NorthMarq Capital’s Boston office arranges acquisition financing of $44 million for industrial portfolio in Illinois

Industrial Portfolio
Boston Industrial Portfolio_web cropt
BOSTON (March 15, 2018) – Michael Chase, senior vice president and Eric Raiche, investment analyst at NorthMarq Capital’s Boston regional office, arranged acquisition financing of $44 million for a collection of ten industrial properties totaling a 1,101,426 sq. ft. located throughout Lake and DuPage Counties. The portfolio had previously been a long-term investment of John Hancock’s. The transaction included a long-term fixed rate with interest only for the full loan term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “The portfolio is concentrated in two primary infill submarkets within Chicago with historic resiliency, high barriers to entry and strong demand from a diverse array of industries,” noted Chase. “We were pleased to be able to deliver on the needs of a long-time client and be able to provide a high certainty of execution during a compressed closing timeframe.”

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:

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