KeyBank Provides $35.3 Million Acquisition Loan for Retail Center in Arizona

Burlington, TJ Maxx, HomeGoods and C-A-L Ranch Stores anchor Market at Estrella Falls, a 292,034-square-foot shopping center in Goodyear, Arizona. Burlington, TJ Maxx, HomeGoods and C-A-L Ranch Stores anchor Market at Estrella Falls, a 292,034-square-foot shopping center in Goodyear, Arizona.

Goodyear, Ariz. — KeyBank Real Estate Capital has provided a $35.3 million acquisition loan for Market at Estrella Falls, a 292,034-square-foot retail center in Goodyear.

Jacob Proctor of Key’s Commercial Mortgage Group arranged the 10-year, fixed-rate financing with two years of interest-only payments and a 30-year amortization schedule on behalf of the undisclosed borrower. The sale also included an adjacent vacant lot for future development. Burlington, TJ Maxx, HomeGoods and C-A-L Ranch Stores anchor the Market at Estrella Falls.

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