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SRS Facilitates the $5.4M Purchase of Gold Dust Corporate Center on Behalf of Scottsdale Recovery Center

PHOENIX, July 19, 2016 (GLOBE NEWSWIRE) -- On behalf of Scottsdale Recovery Center (SRC), SRS Real Estate Partners (SRS) is proud to announce SRC's acquisition of Gold Dust Corporate Center. The newly acquired facility is 32,000 square feet and is located at 10446 North 74th Street in Scottsdale. SRC is Arizona's premier inpatient and outpatient addiction center.

"With the drug epidemic rapidly increasing, we stand by our passion and commitment to help the still suffering alcoholic and drug addicts get, and stay, sober. Gold Dust Corporate Center is the perfect addition to our existing facilities and recovery homes," said Chris Cohn, co-founder of SRC. "This new location will allow us to continue offering and expand the upscale, private programs we provide in order to get more people the treatment they need and deserve."

Gold Dust Corporate Center will serve as the headquarters of SRC's treatment program which includes detox, residential inpatient, IOP, recovery-based yoga and equine therapies, one-on-one counseling, and group counseling.

Brian Polachek of SRS represented Scottsdale Recovery Center in the transaction. Adam Tolson of Lee & Associates represented the seller, Pathfinder TRF Ten LLC.

About SRC

Scottsdale Recovery Center is Arizona's leading treatment center for young adults in their 20s, 30s and 40s. Since its inception in 2008 SRC has helped over 5,000 recovering addicts work towards achieving lifelong sobriety. SRC has earned the Gold Seal of Approval for Behavioral Health Care from The Joint Commission and has the highest success rate for longtime sobriety in the valley. SRC was founded and is owned by Chris Cohn and Alex Salcedo. For more information, visit scottsdalerecovery.com.

About SRS

SRS is the largest real estate company in the U.S. exclusively dedicated to retail services. Headquartered in Dallas with more than 20 offices worldwide, SRS' strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services and investment services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry's most influential and respected leaders. Our success is measured in the achievement of our clients' objectives, satisfaction and trust. For more information, please visit www.srsre.com.
 

CONTACT: Christina Wezwick
         214.560.3215
         christina.wezwick@srsre.com