NorthMarq Capital arranges seven shadow-anchored retail properties totaling $43 million in Arizona and Texas
Seven Retail Properties
PHOENIX – James DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix office arranged financing on seven shadow-anchored retail properties totaling $43 million. The class “A” assets are located in Arizona and Texas and include Fry’s Marketplace, (Kroger), Target and Albertsons as the shadow anchors. NorthMarq arranged the financing through its relationship with an institutional lender. The borrower, Barclay Group, is a national development firm who has developed more than 100 retail centers. Over the years DuMars has assisted Barclay with nearly $200 Million in permanent financing transactions. “Barclay Group wanted to take advantage of the historically low interest rates and lock in long term,” said DuMars. “Furthermore, there were many suitors for these strong performing centers backed up by a premier developer such as Barclay Group.”
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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.
