Donahue Schriber Will Build a Scottsdale Mall

Donahue Schriber is buying a 47-acre parcel in Scottsdale, Ariz., where it will build a shopping center with the help of Koll Development Co.

Donahue, a shopping center developer and operator headquartered in Newport Beach, is buying the land from Amberjack Inc., a subsidiary of State Farm Insurance. Terms of the acquisition were not disclosed.

The proposed 325,000-square-foot center, which will include a variety of stores and restaurants, has a target opening date of spring 2001.

Newport Beach-based Koll’s Phoenix office will handle the entitlement process, while Donahue will provide leasing and management services.

Donahue Schriber owns and operates 51 shopping centers in California, Nevada and Arizona. Koll is a real estate investment and development company.