NEW YORK (August 2, 2023) — Robert Delitsky, senior vice president/managing director, and Dylan Hamer, vice president, of Northmarq’s New York City Debt and Equity team arranged the $4.2M financing for Marbella Shopping Center. The 64,228 sq. ft. retail strip center is located at 2901-2957 West Bell Road in Phoenix, Ariz. Northmarq secured the permanent loan for the borrower through its correspondent relationship with Symetra.
Marbella Shopping Center is located in a popular business and retail area with a high population growth rate. Tenants at the shopping center include Gateway Community College, Ombudsman Educational Services, Sherwin-Williams and US Egg Restaurant.