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FalconEye Ventures has acquired Scottsdale Quarter, a 755,000-square-foot mixed-use property blending Class A office, luxury retail and residential components in Scottsdale, Ariz. Washington Prime Group was the previous owner, according to Yardi research data.

Debt totaling $165 million previously encumbered the property, the same source shows. Wells Fargo issued the CMBS loan, which was due to mature this month, in 2015.

The new ownership earmarked $100 million in capital expenditure to improve the 2009-built property’s retail and office components, which encompass more than 300,000 square feet each. The enhancement program is set to kick off later this year.