NorthMarq Capital’s Houston regional office secures permanent debt for The Intellicenter Building in Atlanta, Georgia
The Intellicenter Building
HOUSTON (June 2, 2015) – Warren Hitchcock, vice president of NorthMarq Capital’s Houston based regional office arranged permanent debt financing for Intellicenter, a 150,000 sq.ft. LEED Silver certified office property located at 2531 Sever Road in Atlanta, Georgia. The transaction was structured with a 12-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. “The Intellicenter Building, in Northeast Atlanta, is a unique LEED Certified Office Building which is 100% occupied by a number of well-known credit tenants. The borrowers’ business plan is to hold this key property for a long duration, and we provided a low-rate, long-term loan to help accommodate that objective,” reported Hitchcock. “The buyer, Susquehanna Holdings, Ltd, has a goal to lock in low rates on quality assets, and this plan is shared with many of our clients in today’s advantageous rate environment.”
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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 $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
