Northmarq brokers $29 million sale of multifamily portfolio in Springfield, Illinois
The St. Louis debt/equity team arranged $19,532,000 in acquisition financing for the property
ST. LOUIS, MISSOURI (June 28, 2022) – Parker Stewart, managing director – investment sales and Alex Malzone, senior associate - investment sales in Northmarq’s St. Louis office, completed the $29 million sale of Koke Mill Portfolio. The three-property portfolio consists of 308 total units. Northmarq represented both the buyer and seller in the transaction.
The properties include:
• West Koke Mill Village - 2400 Boysenberry Ln, Springfield, Illinois; 144 Units
• Boysenberry Village - 2312 Boysenberry Ln, Springfield, Illinois; 80 Units
• Smythberry Village - 3331 Smythberry Ln, Springfield, Illinois; 84 Units
David Garfinkel, senior vice president/managing director of Northmarq’s St. Louis debt/equity office, arranged acquisition financing of $19.532 million for portfolio. Northmarq secured financing for the borrower through its in-house Fannie Mae team.
Meet our team
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.
