Old Town Scottsdale Building Sold for $1.628 Million

Navaera Worldwide Acquires Old Town Asset for Adaptive Reuse

PHOENIX, Arizona– Cushman & Wakefield completed the sale of the former Bratzel building, located at 7501 East Osborn Road. The 8,427-square-foot, two-story showroom/warehouse building is in the center of Old Town Scottsdale.

Michael Kitlica of Cushman & Wakefield represented the buyer, Navaera Worldwide, in the $1.628 million transaction.

“The acquisition of 7501 East Osborn will allow Navaera to consolidate several existing Scottsdale operations to their new amenity rich Old Town Scottsdale headquarters, to enhance the employee and customer experience. Scottsdale-based architecture firm AAKAII is in the process of designing a best-in-class adaptive re-use to foster the innovative technical work environment Navaera requires,” said Kitlica.

Completed in 1966 and originally designed by architect Ray Parrish, 7501 East Osborn is one of the oldest industrial buildings in Scottsdale and has been occupied by Scottsdale Plumbing for decades; which is in the process of re-locating.

Located across the street from the San Francisco Giants training facility, 7501 East Osborn is also ideally positioned within close proximity to Scottsdale Fashion Square, the upscale two million square foot super-regional luxury shopping mall, as well as pedestrian-friendly streets home to world class art galleries, museums and restaurants.