Tacoma, Wash. — Gantry has arranged a $21.4 million mortgage for the financing of James Center, a 140,240-square-foot retail center located in Tacoma. The loan, which carries a fixed-rate 10-year term with a 30-year amortization schedule, was funded by a life insurance company. Gantry will service the loan. The property was purchased by a partnership affiliate of Bellevue, Washington-based Rosen Harbottle Commercial Real Estate.
Situated on roughly 16 acres, James Center is grocery-anchored by Fred Meyer. Additional tenants at the center include Rite Aid, U.S. Bank, IHOP, Taco Bell, MultiCare Health System and FedEx…