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Saturday, June 15, 2013

Beach-club developer Yari acquiring downtown Galleria


The developer of downtown Scottsdale’s new beach-club-anchored entertainment complex is purchasing the Galleria Corporate Centre.

Shawn Yari, owner of Triyar Cos., is acquiring the property, his spokesman, David Leibowitz, said. The property has been owned by JEMB Realty since 2000.

The sprawling, three-story commercial complex, on the northeastern corner of Scottsdale Road and Fifth Avenue, is home to Le Cordon Bleu College of Culinary Arts and Yelp, SAP, McKesson and CareerBuilder.

Leibowitz would not provide any additional information. JEMB could not be reached for comment.

The Galleria houses a workforce of nearly 2,000 people, said Ben Moriarity, Scottsdale’s downtown business specialist.

Read more: Beach-club developer Yari acquiring downtown Galleria

Reuters: Business News

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