PHOENIX-A joint venture comprised of New York City-based Angelo Gordon & Co. and local investor Dave Warren has obtained a $35 million first mortgage loan for Anchor Center.
Mesa West Capital provided the five-year, floating rate loan for the 337,423-square-foot, two-building office complex. The Angelo Gordon JV acquired the class A property in November 2010 for $52 million, or about $154 per square foot.
The Anchor Center financing is Mesa West Capital’s second significant investment in the Phoenix area so far this year. In February, the Los Angeles-based portfolio lender provided $40 million loan to recapitalize a two-property office portfolio comprised of 24th & Highland and Park One. The borrower was a joint venture between Morgan Stanley and McCarthy & Cook.
Anchor Center, situated on eight acres at 2201 and 2231 E. Camelback Rd., is located in the prestigious Camelback Corridor. Built in 1986, the property received major renovations to the exterior, interior and plaza space in 2005. On-site amenities include: a full service restaurant, caf
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