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Hines sells retail pad at Kierland One

Hines, the international real estate firm, recently sold a 1.45-acre retail pad at Kierland One, an office building in the North Scottsdale Airpark submarket, to Arizona State Credit Union and Cole Investment Group.

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 thru and a modern customer lobby.

Also on the site, Cole Investment Group of Scottsdale purchased a 37,266-square-foot parcel and will develop over 8, 000 square feet of multi-tenant retail and restaurant shops.

The Arizona State Credit Union branch and the multi-tenant shops are expected to open in mid-summer 2016. Kierland One, 16430 N. Scottsdale Road, is located across from the Promenade Shops within the Kierland master-planned development.



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