NorthMarq Capital arranges two transactions totaling $29.35 million
The Shops at 95th & Cicero and Overland Shop Ctr
DENVER (January 16, 2014) – John M. Stewart, senior vice president of NorthMarq Capital’s Denver regional office arranged acquisition financing for two retail properties: the Shops at 95th and Cicero and the Overland Crossing Shopping Center. - The Shops at 95th and Cicero, located at 9621-9633 South Cicero Avenue, Oak Lawn, Illinois contains 76,479 sq.ft. Financing for the $10.5 million acquisition was structured with a 10-year term and 30-year amortization rate and was arranged for a national account borrower through NorthMarq’s relationship with a life company. Constructed in 1961 and renovated in 2006, the Shops at 95th and Cicero consists of two, sing-story buildings. Major tenants include Sports Authority and Staples. -Overland Crossing Shopping Center, located at 11900-12070 Metcalf, Avenue, Overland Park, Kansas contains 174,497 sq.ft. Financing for the $18.85 million acquisition was structured with a 10-year term and 30-year amortization schedule arranged through NorthMarq’s relationship with a life company. Constructed from 1996-2000, the center consists of a total of five buildings. National tenants include Office Max, Burlington Coat Factory and Golfsmith.
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.
