Palisades Private Capital Fund I (PPCFI), a $50-million fund sponsored by Palisades Mexico Partners (PMP), has acquired, 4141 N. Scottsdale Road, a 147,356-square-foot, 91.3% leased, three-story class A office building in Scottsdale, Arizona. Located in the heart of Scottsdale’s best location, the famous “Old Town” area, the asset is surrounded by countless amenities, an excellent demographic and a highly professional labor pool.

“For PMP, 4141 represented a unique opportunity to acquire a classic Scottsdale office building that is continuing to attract credit tenants such as Aetna Life Insurance Company and Fresenius Medical Care,” said de Monet. “With 4141 as our second acquisition in the past three weeks and our third acquisition in Arizona since July, we are moving fast to solidify our position in the Phoenix metropolitan area,” he added.