NorthMarq Capital’s Chicago office arranges $8.45 million refinance for Park Lake Center in Naperville, Illinois

Park Lake Center
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CHICAGO (July 27, 2016) – Jeff Frankel, senior vice president/senior director of NorthMarq Capital’s Chicago-based regional office, arranged refinancing of $8.45 million for Park Lake Center, a 131,284 sq. ft. office property located in 184 Shuman Blvd, Naperville, Illinois. NorthMarq arranged financing for the borrower through its relationship with a national bank. Park Lake Center is a class “A”, five-story office building owned and managed by PANCOR Construction & Development, LLC.

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. 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.