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Business
Perimeter Parkview Corporate Center sold in north Scottsdale
Posted
Independent Newsmedia
CBRE has facilitated the sale of Perimeter Parkview Corporate Center, a 24,154-square-foot Class A multi-tenant office building in Scottsdale.
Melcor Developments of Edmonton, Alberta, sold the property at 8355 E. Hartford Drive to Mark IV Capital, Inc. of Newport Beach, California. Barry Gabel, Chris Marchildon and Will Mast of CBRE in Phoenix represented Melcor Developments in the transaction.
Perimeter Parkview Corporate Center is in the 260-acre Perimeter Center master-planned commercial development and sits adjacent to the TPC Scottsdale, home of the Waste Management Phoenix Open.
The two-story property features institutional-quality construction finishes with dual-paned reflective glass, a two-story lobby entrance, a parking ratio of 4.26 spaces per every 1,000 square feet and views of the McDowell Mountains, according to a press release. It is completely leased to six tenants across varying industries.
“Our team is grateful for the opportunity to sell the asset on behalf of Melcor, coming full circle on what we started together back in 2014,” Mr. Gabel said in a prepared statement.
“Perimeter Parkview Corporate Center’s irreplaceable North Scottsdale location, Class A office finishes and diverse rent roll will make a great addition to Mark IV Capital’s distinguished office portfolio in Arizona and will continue to provide reliable cashflow for years to come.”
The property is situated in the Scottsdale Airpark submarket, home to many corporate and regional headquarters. It is adjacent to the Loop 101 Freeway, making it accessible by 3.4 million people within a 40-minute commute, a release claims.
The area is surrounded by North Scottsdale’s amenities, including high-end restaurants and retail shops at Kierland Commons and Scottsdale Quarter, and several resorts, including the Fairmont Scottsdale Princess, JW Marriott Desert Ridge Resort and Spa and the Westin Kierland Resort & Spa.
