Northmarq's Debt + Equity team arranges $12.5 million financing for Madison Business Park D, E and F in Tampa, FL
TAMPA, Fla. — Northmarq's Tampa Debt + Equity team led by Tommy Ware arranged the $12.5 million refinancing for Madison Business Park D, E and F, a 111,660-sq.-ft. group of three industrial buildings located within a nine building small bay industrial park in Tampa, Florida.
Northmarq arranged the permanent-fixed financing on behalf of the borrower through a relationship with the incumbent lender, one of its valued life insurance company correspondents. The transaction was structured on a 10-year term.
Built in phases from 2016-2018, Madison Business Park D, E and F is comprised of three small bay industrial buildings totaling 111,660 sq. ft. in the East Tampa/Palm River-Clair Mel area. The property sits on 8.21 acres nestled with close proximity to the Port of Tampa, with access to both Interstate 75 and the Tamiami Trail.
Meet our team
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 $80 billion and has completed $91.3 billion in transactions over the past fours years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
