NorthMarq Capital’s Phoenix office arranges $2.25 million refinance of Glenfair Plaza in Glendale, Arizona
PHOENIX – James DuMars, managing director/senior vice president of NorthMarq Capital’s Phoenix-based regional office arranged the $2.25 million refinance of Glenfair Plaza, a 83,501 sq. ft. retail property located at 6020-6052 North 59th Avenue in Glendale, Arizona. The loan was structured with a 10-year interest-only term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Food City Grocery store represents the property’s major tenant.
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