Grubb & Ellis/BRE Commercial negotiated the sale of The Shops at Gainey Village in Scottsdale, Ariz., for $73 million.

Located at 8787 N. Scottsdale Road, the 143,409-square-foot project combines shops, upscale boutiques, family and fine dining. The property resides on more than 14 acres of space that was previously occupied by a horse ranch, and its design strongly reflects that influence, from the rooflines and unique towers, down to the fountains that resemble horse troughs.

There are five buildings total on the project. The main building is one-story, 91,000 square feet, and there are four freestanding pad buildings that comprise the additional 47,000 square feet. 

Gainey Village Center 03 LLC sold the property to Principal Life Insurance in conjunction with Madison Marquette Retail Services.

San Diego-based Grubb & Ellis/BRE Commercial is a privately held commercial real estate brokerage.


What’s your opinion? Send your Letter to the Editor to

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription