Property Type Retail
Financing Type Acquisition
Date January 20, 2016
Gantry has arranged acquisition financing for Northsight Village, a 88,031 square foot Savers anchored shopping center situated on approximately 8.957 acres in Scottsdale, Arizona.
Gantry has arranged acquisition financing for Northsight Village, a 88,031 square foot Savers anchored shopping center situated on approximately 8.957 acres in Scottsdale, Arizona. Tim Storey, Principal in Gantry’s Phoenix office, and Jamie Dick, Vice President of Gantry’s San Diego office, assisted by Production Associates Jay Dick and Chad Metzger, arranged the financing for the borrower, a Phoenix based real estate investment firm. The lender is a New York based lender. All other terms and conditions were not disclosed. The property is located in the Scottsdale Airpark, which is Arizona’s second largest employment center. The area includes the Scottsdale Airport, WestWorld, TPC Golf Course, Scottsdale Quarter, Perimeter Center, Scottsdale Promenade. It is home to over 55,000 employees, 2,600 businesses and 23,000,000 square feet of office space and is expected to continue growing by over 3,000 employees per year. Many important companies are headquartered or have regional headquarters in the park, including AXA, GE Capital, DHL, Discount Tire Company, Fidelity Investments, JDA Software, GoDaddy.com, and The Vanguard Group. Gantry is a full service mortgage banking firm with a strong lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. Established in 1991, Gantry is currently staffed by over 60 employees in regional offices throughout the western United States. The company services over $8 billion representing over 1,000 loans. Gantry has been rated as a Primary Servicer by Standard and Poor’s and is one of a select few non-banking / non-insurance chartered companies with this designation. For more information on this transaction please contact Tim Storey at (602) 374-7854, Jamie Dick at (858) 793-8400, or Michael Heagerty at (415) 956-9854.