Gantry Secures $38M Loan for Refinancing of 224,000 SF Shopping Center in Metro Phoenix

Why this matters

Gantry’s refinancing of a sizable regional power center in the Phoenix metro underscores ongoing lender willingness to support retail assets that maintain critical scale and tenant diversity. The $38 million permanent loan signals that, despite well-documented challenges in the retail sector, institutional capital remains accessible for stabilized shopping centers in growth markets. Phoenix’s demographic expansion and relative economic resilience continue to underpin investor interest, even as broader retail fundamentals face pressure from e-commerce and shifting consumer behavior. This transaction suggests lenders are differentiating within retail, favoring assets with strong tenant lineups and strategic locations over smaller or more vulnerable properties. The ability to refinance maturing debt at scale also reflects a degree of confidence in the center’s income stability and market positioning. For allocators and capital markets professionals, this deal highlights the nuanced bifurcation in retail credit availability: while risk-averse capital may be retreating from weaker retail segments, well-leased power centers in expanding metros can still secure financing on institutional terms. It also signals that capital recycling through refinancing remains an active strategy for retail owners seeking to extend hold periods amid ongoing sector volatility.

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On the RET wire

• The 30th Phoenix story tracked on the wire in June 2026. All Phoenix coverage →
• Disclosed retail deal value tracked in June 2026: $11.4B across 102 reported transactions. All Retail coverage →

Computed from Real Estate Trail’s own tracked coverage

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