Wentworth Property/Northwood Venture Buys Scottsdale Offices In $122 Million Deal

Wentworth Property/Northwood Venture Buys Scottsdale Offices In $122 Million Deal

Scottsdale – Companies formed by Wentworth Property Co. LLC in Phoenix (James Wentworth, Sr., James Wentworth, Jr., principals) and Northwood Investors in New York City, N.Y. (John Kukral, pres.) paid $122 million ($191 per foot) to acquire 638,717 sq. ft. of buildings within the Perimeter Center business park in Scottsdale. The sellers of the portfolio were five entities formed by Desert Troon Cos. in Scottsdale (Tore Diskerud,Dan Smith, partners). The buyer was represented by Jeff Wentworth, Chris Walker, Mike Beall and Sean Spellman of Cushman & Wakefield in Phoenix. Read More.