Commercial Observer: Peachtree Refis Arizona Industrial Development With $52M Loan

Nisu Mehta

SVP CRE, Credit

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**_{Peachtree Group's Nisu Mehta and a rendering of The Block on Elliot project in Mesa, Ariz.}**

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Commercial Observer | Shopoff Realty Investments has sealed a $52 million loan to refinance a newly built industrial project in suburban Phoenix, Commercial Observer has learned.

Peachtree Group originated the bridge loan for Shoproff’s planned 270-acre The Block at Elliot development at the intersection of East Elliot Road and South Sossaman Road in Mesa, Ariz.

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