NorthMarq Capital arranges $5.2 million in joint venture capital for Boston area building
397 Williams St.
DENVER (May 12, 2014) – Stephen P. Bye, executive vice president, Paul T. Luber, vice president and Mark Lindgren, investment analyst arranged joint venture capital of $5.2 million for a vacant office building located at 397 Williams St. in Marlborough, Massachusetts. NorthMarq arranged the capital for the borrower, a Boston-based investment client, through its relationship with a correspondent life company. Constructed in 1985, the two-story office facility contains approximately 130,000 square feet. The building offers optimum divisibility for 50,000-60,000 square feet users as well as unique corporate amenities including: full-service cafeteria, several conference facilities and locker rooms. The structure features unique power equipment with 4,000 amps, 480 volts, 3-phase 4 wire power system, as well as a backup diesel-powered generator. The site consists of 18.82 acres with 630 surface parking spaces that can be expanded.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
