Retail - Debt

NorthMarq Capital’s Phoenix office arranges $1.25 million refinance of Cooper Plaza in Gilbert, Arizona

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. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.