February 13, 2015

NorthMarq Capital arranges $13 million refinance of 19th & Pinnacle Peak Commerceplex in Phoenix, Arizona

19th & Pinnacle Peak

Debt & Equity

Multi-Tenant

PHOENIX – James DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix based office and Michael Elmore, executive vice president/managing director of NorthMarq Capital’s Los Angeles based office arranged refinancing of $13 million for 19th & Pinnacle Peak Commerceplex – Phase II, a 186,286 sq.ft. warehouse/distribution center located at 23610 and 23620 North 20th Drive in Phoenix, Arizona. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with Thrivent Financial. “This is a 20 year relationship. The lender was flexible in providing the repeat borrower with a competitive long term fixed interest rate and substantial cash flow for reinvestment from loan proceeds. After a record 2014, Thrivent is actively seeking additional lending opportunities on industrial and office properties,” said DuMars.

Available Industrial properties

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.