Industrial - Debt

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. 

Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.