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Irving, Texas — Gantry has arranged a $10 million permanent loan to refinance Metroplex Plaza, a 105,000-square-foot, grocery-anchored retail center located in Irving. Mark Ritchie and Austin Ridge of Gantry secured the 10-year, fixed-rate loan through one of Gantry’s life insurance lenders, which features a 30-year amortization schedule. Gantry will service the loan.
Metroplex Plaza has recently completed a repositioning centered around the opening of a new Joe V’s Smart Shop location, an HEB low-price grocery store concept. Additional tenants at the property include a mix of restaurant and service-based tenants such as Papa John’s Pizza, Sally Beauty Supply, Rent-A-Car, Barber Stylist Academy and Genghis Donuts.