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Lucescu Realty Announces Loan Commitment for Permanent Financing for Scottsdale Center, Scottsdale, Arizona; An Approximate 99,637 Square Foot Office Building Complex.

March 15, 2009. Newport Beach, CA

Lucescu Realty, a market leading investment real estate brokerage firm, announced today the loan commitment for permanent financing for Scottsdale Center, Scottsdale, Arizona. Lucescu Realty is also marketing the Property for sale on behalf of the existing ownership and it is anticipated that the procurement of permanent financing will assist in facilitating an outright sale. The Property is an approximate 99,637 square foot office building complex that consists of three (3), two (2)-story office buildings. The Property is located at the southeast corner of Scottsdale Road and Princess Boulevard, less than 1 mile south of the 101 Freeway, on an out-pad parcel of the Scottsdale Fairmont Princess resort. Mercer Advisors, a leading provider of financial planning, asset management and practice management consulting services ($3.6 billion of managed assets) occupies approximately 65,000 square feet (64.9% of the Net Rentable Area) on a long term, NNN lease that includes fixed rental escalations. The Property is located in one of the most affluent areas in Phoenix that boasts an Average Household Income within 3 miles of $133,156.

The Seller of the Property is a joint venture between Wolff Urban, who's principal, Lew Wolff is the Managing Partner of Major League Baseball's Oakland A's and American Capital, a private investment Company with substantial real estate holdings throughout the Western United States.