Excel REIT Rounds Out $166M Ariz. Property Deal
Newport Beach, Calif.-based Lucescu Realty said Excel had purchased the 256,000-square-foot property from a local private investor. Excel acquired a 1 million-square-foot retail plaza adjacent to the office property, known as The Scottsdale Promenade, in July for $110 million, Lucescu said.
The identity of the seller was not disclosed. An Excel spokesman said the...
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