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Financing Makes Gainey Ranch Sale Come Together
Financing of $29 million was recently provided for Gainey Ranch Corporate Center II, a class-A office property totaling 203,642 square feet in Scottsdale. JLL worked on behalf of the borrower, Dansons LLC, to secure the long-term non-recourse fixed-rate acquisition loan through Benefit Street Partners Realty Trust.
Completed in 1991, Gainey Ranch Corporate Center offers golf course and mountain views. Dansons took 100 percent occupancy immediately upon acquisition and Gainey Center will serve as Dansons’ corporate headquarters.
Gainey Ranch Corporate Center is positioned on a 7.57-acre site at 8877 N. Gainey Center Dr. and the overall development comprises 500,000 square feet of office space. This location is just one mile from the Loop 101.
The JLL team representing the seller was led by Brad Miner and Jason Carlos.
- ◦Financing
