Retail - Debt

NorthMarq Capital secures a loan for Kroger anchored center Pierce Town Center in Amelia, Ohio

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.”

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.