Northmarq’s Debt + Equity team arranges $11.7M acquisition financing of Henderson Pointe anchored center
HENDERSON, N.C.— Northmarq’s Atlanta Debt + Equity team led by Josh Darby, Drew Markley and Van Glosson, in conjunction with Northmarq’s Institutional Equity Advisors team led by Joel Heikenfeld and Charlie Rimkus, successfully arranged the $11.7 million acquisition financing of Henderson Pointe, a 158,134-sq.-ft. Food Lion-anchored retail center located at 1263 Dabney Dr. in Henderson, North Carolina.
Northmarq arranged the financing on behalf of the borrower, Four Front Real Estate Partners, through a relationship with Seacoast Bank. The non-recourse transaction was structured with a five-year, interest-only term and a fixed interest rate.
“This financing represented a compelling opportunity to align an institutional client actively acquiring grocery-anchored retail assets throughout the Southeast with a lender seeking to expand its lending portfolio in those markets,” Darby said. “Both Four Front and Seacoast were attracted to the property's strong fundamentals, including 100% occupancy, recent renovations, and its position as the dominant retail asset in the market. When combined with the favorable dynamics of the overall retail sector, the end result was a successful outcome for all parties involved.”
“This partnership underscores Seacoast Bank’s strategic expansion into the Southeast and our focus on delivering sophisticated, relationship-driven solutions to experienced sponsors,” said Austen Carroll, EVP, Chief Lending Officer of Seacoast Bank. “North Carolina’s strong growth trajectory presents compelling opportunities, and we look forward to further strengthening our presence by providing disciplined, flexible capital to high-quality partners.”
Built in 1996, Henderson Pointe is a high-volume shopping center along the highly-trafficked Dabney Drive retail corridor that underwent a significant renovation and repositioning in 2023 and 2024. It is grocery-anchored by Food Lion and features regional and national brands including Burlington, Ross Dress for Less, Five Below and Harbor Freight Tools.
The retail facility is conveniently located near dining options, coffee shops and fitness facilities with easy access to Interstate 85 and close proximity to U.S. Highways 1 and 158.
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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 $80 billion and has completed $91.3 billion in transactions over the past fours years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
