NorthMarq Capital’s Atlanta office arranges acquisition/financing of the $25 million purchase of a General Electric Company occupied office building

Office Building

Debt & Equity

Multi-Tenant

ATLANTA (February 6, 2018) – Will James, vice president of NorthMarq Capital’s Atlanta regional office arranged the acquisition and financing of the $25 million purchase of a 191,500 sq. ft. class A office building located at 1990 NASA Boulevard in Melbourne, Florida that is occupied by General Electric Company. NorthMarq arranged financing through a CMBS platform for the borrower, Dallas, Texas based Reserve Cap Partners. Greg Seitz, a partner with RCP further explained that “Two of General Electric Company’s divisions occupy the building which serve as ‘mission critical’ operations for the tenant, GE.” In addition, “NorthMarq Capital represented RCP as its buyer agent on behalf of the seller, as well as arranged 65 percent LTC, 10-years interest only financing,” explained James.

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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.

NorthMarq Capital’s Atlanta office arranges acquisition/financing of the $25 million purchase of a General Electric Company occupied office building

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