Highlights
- CBRE Capital Markets arranged a $45.8 million refinancing for Scottsdale Towne Center at 15444 N. Frank Lloyd Wright Blvd.
- The 5-year fixed, full-term interest-only loan covers a 168,090-square-foot center that is nearly 100% leased.
- Anchors include TJ Maxx, Ross, and Mountainside Fitness, which took a 50,000-square-foot space after the sponsor acquired the property in 2021.
- The CBRE team on the deal included Shaun Moothart, Bruce Francis, Doug Birrell, Bob Ybarra, and Nick Santangelo.
Scottsdale Towne Center, the 168,090-square-foot retail center at 15444 N. Frank Lloyd Wright Blvd., has been refinanced with a $45.8 million loan arranged by CBRE Capital Markets, the firm announced Aug. 19, 2026.
The loan is structured as a 5-year fixed, full-term interest-only instrument, secured through CBRE Capital Markets' Debt and Structured Finance practice. The center sits at the southeast corner of Loop 101 and Frank Lloyd Wright Boulevard within Scottsdale Airpark and is nearly 100% leased.
Anchors at the property are TJ Maxx, Ross, and Mountainside Fitness, with Target serving as a shadow anchor. The sponsor acquired Scottsdale Towne Center in 2021 and subsequently leased a 50,000-square-foot space to Mountainside Fitness for what the firm describes as a flagship location.
Who arranged the refinancing?
The CBRE Capital Markets team on the transaction included Shaun Moothart, Bruce Francis, Doug Birrell, Bob Ybarra, and Nick Santangelo, according to reporting by the Scottsdale Independent and Real Estate Daily News. The sponsor's identity was not disclosed in available public records.
The deal was also reported by REBusiness Online and Shopping Center Business. The sponsor's principals are not yet disclosed in public records.
Sources
Every factual claim in this article traces to one of the sources below. See how we work for the editorial process.
- yourvalley.net retrieved 03/09/2026 13:47
- realestatedaily-news.com retrieved 03/09/2026 13:47
Authored by The Scottsdale Signal. Drafted by AI from primary-source material under our beat-specific editorial guides; reviewed by humans before publish under our five-gate process. Sources retrieved at 03/09/2026 13:47. Every claim traces to a source.
