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Gilbert Today
By the People, for the People
Trident Capital Partners Secures $13.25M Refi for 99% Leased Scottsdale Towne Center
The new financing replaces existing debt on the 168,090-square-foot retail center.
Mar. 11, 2026 at 7:19pm
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Trident Capital Partners has arranged a $13.25 million refinancing for the owners of Scottsdale Towne Center, a 168,090-square-foot retail property located on Frank Lloyd Wright in Scottsdale, Arizona. The 12-month, non-recourse loan is secured by the 16-acre center, which is reported to be 99% leased with tenants including Mountainside Fitness, Ross Dress for Less, T.J. Maxx, and several restaurants.
Why it matters
The refinancing allows the owners to replace existing debt on the stabilized retail asset, which sits adjacent to a separately owned Target store. The non-recourse and short-term nature of the new loan indicates it is a bridge-style financing solution.
The details
The new financing from Trident Capital Partners replaces the prior senior loan that had been cross-collateralized with another retail asset in Gilbert that is currently under contract for sale. Approximately $13.25 million of the senior debt had been allocated to the Scottsdale Towne Center property, which aligns with the amount of the new refinancing. Scottsdale Towne Center was originally constructed in 1995 and is organized as 30 units across seven buildings.
- The new 12-month, non-recourse loan was secured on March 11, 2026.
The players
Trident Capital Partners
A boutique real estate bridge lender that focuses on tailored senior-secured financing solutions for commercial real estate across the United States.
Scottsdale Towne Center
A 168,090-square-foot retail property located on Frank Lloyd Wright in Scottsdale, Arizona. The 16-acre center is 99% leased and includes tenants such as Mountainside Fitness, Ross Dress for Less, T.J. Maxx, and several restaurants.
The takeaway
This refinancing transaction allows the owners of the stabilized Scottsdale Towne Center to replace existing debt with a new short-term, non-recourse loan, providing them with more flexibility as they navigate the pending sale of a separate retail asset in Gilbert.
