Arranged $12 Million Mortgage for Alderman Plaza in Palm Harbor, Florida
Alderman Plaza
MIAMI (April 8, 2013) – Bill Johnson , svp/managing director of NorthMarq’s Miami regional office arranged first mortgage refinancing of $12 million for Alderman Plaza, a 93,487 sq. ft. retail center located at 35110 US Highway 19 North in Palm Harbor, Florida. The center is anchored by LA Fitness. Financing was based on 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a CMBS lender.
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.
