NorthMarq Capital arranges $2.7 million acquisition of The Fountain Office Building in Liberty, Missouri
The Fountain Office Building
DENVER (December 4, 2013) – Stephen Bye, executive vice president, and Dale Stewart, vice president of NorthMarq’s Denver regional office arranged acquisition financing of $2.7 million for The Fountain Office Building, a 26,160 sq.ft. office building located at 700 South, Hwy. 291, Liberty, Missouri. Financing for the transaction was structured with a 10-year term and 25-year amortization rate. NorthMarq arranged financing for the borrower, Pedersen Development Company, through its relationship with a regional bank. The property, located only 12 miles northeast of downtown Kansas City is 100% leased “and is occupied by two strong credit tenants,” said Bye.
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.
