NorthMarq Capital’s Atlanta office completes $6.4 million refinance of Publix at Lee Crossing in Leesburg, Georgia
ATLANTA (November 8, 2016) – Wanda Riggs Mack, vice president of NorthMarq Capital’s Atlanta-based regional office arranged the $6.4 million refinance of Publix at Lee Crossing, a 56,800 sq. ft. retail property located at 1212 US Highway 19 South in Leesburg, Georgia. The transaction was structured with a fully amortizing 22-year term. NorthMarq arranged financing for the borrower, Leesburg Georgia Hand Properties, LLC, through its relationship with a life insurance company. Publix is the property’s major/anchor tenant. “The borrower engaged NorthMarq on an exclusive assignment to find and negotiate permanent debt, and the lender provided the most competitive quote that met the borrower’s goals,” said Mack. “The borrower was a repeat client of this life insurance company.”
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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
