Highlights
- CBRE Capital Markets arranged a $45.8 million refinancing for Scottsdale Towne Center on Aug. 19, 2026.
- The 168,090-square-foot center at 15444 N. Frank Lloyd Wright Blvd. is anchored by TJ Maxx, Ross, and Mountainside Fitness, with Target as shadow anchor.
- The loan is a 5-year fixed, full-term interest-only structure secured by CBRE's Debt and Structured Finance practice.
- The sponsor brought occupancy to nearly 100% after leasing a 50,000-square-foot vacancy to Mountainside Fitness following a 2021 acquisition.
Scottsdale Towne Center, the 168,090-square-foot retail center at 15444 N. Frank Lloyd Wright Blvd. in Scottsdale Airpark, has refinanced at $45.8 million through a loan arranged by CBRE Capital Markets, according to reporting by Real Estate Daily News and the Scottsdale Independent. The deal closed Aug. 19, 2026.
The loan is a 5-year fixed, full-term interest-only structure. CBRE's Debt and Structured Finance practice led the transaction, with executive vice president Shaun Moothart among the named professionals on the deal.
The center is anchored by TJ Maxx, Ross, and Mountainside Fitness, with Target operating as a shadow anchor. The sponsor acquired the property in 2021 and subsequently leased a 50,000-square-foot space to Mountainside Fitness, pushing occupancy to nearly 100%.
Who arranged the loan?
CBRE Capital Markets' Debt and Structured Finance practice handled the refinancing. Executive vice president Shaun Moothart led the team. The borrower is identified as the property's sponsor, whose principals are not yet disclosed in public records reviewed for this article.
A nearly fully leased, interest-only refi at this loan size on a Airpark strip center signals lender confidence in the tenant roster and the sponsor's 2021 lease-up execution. The 5-year fixed term gives the ownership group rate certainty through 2031.
Sources
Every factual claim in this article traces to one of the sources below. See how we work for the editorial process.
- realestatedaily-news.com retrieved 23/08/2026 14:09
- yourvalley.net retrieved 23/08/2026 14:09
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 23/08/2026 14:09. Every claim traces to a source.
