Federal Realty Investment Trust has paid $53.6 million, or $250.47/sf, for Scottsdale Forum, a 214,000-square-foot office building in Scottsdale, Ariz. The Bethesda, Md., REIT purchased the property from CapRidge Partners, which had acquired it in 2018 for $40.75 million. JLL Capital Markets brokered the latest deal. The property was built in 1989 at 6263 North Scottsdale […]

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