Northmarq negotiates acquisition financing of $37.82 million ConAgra Brands Distribution Center in St. Elmo, Illinois
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 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.
