NorthMarq Capital finalizes $10.3 million refinance of Quarry Place II in Milford, Massachusetts
Quarry Place II
BOSTON (January 15, 2015) – Joseph Hegenbart, managing director and Ryan Demadis, vice president of NorthMarq Capital’s Boston based regional office arranged the $10.3 million refinance of Quarry Place II, a 55,000 sq.ft. retail property located at 99-103 Cedar Street in Milford, Massachusetts. The transaction was structured with a 10-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower, Quarry Place II, LLC through its relationship with a regional bank. The Sports Authority is the property’s largest tenant. “We are pleased to have facilitated the financing for this transaction on behalf of our client,” said Hegenbart. “The strength and experience of the borrower coupled with the quality and location of the real estate allowed us to get over a few hurdles and secure long term financing.”
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.
