NorthMarq Capital negotiates permanent financing of $8.9 million for retail property in Mechanicsville, Virginia
Shopping Center
RICHMOND (May 25, 2018) Keith Wells, senior vice president of NorthMarq Capital’s Richmond regional office, arranged permanent financing of $8.9 million for a 73,440 sq. ft. shopping center built in 2007. Located in Mechanicsville, Virginia, this asset is afforded exceptional accessibility offered by the nearby I-295 that connects it with Richmond. The property is located in Mechanicsville’s primary shopping area and is surrounded by a plethora of national retailers that all work together to drive consumers to the area. The entire shopping center benefits from a very strong lineup of national tenants.
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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.
