Industrial - Debt

NorthMarq Capital's Boston office arranged $14.25 million mortgage for industrial portfolio in Edison, NJ

BOSTON (July 18, 2013) – James M. Murphy, managing director of NorthMarq’s Boston regional office, arranged first mortgage refinancing of $14.25 million for an industrial portfolio in Edison, New Jersey. The properties are located at 300 Columbus Circle and 400 Raritan Center and contain a total of 204,440 sq. ft. of industrial space. Financing was based on a 5-year term and a 25-year amortization schedule. NorthMarq arranged this financing for the borrower, High Street Equity, through its relationship with a correspondent life company lender. “This transaction was a full-leveraged financing with a flexible prepayment structure and allowable partial releases,” Murphy said. “We were pleased to continue our relationship with both the lender and borrower in the funding of this loan.”

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.