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3/23/26
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In a follow-up to news of Graceada Partners’ purchase of the 398k sf Shaw Commerce Center in Fresno, as reported on RENTV on March 18, we’ve learned that the acquisition was financed with a $24 mil permanent loan. The six-building, multi-tenant asset, located at 4603 N Brawley Ave and 4055-4069 W Shaw Ave, was sold By EastGroup Properties.
Gantry’s Jeff Matlock, Director, and Toby Judge, Associate, with the firm’s San Francisco production office arranged the five-year, fixed rate, non-recourse loan. It was provided by an insurance company lender and features partial-term interest-only. Gantry will service the loan on behalf of the lender.
The buildings at Shaw Commerce Center range in size from 22.5k sf to 111.2k sf and are occupied by 25 unique tenants with spaces ranging from 6k sf to 50k sf. The property was 94% leased with a weighted average remaining lease term of 2.5 years and in-place rents approximately 13% below current market levels at time of sale, providing significant embedded upside potential.
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