Case Studies
Perimeter Land
-
17761, 17791, 17799 and 17821 N 85th St.
Scottsdale , AZ 85255
- Real Estate Type: Office
- Square Feet: 16.5 Acres of Land
Project Overview
- Multi-phase office project
- Phase 1 leased to 100% pre-Covid
Challenge
- Work from home stunted sub-market growth
- Office development not needed anytime soon
- Zoned only for office
Solution
- Find industrial buyer for the project
- Allow time for rezone
Results
- Sold above pricing expectations
- Buyer never waivered
- More time to focus on existing office portfolio
