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8/25/21
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Dansons LLC has acquired Gainey Ranch Corporate Center II, a 203.6k sf, Class A office property in Scottsdale, AZ. The purchase was financed with a new loan for $29.175 mil that was arranged by JLL.
Gainey Ranch Corporate Center is positioned on a 7.57-acre site at 8877 N Gainey Center Dr within the Gainey Ranch Corporate Center, which comprises 500k sf of office space. This location is just one mile from the Loop 101, providing accessibility to the Scottsdale metro area and labor pool. The Central Scottsdale market, in which the property is located, offers more than 450 shops and 10 major shopping centers within three miles of the property. In addition, Gainey Ranch is just two miles from the Scottsdale Municipal Airport.
Completed in 1991, Gainey Ranch Corporate Center offers golf course and mountain views and a 4:1 parking ratio with 90% of the parking located underground. Dansons took 100% occupancy immediately upon acquisition and Gainey Center will serve as Dansons’ Corporate Headquarters, facilitating the continued success of their pellet fuel appliances and multiple award-winning brands.
JLL’s Brad Miner and Jason Carlos arranged the financing transaction. The new long-term, non-recourse, fixed-rate acquisition loan was funded through Benefit Street Partners Realty Trust.
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