NorthMarq Capital’s Las Vegas office secures $26 million refinance of Desert Marketplace
Desert Marketplace
LAS VEGAS (February 22, 2016) – Scott Monroe, senior vice president of NorthMarq Capital’s Las Vegas regional office finalized the $26 million refinance of Desert Marketplace, a 251,785 sq. ft. mixed-use property located at 8205-8595 West Warm Springs Road in Las Vegas, Nevada. The transaction was structured with a 3-year interest-only term with two one-year extensions. Desert Marketplace consists of six buildings that were built between 2006 and 2009. The property is situated on land that is ground leased from Clark County Nevada Department of Aviation. Major tenants include: Walgreens, TJ Maxx, Glazier’s Food Marketplace, Petco, and Big 5.
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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.
