Retail - Debt

NorthMarq Capital arranges refinancing of $10 million for Marketplace East Shopping Center in Colorado Springs, Colorado

DENVER (October 1, 2013) – NorthMarq’s Denver regional office arranged a refinancing of $10,000,000 for Marketplace East Shopping Center located at 2828 N. Powers Blvd., in Colorado Springs, Colorado. Constructed in 1996, the center totals 85,794 sq. ft. and is shadow-anchored by a 55,195 sq. ft. Safeway and an 85,116 sq. ft. Kohl’s, neither of which are part of the collateral. The property is currently leased to a strong line-up of national and regional tenants. John M. Stewart, senior vice president; and Ilan Reissner, investment analyst, arranged the financing for the borrower.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.