Retail - Debt

Arranged $12 Million Mortgage for Alderman Plaza in Palm Harbor, Florida

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.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.