PHOENIX – James DuMars, managing director/senior vice president of NorthMarq Capital’s Phoenix-based regional office arranged the $1.25 million refinance of Cooper Plaza, a 13,336 sq. ft. retail property located at 78 North Cooper Road in Gilbert, Arizona. The loan was structured with a 10-year interest-only term.
NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Blimpies Sub Sandwiches, Cooper Dentistry, Zynergy Wellness Salon and DePalma’s Martial Arts represent the property’s major tenants.