The developer of a sprawling Pima County sports complex has procured a $425 million credit-tenant lease loan to provide construction financing for Phase I of Mosaic Quarter. BWE’s Charleston office originated the credit-tenant lease financing for the development from CTL Capital. Knott Development will be the tenant and developer of Mosaic Quarter. Pima County is the lessee.

The project, at I-10 and Kino Boulevard in Tucson, will span 90 acres and 1 million square feet. Phase I of Mosaic Quarter will consist of a 137,000-square-foot field house and a 200,000-square-foot iceplex.

The field house will boast two floors of athletic space and include eight basketball courts, six volleyball courts, four indoor soccer fields, 24 pickleball courts, two 7-on-7 football fields, 32 badminton courts, two party rooms, and a rooftop event patio.

The iceplex will feature two community rinks, a 3,000-seat arena rink, 15 locker rooms, two party rooms, a pro shop, and a team store.

Mosaic Quarter is scheduled to break ground in November 2024, and construction is expected to take approximately three years to complete. 

Next Wednesday, learn from and network with experts from ICSC, Caruso, Anderson Real Estate, Primestor, and more at this year’s Connect Retail West conference. Don’t miss out, be at the Luxe Sunset Blvd Hotel for the leading retail CRE event next week on November 6^th! Be sure to register in advance, registration pricing increases on event day!