CBRE Arranges $31 Million Sale of Scottsdale Towne Square in Arizona

Natural Grocers anchors Scottsdale Towne Square in Arizona. Natural Grocers anchors Scottsdale Towne Square in Arizona.

Scottsdale, Ariz. — CBRE Group Inc. has arranged the $31 million sale of Scottsdale Towne Square, a 162,259-square-foot shopping center located in Arizona.

The property was 95.7 percent occupied at the time of sale by tenants including Natural Grocers, Ra Sushi and First Watch. Bob Young, Glenn Smigiel, Steve Brabant and Rick Abraham of CBRE represented the seller, Holualoa Scottsdale Retail LLC. Woodbury Corp. acquired the property.

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