October 1, 2013

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

Marketplace East Shopping Center

Debt & Equity

Multi-Tenant

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.

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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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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