Retail - Debt

NorthMarq secures $33.2 million refinance of Breckenridge Shopping Center in Chester, Virginia

RALEIGH, NORTH CAROLINA (February 25, 2019) – David Vinson, vice president of NorthMarq’s Raleigh regional office arranged the $33.2 million refinance of Breckenridge Shopping Center. The 306,326 sq. ft. retail property is located in Chester, Virginia. NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company. The property anchors include: Kroger, TJ Maxx/Home Goods, PetSmart, Ross Dress for Less, Ulta and Kohl’s. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.