NorthMarq’s Austin office completes acquisition financing of $5 million for industrial-flex property in Round Rock, Texas
AUSTIN, TEXAS (April 22, 2021) – Chase Johnson, vice president of NorthMarq’s Austin office arranged acquisition financing of $5,000,000 for 1700 Royston Lane in Round Rock, Texas. The two-tenant industrial flex space consists of 38,024 sq. ft. It is 100 percent occupied by two world class medical and diagnostic laboratories, including Curative, a company focused on scalable COVID-19 testing and vaccinations. The transaction was structured on a 25-year amortization schedule. Johnson negotiated the permanent financing for the borrower, a private investor, through its correspondent relationship with StanCorp Mortgage Investors, a life company lender.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
