Retail (MT)
Debt & Equity

NorthMarq Capital secures acquisition financing of $3.67 million for retail property in King, North Carolina

RALEIGH (September 22, 2015) – David Vinson, vice president of NorthMarq Capital’s Raleigh office, arranged acquisition financing of $3,672,500 for Colony Center, an 84,069 sq. ft. retail property located at 705-745 South Main Street in King, North Carolina. NorthMarq arranged financing for the borrower through its relationship with a correspondent life insurance company. Food Lion, Family Dollar and Badcock Furniture represent the property’s major tenants.

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.

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Colony Center
Debt
$3,670,000