Search
 

Lincoln Towne Center Trades for $59M

PHOENIX—Equus Capital Partners, Ltd. sold Lincoln Towne Centre, a two building property totaling 226,112 square feet located at 4150-4250 N. Drinkwater Boulevard in downtown Scottsdale, to Transwestern Strategic Partners on behalf of its TSP Value and Income Fund for $58.85 million.

By Kristian Seemeyer | Updated on February 13, 2015

PHOENIX—Equus Capital Partners, Ltd. sold Lincoln Towne Centre, a two building property totaling 226,112 square feet located at 4150-4250 N. Drinkwater Boulevard in downtown Scottsdale, to Transwestern Strategic Partners on behalf of its TSP Value and Income Fund for $58.85 million. Transwestern Strategic Partners is the discretionary investment management arm of Transwestern Investment Group based in Dallas. 

Situated at the intersection of Drinkwater Boulevard and Indian School Road, Lincoln Towne Center provides easy access to the Loop 101 and is directly across from the Scottsdale City Hall. It is also in close proximity to the nearly two million square foot Scottsdale Fashion Square, the Scottsdale Waterfront development and the W Hotel, providing a 24/7 environment within walking distance to numerous retail amenities, restaurants, hotels and condo and apartment homes. The property also features a rare, four-level subterranean parking structure allowing for a parking ratio of 4.1 spaces per 1,000 square feet. Nearly half of the property is occupied by investment grade tenants including CNA, Catlin and EMC2.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.