Contour JV Obtains $99M Loan for Phoenix-Area Project – Commercial Property Executive

A joint venture led by contourof Costa Mesa, Calif., has received $99 million in construction financing for the five-building first phase of the Sossaman Park 202 industrial campus in Mesa, Ariz. JLL arranged the financing on behalf of the borrower.

The four-year, floating-rate loan for the 828,718-square-foot development was provided by Pacific Western Bank.

The 108.9-acre site is at the southwest corner of Sossaman Road and Warner Road in the Phoenix submarket of Chandler North/Gilbert.

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