Retail (MT)
Debt & Equity

NorthMarq Capital’s Washington, DC office arranges permanent financing of $12,275,000 for retail property in La Verne, California

WASHINGTON, D.C. (November 15, 2017) – NorthMarq Capital’s Washington, D.C. regional office arranged permanent financing of $12,275,000 for a 64,522 sq. ft. grocery-anchored shopping center. The property is proximate to the highly trafficked Foothill Freeway and is located along the Foothill Boulevard corridor, part of historic Route 66 in the community of La Verne in Los Angeles County, California. The property’s major tenants include Sprouts Famers Market (30,046 sq. ft.) and Bank of America (9,520 sq. ft.).

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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

14001bc4-cbff-430a-9d8b-260a6705c6dd
Retail Property
Debt
$12,275,000