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Perimeter Center Sells for $40M

Scottsdale Investor Buys 2-Building Center
By Dave Blake
June 13, 2003 | 9:09 P.M.

DTR5 LLC, an entity of Desert Troon Ltd., purchased the two-building Perimeter Center located at 8665 and 8701 East Hartford Drive in Scottsdale, AZ. The Class-A office project totals 214,732 square feet and sold at $40 million, $186.28 per square foot, with a 9.43% cap rate. Perimeter Center Lot 1 Office Partners LLC, an entity of ING/Clarion Partners of Seattle, WA, sold the property.

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