PHILADELPHIA (June 20, 2013) – Phil Deeter, senior vice president and managing director of NorthMarq’s Philadelphia regional office, arranged first mortgage refinancing of $15.75 million for Fredericktowne Crossing, an 88,418 sq. ft. retail center located in Stephens City, Virginia. Martin’s, a regional grocery chain, is the major tenant at the site. Financing was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a CMBS lender.
Retail -
Debt
