{"id":1004719549,"date":"2024-07-01T06:50:48","date_gmt":"2024-07-01T14:50:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004719549"},"modified":"2024-07-01T06:50:50","modified_gmt":"2024-07-01T14:50:50","slug":"haagen-lands-refi-for-phoenix-retail-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/haagen-lands-refi-for-phoenix-retail-asset\/","title":{"rendered":"Haagen Lands Refi for Phoenix Retail Asset"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/goodyear-centerpointe-e1719830236983.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"416\" height=\"312\" data-attachment-id=\"1004719551\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/haagen-lands-refi-for-phoenix-retail-asset\/goodyear-centerpointe\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/goodyear-centerpointe-e1719830236983.jpg\" data-orig-size=\"416,312\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"goodyear centerpointe\" data-image-description=\"&lt;p&gt;Goodyear Centerpointe spreads on some 31 acres. Image courtesy of Gantry&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Goodyear Centerpointe spreads on some 31 acres. Image courtesy of Gantry&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/goodyear-centerpointe-e1719830236983.jpg?w=416\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/goodyear-centerpointe-e1719830236983.jpg\" alt=\"goodyear centerpointe\" class=\"wp-image-1004719551\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/goodyear-centerpointe-e1719830236983.jpg 416w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/goodyear-centerpointe-e1719830236983.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 416px) 100vw, 416px\" \/><\/a><figcaption class=\"wp-element-caption\">Goodyear Centerpointe spreads on some 31 acres. <em>Image courtesy of Gantry<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Haagen Co. has received a $29.2 million permanent loan to refinance Goodyear Centerpointe, a 320,000-square-foot retail power center in Goodyear, Ariz. <\/p>\n\n\n\n<p>Gantry secured the 20-year, fixed-rate loan through a life insurance company. The note carries a 20-year amortization and a prepayment stepdown after 10 years.<\/p>\n\n\n\n<p>Haagen purchased the retail center for $44.2 million back in 2014, according to CommercialEdge data. RGA Reinsurance Co. provided a $28.9 million acquisition loan.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/coffee-auto-discount-retailers-in-growth-mode\/\">Coffee, Auto, Discount Retailers in Growth Mode<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>Completed in 2007 on some 31 acres, Goodyear Centerpointe incorporates seven buildings and features an inline anchor building, two out-parcel buildings and a series of free-standing pad sites. Its tenant roster includes a diverse mix of retailers such as Conn\u2019s Appliances, EOS Fitness, Urban Air, Hobby Lobby, Turner\u2019s Outdoorsman, Goodwill Industries, Eyeglass World, Olive Garden, Red Lobster and Texas Roadhouse, among others.<\/p>\n\n\n\n<p>Located at 15277-15475 W. McDowell Road, in the West Valley suburb, Goodyear Centerpointe is just north of Interstate 10, which provides direct access to downtown Phoenix. The property is across from the Market at Estrella Falls shopping mall. <\/p>\n\n\n\n<p>Gantry Principals Braden Turnbull and Patrick Barkley, Senior Associate Chad Metzger and Associate Alicia Sabanero brokered the deal, working on behalf of the borrower.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-phoenix-s-retail-scene\">Phoenix&#8217;s retail scene<\/h2>\n\n\n\n<p>The West Valley suburbs&#8217; strong fundamentals continue to generate retail performance, Barkley said in a prepared statement. As a consequence, a variety of lenders direct investments toward this asset class across the Phoenix metro.<\/p>\n\n\n\n<p>The Valley has recorded approximately 3 million square feet of retail space under construction in the first quarter of this year, according to a recent Kidder Mathews report. The vacancy rate clocked in at 4.6 percent, while the average asking rents price stood at $1.53 per square foot.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gantry secured the 20-year, fixed-rate loan.<\/p>\n","protected":false},"author":3014,"featured_media":1004719551,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37753,21742,1601,21749,15],"tags":[51763],"class_list":["post-1004719549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-center-finance","category-latest","category-phoenix","category-retail","category-west","tag-gantry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Haagen Lands Refi for Phoenix Retail Asset - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Haagen Co. has received a $29.2 million permanent loan to refinance Goodyear Centerpointe, a retail power center in Goodyear, Ariz.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/haagen-lands-refi-for-phoenix-retail-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Haagen Lands Refi for Phoenix Retail Asset\" \/>\n<meta property=\"og:description\" content=\"Haagen Co. has received a $29.2 million permanent loan to refinance Goodyear Centerpointe, a retail power center in Goodyear, Ariz.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/haagen-lands-refi-for-phoenix-retail-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-01T14:50:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-01T14:50:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/goodyear-centerpointe-e1719830236983.