PHOENIX-A joint venture comprised of New York City-basedAngelo Gordon & Co. and local investorDave Warren has obtained a $35 million firstmortgage loan for Anchor Center.
Mesa West Capital provided the five-year,floating rate loan for the 337,423-square-foot, two-building officecomplex. The Angelo Gordon JV acquired the class A property inNovember 2010 for $52 million, or about $154 per square foot.
The Anchor Center financing is Mesa West Capital’s secondsignificant investment in the Phoenix area so far this year. InFebruary, the Los Angeles-based portfolio lender provided $40million loan to recapitalize a two-property office portfoliocomprised of 24th & Highland and Park One. The borrower was ajoint venture between Morgan Stanley and McCarthy & Cook.
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