Mesa, AZ (December 9, 2020) – Gantry, the largest independent commercial mortgage banking firm in the U.S., secured an acquisition loan for Landing 202, a 603,903-square-foot industrial property built in 2020 in Mesa, AZ. The two Class A buildings sit on a 46.63-acre site at 7958 and 8046 E. Ray Road and were acquired by CAM Investments for more than $81 million.

Gantry’s Tim Storey arranged the 11-year, loan in the amount of $55,500,000, which includes an earn-out component, on behalf of the sponsor, Los Angeles-based CAM Investments, through JP Morgan Asset Management.

Storey says, “The sponsor brings a proven track record acquiring and operating industrial and logistics assets. CAM Investments has assembled a critical mass of institutional quality assets in select target markets, including Phoenix, where it holds 12.5 million square feet of property.”

The 8046 E. Ray Rd. building comprises 485,872 square feet and is fully leased to a single tenant, Dexcom Inc, under a brand new 10-year NNN lease. The facility features 36-foot clear heights, ESFR sprinklers, an 85-foot truck court and 96 dock-high doors. The company also has the option to expand by up to 165,000 square feet with an additional building on the north side of its existing facility.

The 7958 E. Ray Rd. building comprises 118,000 square feet. It features 30-foot clear heights, ESFR sprinklers, a 130- to 185-foot truck court and 34 dock-high doors.

The property is located just two miles southeast of the AZ-Loop 202.