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Mark IV Capital Inc Picks Up 24k sf AZ Office Asset

9/01/20

Mark IV Capital Inc, out of Newport Beach, has acquired Perimeter Parkview Corporate Center, a 24.2k sf, Class A multi-tenant office building in Scottsdale, AZ. The asset was sold by Melcor Developments of Edmonton, Canada.

Perimeter Parkview Corporate Center is located at 8355 E. Hartford Dr 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 abundant dual-paned reflective glass, a two-story lobby entrance, a parking ratio of 4.26 spaces per every 1,000 square feet and unmatched views of the McDowell Mountains. It is 100% leased to six high-quality tenants across varying industries.

The property is situated in the Scottsdale Airpark submarket, one of the premier office markets in metro Phoenix and home to many corporate and regional headquarters. It is adjacent to the Loop 101 Fwy, making it accessible by 3.4 million people within a 40-minute commute. The area is surrounded by North Scottsdale’s one-of-a-kind 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.

Barry Gabel, Chris Marchildon and Will Mast of CBRE in Phoenix represented Melcor Developments in the transaction. The price was not disclosed.





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