PHOENIX—The Old Town Scottsdale submarket is hot and isn't showing any signs of slowing down, according to Chris Latvaaho of Cushman & Wakefield of Arizona, Inc. The company just negotiated leases totaling 24,486 square feet for a commercial real estate advisory firm and a medical care company at 4141 N. Scottsdale Rd.
Fresenius Medical Care of Waltham, Mass., signed a 12-year lease for 15,317 square feet. Fresenius provides dialysis treatment through a network of more than 1,800 facilities nationwide. Keyser signed a 6-year lease for 9,169 square feet. It is relocating from 1048 N. 48th St. in Phoenix.
The submarket is technically South Scottsdale, but encompasses Old Town Scottsdale.
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