Gantry has obtained an $18 million permanent loan for the Gateway Quads industrial property in Mesa, Arizona, following its development and lease-up. The four-building complex offers 122,720 square feet of leasable space, with features including divisible units and truck loading facilities.
“Gantry has secured an $18 million permanent loan as construction takeout financing following the development and lease-up of Gateway Quads.”
The financing was obtained as construction takeout following the development and lease-up of the property, which includes four buildings with a total of 122,720 square feet of leasable space.
This deal highlights the continued demand for industrial assets in the Mesa area, indicating a robust leasing environment and attractive financing conditions for stabilized properties.
Interest rate volatility
HighConsider locking in fixed-rate financing to hedge against future rate increases.
Tenant default risk
MediumConduct thorough tenant credit assessments and diversify tenant mix to reduce exposure.
Market saturation
LowMonitor local industrial development pipelines to anticipate potential oversupply.
The article reports on Gantry securing an $18 million permanent loan for the Gateway Quads industrial property in Mesa, Arizona. The property consists of four buildings totaling 122,720 square feet, each divisible to 7,600 square feet, with features like 24-foot clear heights and truck loading facilities. The loan is a 10-year, nonrecourse, fixed-rate loan with partial-term interest-only payments. Gantry's team represented the borrower, and the loan was provided by a correspondent insurance company lender. The article highlights the property's location and specifications, emphasizing its appeal to tenants and lenders.
This source provides detailed information on the loan terms and property specifications, crucial for understanding the financing structure and asset appeal in the industrial market.
The industrial real estate market in Mesa is poised for continued growth due to strong leasing activity and favorable financing conditions.
REBusinessOnline
On April 3, 2026, Gantry announced securing an $18 million loan for the Gateway Quads industrial property in Mesa, Arizona, following its development and lease-up [REBusinessOnline].
End of Intelligence Report · 1 Sources Verified