NorthMarq Capital arranges two office transactions totaling $35 million
Alcoa Exchange & Shadelands Storage
SAN FRANCISCO (February 18, 2014) Dennis Williams, managing director and Brian Esquivel, assistant vice president of NorthMarq Capital’s San Francisco-based regional office, arranged two transactions with a CMBS lender, totaling $35 million for Shadelands Storage and Alcoa Exchange Retail Center. - Shadelands Storage, a 1,199 unit self-storage property is located at 1925 Oak Grove Road in Walnut Creek, California. The refinance totaled $19.2 million and was structured with a 10-year term and 30-year amortization schedule with 3-years interest only. “The lender provided a quick and efficient refinance with attractive terms for this stabilized class "A" asset,” said Williams. - Alcoa Exchange is a 134,500 sq.ft. retail property located in Bryant, Arkansas that is shadow anchored by Target and Kohl’s. The $15.8 million acquisition loan was structured as a 10-year interest only loan for the borrower. “The lender provided very strong acquisition financing under a tight timeframe for this retail center,” said Williams.
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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.
