PHOENIX, Ariz. (March 5, 2026) — Gantry, the nation’s largest independent commercial mortgage banking firm, has arranged $21.4 million in financing tied to the continued buildout of Park 10, a master-planned retail development in Avondale, including an $8 million permanent loan to refinance a single-tenant Main Event property and a $13.4 million construction loan for the project’s newest multi-tenant phase.
The $8 million permanent loan refinances maturing debt secured by a 58,000-square-foot freestanding building occupied by Main Event, an experiential family entertainment venue featuring bowling, laser tag, an obstacle course, and interactive games and attractions. Gantry Principal Adam Parker, Senior Associate Chad Metzger, and Associate Andrew Christopherson of the firm’s Phoenix production office represented the borrower, a private real estate investor. The five-year, fixed-rate loan was provided by an insurance company lender from Gantry’s correspondent network and includes a 20-year amortization schedule. Gantry will service the loan on behalf of the lender.
“Gantry originated the original permanent construction takeout financing for this asset 10 years ago, providing us with deep familiarity with the property and its performance,” Parker said. He added that strong site-level sales, experienced sponsorship, and favorable local retail fundamentals supported lender confidence and enabled a fixed-rate structure with no loan covenants, while ongoing insurance company demand allowed Gantry to structure the transaction as a cash-out refinance.
In a separate transaction, Gantry secured a $13.4 million construction loan to support the next phase of development at Park 10. Loan proceeds will fund the construction of three multi-tenant retail buildings totaling approximately 27,700 square feet, along with related carry costs. Gantry’s Parker, Metzger, and Christopherson also represented the borrower on this financing. The floating-rate construction loan was provided by a regional bank from Gantry’s vetted lender network, with terms structured to maximize sponsor proceeds and provide flexibility for extension.
“Strong retail fundamentals in the Avondale market support the continued buildout at Park 10,” Parker said, noting Gantry worked closely with the sponsor on development and capital strategy to identify a lender aligned with the project’s timing and execution plan. He added the team navigated underwriting complexities to structure a solution that maximized loan proceeds for the sponsor.
Park 10 is located in Avondale, a growing West Valley suburb of the Phoenix metropolitan area, where the development continues to add new retail inventory alongside destination users such as Main Event.