Iconic Old Town Scottsdale property sells for $11.2M to Terry Black’s BBQ for AZ debut

SCOTTSDALE, Ariz. (Oct. 21, 2026) – LevRose Commercial Real Estate has completed the $11.2 million sale of an iconic property at 3925 N. Brown Ave. in the heart of Old Town Scottsdale to Terry Black’s BBQ.

The acquisition marks a significant milestone for the Texas barbecue brand as it enters the Arizona market. LevRose Partners Danielle Davis, Branden Mondragon and Trent McCullough represented the sellers in the transaction.

Spanning an entire city block, the approximately 0.74-acre property comprises nine parcels and approximately 10,409 SF of existing buildings. The sale represents a rare transition for the long-held property and a notable transaction in one of the Valley’s most popular destinations.

The property’s prominent location places Terry Black’s BBQ within Old Town Scottsdale’s established mix of restaurants, boutiques, galleries and cultural attractions. Its walkable setting and proximity to residents, visitors and nearby resorts provide a compelling location for the brand’s market entry.

“This was a truly unique opportunity to acquire one of Old Town Scottsdale’s most recognizable and irreplaceable properties,” Davis said. “Its full-block scale, visibility and location made it an exceptionally rare offering. We’re excited to see Terry Black’s BBQ bring new energy to Scottsdale as it enters the Arizona market.”

For the sellers, the transaction represents a landmark moment in the property’s history. For Old Town Scottsdale, it signals a new chapter for an iconic block and the arrival of a distinctive addition to the local dining scene.

The sale underscores the continued appeal of premier Old Town Scottsdale real estate and the opportunity for established restaurant brands to secure a meaningful presence in the market.

Terry Black’s BBQ is a Texas-based barbecue brand known for its Central Texas-style barbecue, with locations across Texas and in Nashville, Tennessee.