N Scottsdale Rd
• Market: Scottsdale, AZ
• Acres: 5
• Buyer: Presson Cos - Daryl Burton
• Seller: Lincoln Property Co
• Brokers: Barry Gabel & Chris Marchildon - Newmark
• Square Footage: 143,653
• Price per Square Foot: $184

The transaction was facilitated by the brokers Barry Gabel and Chris Marchildon of Newmark. The sale marks a successful deal for Presson Cos as they expand their portfolio with the acquisition of Gainey Center.