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Credit Union Snaps Up Retail Pad

PHOENIX—Arizona State Credit Union purchased a 25,696-square-foot parcel and has plans to build a 4,400-square-foot state-of-the-art branch and Cole Investment Group of Scottsdale, AZ purchased a 37,266-square-foot parcel for retail.

By Lisa Brown | Updated on November 10, 2015

PHOENIX—A retail pad at Kierland One, an office building in the North Scottsdale Airpark submarket, has been sold by Hines to Arizona State Credit Union and Cole Investment Group. Kierland One, 16430 N. Scottsdale Rd., is located across from the Promenade Shops within the Kierland master-planned development.

Arizona State Credit Union purchased a 25,696-square-foot parcel and has plans to build a 4,400-square-foot state-of-the-art branch, which will include a drive-through window and a customer lobby.  Also on the site, Cole Investment Group of Scottsdale, AZ purchased a 37,266-square-foot parcel and will develop more than 8,000 square feet of multi-tenant retail and restaurant shops.

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