Vestar Development, with New York-based Rockwood Capital, has originated a $50 million, 5-year loan from Wells Fargo for its acquisition of The District at Green Valley Ranch. Vestar and Rockwood closed escrow on the 384,107-square-foot Henderson complex on October 21. The 4.4% fixed-rate loan is the first mortgage in the purchase of the 7-year-old mixed-use development, on 37.56 acres, at 2240 Village Walk Drive. Vestar and Rockwood paid $79.3 million, or $206 per square foot, for The District at Green Valley Ranch.District at GVR Owners Acquire Loan
Vestar Development, with New York-based Rockwood Capital, has originated a $50 million, 5-year loan from Wells Fargo for its acquisition of The District at Green Valley Ranch. Vestar and Rockwood closed escrow on the 384,107-square-foot Henderson complex on October 21. The 4.4% fixed-rate loan is the first mortgage in the purchase of the 7-year-old mixed-use development, on 37.56 acres, at 2240 Village Walk Drive. Vestar and Rockwood paid $79.3 million, or $206 per square foot, for The District at Green Valley Ranch.
