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May 22, 2019
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Lennar Homes Buys Former P.F. Chang’s HQ Property in Scottsdale


Miami-based Lennar Homes has acquired the former P.F. Chang’s headquarters in Scottsdale, AZ, for $12 mil. The property, located at Miller Rd and Pinnacle Peak Rd, was sold by Scottsdale-based P.F. Chang’s.

Lennar Homes plans to demolish the existing building and build a luxury, gated community – Paseo at Pinnacle Peak. Plans call for 55 single-family homes on the 20-acre site.

Brooks Griffith with Cushman & Wakefield’s land advisory group, along with Mitch Chilton and Tom Jacobs with Cushman & Wakefield’s tenant advisory group, represented the seller in the transaction.

“This is an exceptional redevelopment opportunity for Lennar Homes in a highly desirable submarket. Prospective homebuyers will benefit from the close proximity to high-end restaurants and retail in the North Scottsdale area,” said Griffith.

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