Local developer buys Roosevelt Row parcel for $6.7M

[Source: Emily Baker, CoStar Group] — Scottsdale, AZ-based Third and Roosevelt Development LLC purchased 0.61 acres at 408-414 E. Roosevelt St. in Phoenix from Phoenix City Investments for $6.65 million.  The buyer has not disclosed plans for development, but the property was purchased as part of an assemblage.  It is located in downtown Phoenix, between N. 3rd and N 5th streets and E. Roosevelt and E. Portland streets.

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