Haagen Co. Secures $29.2 Million Refinancing for Goodyear Centerpointe

Haagen Company is pleased to announce the successful refinancing of Goodyear Centerpointe, a premier 320,000-square-foot retail power center in Goodyear, Arizona. The $29.2 million permanent loan was secured by Gantry, through a life insurance company, offering a 20-year fixed-rate loan with a 20-year amortization and a prepayment stepdown after 10 years.

Haagen Co. initially acquired Goodyear Centerpointe for $44.2 million in 2014, with financing support from RGA Reinsurance Co., which provided a $28.9 million acquisition loan. The center, completed in 2007, spans approximately 31 acres and features seven buildings, including an inline anchor building, two out-parcel buildings, and several free-standing pad sites.

The retail center hosts a diverse mix of tenants, including Conn’s Appliances, EOS Fitness, Urban Air, Hobby Lobby, Turner’s Outdoorsman, Goodwill Industries, Eyeglass World, Olive Garden, Red Lobster, and Texas Roadhouse. Located at 15277-15475 W. McDowell Road in the West Valley suburb, Goodyear Centerpointe offers convenient access to downtown Phoenix via Interstate 10 and is situated across from the Market at Estrella Falls shopping mall.

The refinancing deal was brokered by Gantry Principals Braden Turnbull and Patrick Barkley, along with Senior Associate Chad Metzger and Associate Alicia Sabanero, who worked diligently on behalf of the borrower.

This refinancing positions Haagen Co. for continued growth and success, ensuring that Goodyear Centerpointe remains a vibrant and integral part of the Goodyear community.