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"416\" \/>\n\t<meta property=\"og:image:height\" content=\"312\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Diana Firtea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/haagen-lands-refi-for-phoenix-retail-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/haagen-lands-refi-for-phoenix-retail-asset\/\",\"name\":\"Haagen Lands Refi for Phoenix Retail Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/haagen-lands-refi-for-phoenix-retail-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/haagen-lands-refi-for-phoenix-retail-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/goodyear-centerpointe-e1719830236983.jpg\",\"datePublished\":\"2024-07-01T14:50:48+00:00\",\"dateModified\":\"2024-07-01T14:50:50+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\"},\"description\":\"Haagen Co. has received a $29.2 million permanent loan to refinance Goodyear Centerpointe, a retail power center in Goodyear, Ariz.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/haagen-lands-refi-for-phoenix-retail-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/haagen-lands-refi-for-phoenix-retail-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/haagen-lands-refi-for-phoenix-retail-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/goodyear-centerpointe-e1719830236983.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/goodyear-centerpointe-e1719830236983.jpg\",\"width\":416,\"height\":312,\"caption\":\"Goodyear Centerpointe spreads on some 31 acres. Image courtesy of Gantry\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/haagen-lands-refi-for-phoenix-retail-asset\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Haagen Lands Refi for Phoenix Retail Asset\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\",\"name\":\"Diana Firtea\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96\",\"caption\":\"Diana Firtea\"},\"description\":\"Diana Firtea is an associate editor with Commercial Property Executive and Multi-Housing News. She has been with the company for almost four years and joined the CPE-MHN team in 2022. Diana writes stories on different topics, mainly focusing on the affordable, senior, office and retail markets. You can reach out to her at diana.firtea@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/diana-firtea\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Haagen Lands Refi for Phoenix Retail Asset - Commercial Property Executive","description":"Haagen Co. has received a $29.2 million permanent loan to refinance Goodyear Centerpointe, a retail power center in Goodyear, Ariz.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/haagen-lands-refi-for-phoenix-retail-asset\/","og_locale":"en_US","og_type":"article","og_title":"Haagen Lands Refi for Phoenix Retail Asset","og_description":"Haagen Co. has received a $29.2 million permanent loan to refinance Goodyear Centerpointe, a retail power center in Goodyear, Ariz.","og_url":"https:\/\/www.commercialsearch.com\/news\/haagen-lands-refi-for-phoenix-retail-asset\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-07-01T14:50:48+00:00","article_modified_time":"2024-07-01T14:50:50+00:00","og_image":[{"width":416,"height":312,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/goodyear-centerpointe-e1719830236983.jpg","type":"image\/jpeg"}],"author":"Diana Firtea","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/haagen-lands-refi-for-phoenix-retail-asset\/","url":"https:\/\/www.commercialsearch.com\/news\/haagen-lands-refi-for-phoenix-retail-asset\/","name":"Haagen Lands Refi for Phoenix Retail Asset - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/haagen-lands-refi-for-phoenix-retail-asset\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/haagen-lands-refi-for-phoenix-retail-asset\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/goodyear-centerpointe-e1719830236983.jpg","datePublished":"2024-07-01T14:50:48+00:00","dateModified":"2024-07-01T14:50:50+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59"},"description":"Haagen Co. has received a $29.2 million permanent loan to refinance Goodyear Centerpointe, a retail power center in Goodyear, Ariz.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/haagen-lands-refi-for-phoenix-retail-asset\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/haagen-lands-refi-for-phoenix-retail-asset\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/haagen-lands-refi-for-phoenix-retail-asset\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/goodyear-centerpointe-e1719830236983.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/goodyear-centerpointe-e1719830236983.jpg","width":416,"height":312,"caption":"Goodyear Centerpointe spreads on some 31 acres. Image courtesy of Gantry"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/haagen-lands-refi-for-phoenix-retail-asset\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Haagen Lands Refi for Phoenix Retail Asset"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59","name":"Diana Firtea","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96","caption":"Diana Firtea"},"description":"Diana Firtea is an associate editor with Commercial Property Executive and Multi-Housing News. She has been with the company for almost four years and joined the CPE-MHN team in 2022. Diana writes stories on different topics, mainly focusing on the affordable, senior, office and retail markets. You can reach out to her at diana.firtea@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/diana-firtea\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/goodyear-centerpointe-e1719830236983.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004719549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3014"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004719549"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004719549\/revisions"}],"predecessor-version":[{"id":1004719619,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004719549\/revisions\/1004719619"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004719551"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004719549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004719549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004719549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}