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New Scottsdale Strip Center Sells for $3M

Investor Takes 8322 E. McDowell Road
By Mary Pham
October 9, 2006 | 5:55 P.M.

Washington investor SPK Investments LLC acquired 8322 E. McDowell Road from Scottsdale developer Ron Barness of Granite Reef McDowell N/NWC Dev Investors LLC for $3 million, or about $302 per square foot. Buyer entered escrow during the blueprint stage of the property with escrow taking approximately 15 months to close.

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