NorthMarq Capital’s Atlanta office arranges acquisition/financing of the $25 million purchase of a General Electric Company occupied office building
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.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
