Northmarq’s Debt + Equity team secures $45.6M refinance for grocery-anchored retail center in Omaha, NE

OMAHA, Neb.— Northmarq’s San Diego Debt + Equity team of Aaron Beck and Conor Freeman arranged $45.6 million in financing for Eagle Run, a 391,716-square-foot grocery‑anchored retail center located in Omaha, Nebraska.

Northmarq secured the loan on behalf of the borrower through a life insurance company. The transaction was structured with a 10-year term.

“Through a highly competitive process, we secured a financing solution that reflected the strength of the asset and sponsorship,” said Freeman. “In a market where structure often matters as much as pricing, the loan features five years of interest-only payments, flexible prepayment, and limited lease constraints, aligning well with the borrower’s long-term strategy.  All of this was secured at a sub-6% interest rate with loan proceeds in excess of 65% loan-to-value,” added Beck.

Eagle Run is a 100% leased, grocery‑anchored center positioned at the high‑traffic intersection of 132nd Street and West Maple Road, in Northwest Omaha’s busiest retail corridors. Built between 1993 and 1999, the center spans 43.72 acres and is anchored by one of the dominant grocers in the region, Baker’s Supermarket (Kroger’s).

The center features a highly stable tenant mix with 27 national and local retailers, including TJ Maxx, Burlington, HomeGoods, Kohl’s, Petco, Office Depot, Sierra Trading Post, ULTA Beauty, Famous Footwear and Buffalo Wild Wings. Several retailers have occupied space for over 20 to 30 years, highlighting the property’s long-term performance and tenant loyalty.