June 5, 2020 Comments Off on Cush Claims North Scottsdale Office Asset for $30M Views: 786 Phoenix, Phoenix & Southwest News

Cush Claims North Scottsdale Office Asset for $30M

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San Diego-based Cush Enterprises acquired Perimeter Parkview Corporate Center in north Scottsdale for $30 million or roughly $286-per-square-foot. The seller of the two-story, institutional-quality suburban office building was an affiliate of San Francisco-based The Roxborough Group. The 104,956-square-foot Class A office asset is located at 8377 East Hartford Dr.

Roxborough had originally acquired the building and an adjoining 2.9-acre pad site in September 2017 with plans to reposition it. Roxborough subsequently sold off the 2.9-acre pad to a local developer for a build-to-suit development. It also secured corporate headquarter tenant P.F. Chang’s China Bistro through a 53,559-square-foot lease that commenced in November 2018.

Cushman & Wakefield’s Chris Toci, Chad Littell, Tim Whittemore, Greg Mayer, and Patrick Schrimscher handled the sale transaction.

The acquisition represents a new entry into the Phoenix metro market for Cush Enterprises, a multi-generational San Diego family office led by Stephen P. Cushman and supported by Nikolas Parrish.

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