NorthMarq’s Salt Lake City office negotiates $67 million refinance of Cornerstone office property in Cottonwood Heights, Utah
Cornerstone Office Property
SALT LAKE CITY, UTAH (May 1, 2019) – John Bradshaw, senior vice president/managing director, Dale Christensen, vice president and Larry Pinnock, vice president of NorthMarq’s Salt Lake City-based regional office, secured the $67 million refinance of Cornerstone, a 271,889 sq. ft. office property located at 2750 East Cottonwood Parkway in Cottonwood Heights, Utah. NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
