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 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.
