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Matteson RE Acquires 2 Scottsdale Properties for $97M

Desert Troon Cos. Sells Nearly 330,000 SF in AZ Mixed-Use Space in Off-Market Deal
By Phillip Majarucon
October 2, 2006 | 7:11 P.M.

SPI AZ LLC, an investment entity of Matteson Real Estate Equities out of Redwood City, CA, acquired two Scottsdale, AZ mixed-use office/retail properties -- the Scottsdale Seville from DTR 3A LLC for $51.75 million, and the La Mirada at Pinnacle Peak from DTR 4A LLC for $45.5 million -- for a combined $97.25 million, or about $295 per square foot. The selling entities are subsidiaries of Desert Troon Cos. out of Scottsdale.

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News | Matteson RE Acquires 2 Scottsdale Properties for $97M