Scottsdale Shopping Center Sold to Private Investment Group for $38.7M

SCOTTSDALE, AZ – November 8, 2012 – (RealEstateRama) — The Lincoln Village Shops retail shopping center has sold to a privately owned real estate investment company for $38,712,500. Bethesda, Maryland-based Global Retail Investors purchased the 71,142 SF specialty retail center located at 6202 N. Scottsdale Road south of Lincoln Drive, from Scottsdale Road Partners, an affi liate of Redwood Real Estate Partners.