NorthMarq’s Austin office arranges $2.35 million in acquisition financing for Conroe Plaza in Conroe, Texas
AUSTIN, TEXAS (April 9, 2020) – Chase Johnson, vice president of NorthMarq’s Austin office, secured acquisition financing of $2.25 million for Conroe Plaza. The 9,440 sq. ft. retail property is located at 3846 West Davis Street in Conroe, Texas (Houston MSA). NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company. Tenants include a fitness center, a dentist office, a beauty salon and an AT&T retail store.
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.
