May 30, 2014

NorthMarq Capital arranges $17 million refinance of Chelmsford, Massachusetts mall

Chelmsford Mall

Debt & Equity

Multi-Tenant

BOSTON (May 23, 2014) – John A. Sullivan, senior vice president of NorthMarq Capital’s Boston based regional office secured the $17 million refinance of the Chelmsford Mall, a 223,977 sq.ft. retail property located at 265 Chelmsford Street, Chelmsford, Massachusetts. The transaction was structured with a 10-year term and 25-year amortization schedule. Major tenants of the property include: Kohl’s, Michael’s Stores, Gym World, PetSmart and Staples. Additional capital was provided for future improvements on the site. “We appreciate the opportunity to continue our strong relationship with one of the premier owner operators in the market,” said Sullivan. “The lender was impressed with the location, asset quality and strong management of the borrower, which was evident in their competitive rates and terms.”

Available Retail (MT) properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.