facebook
Traded Co logo
Submit
Daily limit: 0/10

George Kurtz Of FalconEye Ventures Acquires Scottsdale Quarter From Washington Prime Group And O'Connor Capital Partners For $654.1M

Property Image
SOLD
$654,100,000

Arizona

See Similar Deals
Mixed-use761,664 SF
Sold 06/27/2025
the dealdetailscomps
Property Image
SOLD

George Kurtz Of FalconEye Ventures Acquires Scottsdale Quarter From Washington Prime Group And O'Connor Capital Partners For $654.1M

15037 North Scottsdale Road

See Similar Deals
Mixed-use761,664 SF
Sold 06/27/2025

Summary

ARIZONA
Asset Type:Mixed-use
Price Per Square Foot:$858
Total Square Footage:761,664 SF
Transaction Type:Sale

The property asset involved in the transaction is a mixed-use development located at 15037 North Scottsdale Road in Scottsdale, AZ. The sale price for this property was $654,100,000. The asset spans a total of 761,664 square feet, resulting in a price per square foot of $859.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $654,100,000
  • Buyer: George Kurtz - FalconEye Ventures
  • Seller: Washington Prime Group & O'Connor Capital Partners
  • Square Footage: 761,664
  • Price per Square Foot: $859

George Kurtz, representing FalconEye Ventures, was involved in the acquisition of the Scottsdale Quarter in partnership with Vestar. The deal was executed on June 27, 2025, and FalconEye Ventures plans to invest an additional $100 million in upgrades and expansion, specifically targeting tech and creative tenants.

Players

SELLER

Details

SOLD
IMAGE: 06/27/2025 ADDRESS: 15037 North Scottsdale Road MARKET: Scottsdale, AZ ASSET TYPE: Mixed-use BUYER: George Kurtz - FalconEye Ventures SELLER: Washington Prime Group & O'Connor Capital Partners SALE PRICE: $654,100,000 SF: 761,664 ~ PPSF: $859 NOTE: FalconEye Ventures, in partnership with Vestar, acquired Scottsdale Quarter in North Scottsdale for $645.1M from Washington Prime Group and O'Connor Capital Partners. The 761,664-sf mixed-use property includes retail and office space, and FalconEye plans to invest $100M in upgrades and expansion targeting tech and creative tenants.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$34,885,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,323,879.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,100,767.71
Annual Debt Service$37,209,212.48