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.”