NorthMarq’s Chicago office arranges acquisition financing of $6.9 million for Jewel Food Store in Barrington, Illinois
Jewel Food Store
CHICAGO, ILLINOIS (January 22, 2019) – Erik Kunz, vice president of NorthMarq’s Chicago regional office secured acquisition financing of $6.9 million for Jewel Food Store, a single-tenant retail property consisting of 59,600 sq. ft. and located in Barrington, Illinois. The permanent-fixed loan was structured with a 20-year fully amortizing term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
About Northmarq
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.
