PHOENIX—8388 Hartford LLC, managed by HomeSmartfounder Matt Widdows, purchased a66,800-square-foot office building in the Perimeter CenterScottsdale located at 8388 E. Hartford Dr.
Widdows paid $7 million to acquire the site. The sellerwas Buchanan Street Partners. BuchananStreet purchased this asset in 2012 at nearly 100% vacancy for $4.4million and has carried the asset for nearly two years with limitedoccupancy.
The transaction was negotiated through City to CityCommercial by Kent Baker whorepresented the buyer. Cassidy Turley'sEric Wichterman was the listing agent on theproperty for Buchanan Street.
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