Federal Realty Investment Trust announced that it has closed the $53.6 million purchase of Scottsdale Forum, a 214,000-square-foot, class A office building in Scottsdale, Ariz. JLL Capital Markets represented the seller, CapRidge Partners, and procured the buyer.
Recently renovated, Scottsdale Forum is a trophy creative office asset that is leased to a variety of tenants. The building features numerous on-site amenities, including an outdoor courtyard and gaming area, deli, collaborate areas and tenant lounges, conference room, and abundant underground parking.
Scottsdale Forum is located on 7.13 acres at 6263 N. Scottsdale Road, near the Shops at Hilton Village. Additionally, the property is positioned between Old Town Scottsdale, the city’s premier entertainment district, the new Palmeraie development, Kierland Commons and Scottsdale Quarter, offering access to dining, shopping and entertainment. The area surrounding Scottsdale Forum has high barriers to entry
