NorthMarq Capital’s Washington, DC office arranges permanent financing of $12,275,000 for retail property in La Verne, California
Retail Property
WASHINGTON, D.C. (November 15, 2017) – NorthMarq Capital’s Washington, D.C. regional office arranged permanent financing of $12,275,000 for a 64,522 sq. ft. grocery-anchored shopping center. The property is proximate to the highly trafficked Foothill Freeway and is located along the Foothill Boulevard corridor, part of historic Route 66 in the community of La Verne in Los Angeles County, California. The property’s major tenants include Sprouts Famers Market (30,046 sq. ft.) and Bank of America (9,520 sq. ft.).
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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.
