Business News • 1888 Press Release • Lucescu Realty Announces 2nd Part of Sale of Scottsdale Promenade in Arizona to Excel Trust for a Total Consideration of $166 Million

Lucescu Realty Announces 2nd Part of Sale of Scottsdale Promenade in Arizona to Excel Trust for a Total Consideration of $166 Million

Lucescu Realty Announces 2nd Part of Sale of Scottsdale Promenade in Arizona to Excel Trust for a Total Consideration of $166 Million

Lucescu Realty has sold the class A office property, Promenade Corporate Center, for $56 million to Excel Trust. The transaction marks the second half of a larger deal involving the Scottsdale Promenade, for a total consideration of $166 million. The promenade's retail component was acquired by Excel Trust in the third quarter of 2011 for $110 million.

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Lucescu Realty Announces 2nd Part of Sale of Scottsdale Promenade in Arizona to Excel Trust for a Total Consideration of $166 Million

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