ORIX Real Estate Americas announced the closing of a $12.96 million construction loan that will be used to build a 100,986-square-foot neighborhood retail development in suburban Tucson. The developer plans for the project to offer a diverse tenant mix with many national retailers, including TJ Maxx, HomeGoods, Dollar Tree and Ross Dress for Less.
“Arizona Pavilions II is the perfect complement to the successful retail offerings at the prior phase and nearby developments,” said Allison Eidson, Director of Real Estate Lending and Acquisitions for ORIX Real Estate Americas. “We are confident that the center will serve as a community destination for many years to come.”
Eidson added, “ORIX Real Estate Americas is dedicated to providing creative capital solutions to experienced developers and operators. Our seasoned real estate professionals can originate loans on a wide variety of property types and offer construction and bridge financing.”