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5/21/26
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The Pointe at Power Marketplace, a recently completed 92.3k sf, small/mid-bay industrial building in Queen Creek, an East Valley suburb of Metro Phoenix, was refinanced with a new permanent loan for $13.5 mil.
The modern, multi-tenant building, located at 18698 E. Business Park Dr, was completed in 2024 and is 100% leased to a diverse roster of tenants. The Pointe at Power Marketplace features a total of 10 suites offering 30-foot clear heights and a grade-level and truck-well loading dock per suite.
Gantry’s Tim Storey, Principal, Chad Metzger, Senior Associate, and Andrew Christopherson, Associate, with the firm’s Phoenix production office represented the borrower, a private real estate investor. The 10-year, fixed rate loan was secured from an insurance company lender and was used to retire construction debt. It features full-term interest-only, with prepayment flexibility at key mid- and late-term benchmarks. Gantry will service the loan for the lender.
“Queen Creek is a fast-growing, highly desirable suburban community with ready access to the key East Valley and Metro Phoenix markets,” noted Storey. “This recent vintage, multi-tenant product is a highly desirable offering in a relatively tight market for similar space as its 100% occupancy indicates.”
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