Office - Debt

NorthMarq Capital

NorthMarq Capital’s Atlanta office arranges acquisition/financing of the $25 million purchase of a General Electric Company occupied office building

ATLANTA (February 6, 2018) – Will James, vice president of NorthMarq Capital’s Atlanta regional office arranged the acquisition and financing of the $25 million purchase of a 191,500 sq. ft. class A office building located at 1990 NASA Boulevard in Melbourne, Florida that is occupied by General Electric Company. NorthMarq arranged financing through a CMBS platform for the borrower, Dallas, Texas based Reserve Cap Partners. Greg Seitz, a partner with RCP further explained that “Two of General Electric Company’s divisions occupy the building which serve as ‘mission critical’ operations for the tenant, GE.” In addition, “NorthMarq Capital represented RCP as its buyer agent on behalf of the seller, as well as arranged 65 percent LTC, 10-years interest only financing,” explained James.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $55 billion and the multi-year tenure of our more than 500 people.