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