Northmarq negotiates acquisition financing of $37.82 million ConAgra Brands Distribution Center in St. Elmo, Illinois
ConAgra Distribution Center
WASHINGTON, D.C. (June 20, 2022) – Gary McGlynn, senior vice president/managing director and Ken Gentzel, senior vice president/managing director of Northmarq’s Washington, D.C. debt/equity team, arranged acquisition financing of $37.82 million for ConAgra Brands Distribution Center. The 755,160 sq. ft. industrial/distribution center (built in 2019) is located at 1010 Brewbaker Drive in St. Elmo, Illinois. The transaction was structured with a 10-year term with 3-years of interest only followed by a 25-year amortization schedule. Northmarq secured the permanent-fixed loan for the borrower through its relationship with a bridge/mezzanine lender.
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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.
