July 11, 2016

NorthMarq Capital's Phoenix office arranges $3.37 million acquisition financing for office-warehouse property in Tempe, Arizona

Interstate Commerce Center

Debt & Equity

Multi-Tenant

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 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.

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