NorthMarq Capital secures a loan for Kroger anchored center Pierce Town Center in Amelia, Ohio
Pierce Town Center
CINCINNATI (April 10, 2015) – Susan Branscome, managing director of NorthMarq Capital’s Cincinnati based regional office arranged financing of $4.5 million for Pierce Town Center, a 50,000 sq.ft. retail property located at 200-260 W. Main Street in Amelia, Ohio. The transaction was structured with a 10-year term and 20-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship to American Equity. Kroger shadow anchors the property. “American Equity provided a very competitive proposal to this borrower,” said Branscome. “This property is newly constructed and is shadow-anchored by Kroger and is located in a strong submarket of Cincinnati.”
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.
