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Illinois Investor Pays $2.15 Mil for Office Building On Scottsdale Road

PHOENIX-An office building along Scottsdale's main drag has been purchased for $2.15 million by an Illinois investment group.

By D.J. Burrough | Updated on February 20, 2001

PHOENIX-An Illinois investor has purchased an office building near downtown Scottsdale for $2.15 million.

The 6336 Corporation, headed by Mike Lisle of Lincolnwood, IL purchased the Scottsdale Professional Plaza, a 16,457-sf office building at 4020 N. Scottsdale Rd. The office complex is near Old Town Scottsdale, just blocks from the Scottsdale Civic Center and near some of the best shopping and restaurants the city has to offer.

Since the opening two years ago of the Pima Freeway, or Loop 101, which runs north/south along the eastern edge of Scottsdale, the city has seen a surge of interest in office and industrial space in both north and south Scottsdale. Before the introduction of the freeway, company owners and corporate executives who live in the area’s upscale homes had been reluctant to locate their headquarters here.

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