Retail - Debt

NorthMarq Capital

NorthMarq’s Atlanta office arranges acquisition financing of $10,125,000 for Olde Mill Plaza in Marietta, Georgia

ATLANTA, GEORGIA (March 6, 2019) – Randy Wolfe, Managing Director, and Bert Roberds, Vice President, of NorthMarq’s Atlanta-based regional office, negotiated acquisition financing of $10,125,000 for Olde Mill Plaza, a 105,847 sq. ft. retail property located at 3101 Roswell Road in Marietta, Georgia. The transaction was structured with a 10-year term with 2-years of interest only followed by a 30-year amortization schedule.  NorthMarq arranged financing for the borrower through its relationship with a national CMBS platform. 

The property is anchored by Walmart Neighborhood Market and a Just Fitness 4U.  Area retailers include Target, Home Depot, Whole Foods, The Fresh Market, Trader Joe’s, Publix, Kroger, Dick’s Sporting Goods, TJ Maxx, Marshalls, Kohl’s and SteinMart. The property benefits from the very strong demographics in East Cobb County and high traffic counts brought by Old Canton Road and Roswell Road (Highway 120).

 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $55 billion and the multi-year tenure of our more than 500 people.