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.
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