Property Type Office
Financing Type Refinancing
Date January 20, 2016
Gantry has arranged the refinancing of a Verizon Wireless Call Center located in Chandler, Arizona. The property consists of a 170,647 square foot, two-story tilt-up building located in Chandler, Arizona. Jamie Dick, Vice President of Gantry’s San Diego office, assisted by Production Associate Jay Dick, arranged the refinancing for the borrower, a private investment company in Southern California.
Gantry has arranged the refinancing of a Verizon Wireless Call Center located in Chandler, Arizona. The property consists of a 170,647 square foot, two-story tilt-up building located in Chandler, Arizona. Jamie Dick, Vice President of Gantry’s San Diego office, assisted by Production Associate Jay Dick, arranged the refinancing for the borrower, a private investment company in Southern California. The lender is an east coast based institutional lender. All other terms and conditions were not disclosed. Chandler is located in Maricopa County, Arizona, which is a prominent suburb of the Phoenix Metropolitan Statistical Area. It is bordered to the north and west by Tempe, to the north by Mesa, to the west by Phoenix, to the south by the Gila River Indian Community, and to the east by Gilbert. As of July 2012, the population was 240,101 according to the United States Census Bureau. Computer chip manufacturer Intel has had an influential role in city growth strategies with four locations in the municipal area, including its first factory to be designated “environmentally sustainable” under current Leadership in Energy and Environmental Design (LEED) criteria. Other high-technology manufacturing firms have partnerships with the local government, with their operations employing approximately twenty-five percent of non-government workers in 2007. Since the early 1990s, the City of Chandler has experienced exponential growth, ranking among the fastest-growing municipalities in the country. Indeed, nearly 100,000 homes dot the landscape today and the population has surged to more than 238,000 residents. The heart of Chandler remains its revitalized historic downtown, which includes the award-winning Chandler City Hall and a Center for the Arts. In 2010, Chandler was named as an All-America City, bestowed by the National Civic League. In 2012, the City celebrated its 100th Birthday. Gantry is a full service mortgage banking firm with a strong lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. Established in 1991, Gantry is currently staffed by over 60 employees in regional offices throughout the western United States. The company services over $8 billion representing 900 loans. Gantry has been rated as a Primary Servicer by Standard and Poor’s and is one of a select few non-banking / non-insurance chartered companies with this designation. For more information on this transaction please contact Jamie Dick at (858) 793-8400 or Michael Heagerty at (415) 956-9854.