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SCOTTSDALE, ARIZ. — Coynes Construction and La Jolla, Calif.-based 6906 Chestnut LLC have acquired the retail portion of the 4020 Building, which is located at 4020 Scottsdale Rd. in downtown Scottsdale. The 7,090-square-foot space is located below a 21-unit loft building. The retail portion sold for $4 million or approximately $575 per square foot. The property is fully occupied by Bank of America, Ice Tango and Daily Dose Café. Carlos Lopez of Hanley Investment Urban Real Advisors represented the buyer and the seller, Santa Ana, Calif.-based 1st Avenue Scottsdale LLC, in the transaction.