Asian Casual Dining Restaurant Chain Selects Scottsdale for Corporate Headquarters
PHOENIX, Aug. 23, 2018 – Cushman & Wakefield announced that P.F. Chang’s China Bistro, Inc., the Asian casual dining restaurant chain, signed a 53,599-square-foot (SF) lease at Perimeter Parkview Corporate Center for its corporate headquarters located at 8377 E. Hartford Drive in Scottsdale, Ariz.
Mitch Chilton and Tom Jacobs of Cushman & Wakefield Phoenix represented the tenant. Tim Whittemore, Greg Mayer, Jerry Noble and Patrick Schrimsher of Cushman & Wakefield Phoenix represented the landlord, The Roxborough Group, a San Francisco-based private investment firm.
“The Roxborough Group recently purchased the building knowing that half of the building would become vacant shortly after closing, but we were convinced due to the quality of the asset that there was an upside value in the vacancy. We are pleased to have executed this strategy on behalf of Roxborough within months of closing and in particular, landing a corporate headquarters with such a great brand in P.F. Chang’s,” said Whittemore.
Perimeter Parkview Corporate Center is a 106,000-square-foot, Class A office building situated within the Perimeter Center Business Park in North Scottsdale. The two-story building features high-end common area finishes, underground parking, immediate access to the Loop 101 and nearby lifestyle amenities including the Scottsdale Quarter, Kierland Commons and the world renowned TPC, home of the Waste Management Phoenix Open.
“We are very excited to welcome P.F. Chang’s to Perimeter Parkview. They will make a great addition to an already great building,” said Mayer.
About The Roxborough Group
The Roxborough Group is a private real estate investment firm founded in 2013. Headquartered in San Francisco, Calif., the firm has a broad mandate to invest in all real estate asset classes, both directly and with operating partners. Roxborough focuses on opportunistic, value-add and transitional real estate assets, high-yielding real estate debt, real estate-related operating businesses, as well as high quality, lower risk and longer duration real estate investments. For more information, please visit www.theroxboroughgroup.com.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.