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11/17/25
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Deer Valley Towne Center, a 158.6k sf, regionally dominant power center in Phoenix, was acquired by. The purchase was financed with a new loan for $18.85 mil.
Strategically positioned at the southwest corner of State Route 101 and 27th Ave, Deer Valley Towne Center is 98% leased and shadow anchored by Target and AMC Theatres. The center draws over 5.8 million annual visits, ranking in the 92nd percentile among community shopping centers statewide. The property features a robust tenant mix, including Ross Dress for Less, PetSmart, Michaels, Dollar Tree, and Five Below, with over 80% of net rentable area leased to nationally recognized credit tenants.
The center benefits from frontage along State Route 101 and immediate access to Interstate 17. The surrounding trade area includes more than 285,000 residents within a five-mile radius.
Richard Henry, Brian Linnihan, Mike Ryan, and Shaun Moothart with CBRE’s Debt & Structured Finance team represented the borrower in the transaction.
“Deer Valley Towne Center represents a premier retail asset in a market with some of the best retail fundamentals in the country,” said Henry. “This, combined with best-in-class institutional sponsorship, led to a highly competitive process in an environment where we continue to see credit spreads compress.”
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