Cassidy Turley announced the $7 million ($104.79/psf) sale of Hartford Place located at 8388 E. Hartford Drive in Scottsdale, Ariz. Locally based Hartford Exchange, LLC and Reems & Greenway LLC purchased the ±66,800 square foot property from Newport Beach, CA-based Buchanan Street Partners (Newport Beach, CA).
Cassidy Turley Executive Managing Director Eric Wichterman and Senior Vice Presidents Mike Coover and Michael Kitlica represented the seller.
Hartford Place is a flex office/warehouse property located in the Perimeter Center Business Park, north of the Loop 101 and Frank Lloyd Wright Boulevard. Built in 2000, the building can efficiently accommodate single- or multi-tenant occupancy. At the time of sale, the property included approximately 19% office space with the remainder warehouse. The new owners are renovating the property for office use and have announced that 50% of the building will be occupied by HomeSmart.
