An affiliate of San Francisco–based The Roxborough Group has sold Perimeter Parkview Corporate Center in north Scottsdale, Ariz.
The buyer was San Diego–based Cush Enterprises, which acquired the 104,956-square-foot class A office asset located at 8377 East Hartford Dr. for approximately $30 million.
Roxborough had originally acquired the Perimeter Parkview Corporate Center building and an adjoining 2.9-acre pad site in September 2017 for reposition. Following that acquisition, Roxborough sold off the 2.9-acre pad to a local developer for a build-to-suit development. Roxborough purchased the building with expectations it would need to backfill the second floor assuming the existing tenant would likely vacate the following year after paying a termination fee. Within a year of the ink drying on that acquisition, Roxborough secured corporate headquarter tenant P.F. Chang’s China Bistro through a 53,559-square-foot lease that commenced in November 2018.
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