NorthMarq’s Salt Lake City office negotiates $67 million refinance of Cornerstone office property in Cottonwood Heights, Utah
SALT LAKE CITY, UTAH (May 1, 2019) – John Bradshaw, senior vice president/managing director, Dale Christensen, vice president and Larry Pinnock, vice president of NorthMarq’s Salt Lake City-based regional office, secured the $67 million refinance of Cornerstone, a 271,889 sq. ft. office property located at 2750 East Cottonwood Parkway in Cottonwood Heights, Utah. NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company.
Meet our team
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.
