PHOENIX – James DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix based regional office secured acquisition financing of $41 million for Campus Marketplace, a 144,287 sq.ft. retail property located at 300-380 S. Twin Oaks Valley Road in San Marcos, California. NorthMarq arranged financing for the borrower through a CMBS lender. Major tenants include Ralph’s and CVS.
“Goldman Sachs offered an exceptional execution. This is yet another successful transaction in the continuation of a long term repeat relationship,” said DuMars. “The transaction went smoothly because the teams (lender and borrower) know each other very well and have completed similar transactions together in the past. Finally, the real estate is of exceptional quality.”