NorthMarq Capital finalizes $10.3 million refinance of Quarry Place II in Milford, Massachusetts

Quarry Place II
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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.”

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.

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