PHOENIX—Cassidy Turley announces that Los Angeles-based Regent Properties has acquired 90 Mountain View, a 183,644-square-foot office project located at 9977-9999 N. 90^th St. in Scottsdale, for $35 million ($188.41 per square foot). The seller was Principal Real Estate Investors.

Senior managing directors Bob Buckley, Tracy Cartledge and Steve Lindley with Cassidy Turley's capital markets group and executive managing director Jeff Wentworth and vice president Sean Spellman with Cassidy Turley's office group brokered the transaction on behalf of the seller.

Buckley tells GlobeSt.com, “The North Scottsdale submarket is strongest from an office perspective; and there is a lot of medical office there. It's a finite market there because there is no land available for additional development. Occupancy and rates are moving up. The buyer purchased well below replacement cost; there is tremendous room for rent growth.”