NorthMarq Capital's Phoenix office arranges $3.37 million acquisition financing for office-warehouse property in Tempe, Arizona
Interstate Commerce Center
PHOENIX – NorthMarq Capital’s Phoenix-based regional office, arranged acquisition financing of $3,370,000 million for the Interstate Commerce Center, a 83,385 sq. ft. office/warehouse property located at 2929 South Fair Lane, 2415, 2441, 2507 & 2515 West Erie Drive in Tempe, Arizona. The transaction was structured with a 20-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with Ohio National. Zenem Corporation and ProTek Devices represent the property’s major tenants. “My clients intend for this acquisition to be a long-term hold, and they are pleased with the attractive terms delivered by Ohio National on this exceptional asset,” said Stults.
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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.
