Citigroup Provides $60 Million Acquisition Loan For Gilbert Gateway Towne Center In Mesa AZ

The asset involved in this transaction is a retail property located at 5110 South Power Road, Gilbert Gateway Towne Center in Mesa, AZ. The total square footage of the property is 263,973. The loan amount for this acquisition is $60,000,000, with loan terms structured at 70% loan-to-cost and full-term interest-only payments. This transaction is supported by Citigroup as the lender, and the landlords are the Irgang Group and Saskow Family.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $60,000,000
• Loan Type: Acquisition
• Loan Terms: 70% LTC Full Term IO
• Lender: Citigroup
• Landlord: Irgang Group & Saskow Family
• Brokers: Simon Rosenfeld & Ariel Taieb - Meridian Capital Group

Simon Rosenfeld and Ariel Taieb from Meridian Capital Group represent the financial aspects of this acquisition, highlighting their roles in facilitating the loan with Citigroup. Contact information for the brokers includes Simon Rosenfeld at 212-612-0110 and [email protected], and Ariel Taieb at 646-502-3458 and [email protected], providing a direct line for inquiries related to the transaction.