Highlights

Cushman & Wakefield arranged $19.9 million in acquisition financing for a medical office portfolio in Scottsdale, according to REBusinessOnline. The buyer and lender have not yet been disclosed in available public records.

The transaction is the latest in a series of Cushman-brokered medical office deals in the Scottsdale market. On July 1, 2025, the firm arranged $37.09 million in acquisition financing for the purchase of Scottsdale Centre, a 163,311-square-foot building at 7373 N Scottsdale Blvd. That property sold for $44.58 million and was 78% leased at close, with 66% medical and 34% office tenancy. Foothills Bank, a division of Glacier Bank owned by Glacier Bancorp Inc., provided the financing. Anchor tenants include Palo Verde Cancer Specialists and Prosano Health, with specialties spanning oncology, cardiology, and ophthalmology. Scottsdale Centre was originally constructed in 1984 and converted from office to medical use after the pandemic.

Cushman also arranged $34 million in acquisition financing for Northsight Corporate Center, a 136,682-square-foot Class A office property in Scottsdale completed in 2024. That deal, brokered by Cushman's Kristian Brown on behalf of borrower Vertical Ventures, a Northern California-based company, consisted of a $25 million loan and $9 million in preferred equity.

Separately, Cushman arranged the $13.3 million sale of the Paradiso medical office building in Scottsdale.

Who is behind the $19.9 million acquisition?

The buyer and lender for the $19.9 million portfolio financing have not been identified in public records available at publication. REBusinessOnline reported the transaction without disclosing the acquiring entity or the capital source. Additional filings may surface through the Maricopa County Recorder as the deal closes.

Full deal terms, including the properties in the portfolio, are expected to be disclosed in Maricopa County Recorder filings upon close.

Where to find them

Sources

Every factual claim in this article traces to one of the sources below. See how we work for the editorial process.

  1. Google News retrieved 14/08/2026 15:46
  2. wolfmediausa.com retrieved 14/08/2026 15:46
  3. rebusinessonline.com retrieved 14/08/2026 15:46
  4. arizonadigitalfreepress.com retrieved 14/08/2026 15:46
  5. Foothills Bank (official site) retrieved 14/08/2026 15:46
  6. Glacier Bank (official site) retrieved 14/08/2026 15:46
  7. Glacier Bancorp Inc (official site) retrieved 14/08/2026 15:46

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 14/08/2026 15:46. Every claim traces to a source.