NorthMarq Capital arranges $9.72 million acquisition financing for Eastport Industrial Park Buildings I & III in Houston, Texas
Eastport Industrial Park Buildings I & III
BOSTON (August 1, 2014) – James Murphy, managing director of NorthMarq Capital’s Boston based regional office secured $9.72 million in acquisition financing for Eastport Industrial Park Buildings I & III, two industrial properties consisting of a combined 366,595 sq.ft. located at 8979-8999 and 8901-8919 Market Street, Houston, Texas. The commercial mortgage transaction was structured with a 5-year term with 1-year interest only and 30-year amortization schedule. NorthMarq arranged financing for the borrower, High Street Realty Company through its correspondent relationship with Great-West Life & Annuity Company. “We were pleased to be able to once again continue our long standing relationship with High Street,” said Murphy. “While many of our lending relationships are looking for industrial product to finance, Great-West continues to be able to provide the competitive terms and flexibility sought after by our clients.”
About Northmarq
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.
