NXT Capital Funds Acquisition Loan in Phoenix
The firm’s real estate finance group has funded a $27 million loan to fund the acquisition of the two-building Valley Commerce Center.
Valley Commerce Center is a two-building, 216,000 square foot, class-B office complex located in Phoenix, Arizona. It is located four miles north of downtown Phoenix and six miles northwest of Phoenix Sky Harbor International Airport.
Tim Storey in the Phoenix office of Newmark Realty Capital placed the loan on behalf of the borrower.