NorthMarq Capital finalizes $19.5 million refinance of Loop 101 and Commerceplex Phase II in Tolleson, Arizona
Commerceplex Phase II
PHOENIX – James DuMars, managing director/senior vice president of NorthMarq Capital’s Phoenix-based regional office, and Michael Elmore, managing director/executive vice president of NorthMarq Capital’s Los Angeles-based regional office, collaborated to arranged the $19.5 million refinance of Loop 101 and I-10 Commerceplex Phase II, a 398,098 sq. ft. industrial warehouse property located at 407 South 107th Avenue in Tolleson, Arizona. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. CHEP USA and UPS represent the property’s major tenants.
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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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
