The acquisition of Mercado at Scottsdale Ranch, a neighborhood retail center located at 10105-10155 East via Linda in Scottsdale, AZ, has been successfully completed. The property spans across 11 acres and boasts a total square footage of 118,751. The transaction involved the purchase of the asset by Christian Chamblee & Kayla Meier of Ziff Real Estate Partners from the seller, Whitestone REIT, for a total sale price of $26,500,000, equating to a price per square foot of $223.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $26,500,000
• Buyer: Christian Chamblee & Kayla Meier - Ziff Real Estate Partners
• Seller: Whitestone REIT
• Brokers: Chase Dorsett, Jesse Goldsmith & Steve Julius - Newmark
• Address: 10105-10155 East via Linda, Scottsdale, AZ
• Market: Scottsdale, AZ
• Area: 11 acres
• Square Footage: 118,751
• Price per Square Foot: $223

Ziff Real Estate Partners (ZRP) marked their inaugural Arizona acquisition with the purchase of Mercado at Scottsdale Ranch from Whitestone REIT. The deal was facilitated by brokers Chase Dorsett, Jesse Goldsmith, and Steve Julius of Newmark. This strategic acquisition strengthens ZRP's portfolio and foothold in the Scottsdale market, showcasing their commitment to expanding their presence in key real estate sectors.