
Gantry Arranges $38M Refinance for Mesa Grand Retail Center in Mesa
Gantry arranged a $38 million permanent loan to refinance maturing debt at Mesa Grand, a 224,000-square-foot power center in Mesa.
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Gantry arranged a $38 million permanent loan to refinance maturing debt at Mesa Grand, a 224,000-square-foot power center in Mesa.

RX Health & Science Trust and Transwestern sold Copper Point, a fully leased 92,109-SF medical office building in Gilbert, AZ, to Fidelity Investments.

Aardex has completed an adaptive reuse renovation of a historic retail property in downtown Phoenix, converting the space to meet modern commercial demands. The project highlights the growing trend of repurposing legacy retail buildings in urban cores across the Southwest.

Hines plans a 572,282-square-foot, three-building Class A industrial campus near Loop 303 in Phoenix's West Valley, targeting logistics and distribution tenants.

Creation and Horizon Real Estate signed four new tenants at The Switchyard, a 10-acre mixed-use project at Ellsworth and Ocotillo roads in Queen Creek, Arizona.

Transwestern Investment Group acquired a two-building, 662,804-SF Class A industrial complex in Tolleson, AZ, fully leased to Solutions 2 Go and HD Supply.

Caliber Companies plans a 114-room Hyatt Studios hotel in north Phoenix, while IndiCap and Invesco sold a 566,000-SF industrial building near Glendale for $90.6M.

Phoenix's industrial market showed signs of recovery in Q4 2025, with vacancy declining and new logistics development advancing in the southwest Valley.

Balfour Pacific sold the 458,047-SF Thirty 03 tower at 3003 N. Central Ave. in Phoenix for $32.25M, with Newmark brokering the Canada-to-Canada deal.