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