NorthMarq Capital arranges $3.34 million acquisition of Natural Grocers by Vitamin Cottage in Lawrence, Kansas
Natural Grocers by Vitamin Cottage
DENVER (July 28, 2014) – Stephen Bye, executive vice president/managing director and Mark Lindgren, investment analyst of NorthMarq Capital’s Denver based regional office secured the $3.34 million acquisition financing of Natural Grocers by Vitamin Cottage, a 13,251 sq.ft. retail property located at 1301 West 23rd Street in Lawrence, Kansas. The property is adjacent to the campus of the University of Kansas which boasts a full-time enrollment of over 30,000 students. The transaction was structured with a 7-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower, an affiliate of the Boulder, Colorado based Pedersen Development Company though its relationship with a national bank.
About Northmarq
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 $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
