DALLAS- Mesa West Capital provided a  $30.9 million loan to CapRidge Partners for the acquisition of Gramercy Center, a 255,000 square foot office complex in Dallas.

Gramercy Center comprises two low-rise office buildings in Dallas' Upper Tollway submarket which is one of the healthiest office markets in the Dallas/Fort Worth area.

“CapRidge is a Texas-based owner with a track record of success in executing similar business plans on transitional office properties throughout the state. With strong in-place cash flow and minimal near-term rollover, CapRidge plans to stabilize the property by leveraging off of the strength of the Upper Tollway market and the improving economy of the Dallas/Fort Worth Metroplex,” said Mesa West's Jason Bressler.

The financing was brokered by Andy Scott and Jim Curtin in the Dallas office of HFF, LP. This is Mesa West's second financing with CapRidge. In December 2012, Mesa West funded a $16.6 million loan for the acquisition of a 136,000 square foot office building in Austin.

Mesa West Capital recently provided Brookwood Financial Partners LLC financing for the acquisition of Heritage Square, a 359,758 square-foot office complex in Dallas.