George Kurtz Of FalconEye Ventures Acquires Scottsdale Quarter From Washington Prime Group And O'Connor Capital Partners For $654.1M
15037 North Scottsdale Road
$654,100,000
$858/SF
Building Size
761,664 SF
Asset Type
Mixed-use
Closing
Jun 27, 2025
AI
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
Scottsdale Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93