NorthMarq’s Austin office completes acquisition financing of $2.2 million for single-tenant retail property in Round Rock, Texas
Single-Tenant Retail Property
AUSTIN, TEXAS (June 10, 2021) – Chase Johnson, vice president of NorthMarq’s Austin office, arranged acquisition financing of $2.2 million for Eddie’s Tavern. The 11,969 sq. ft. single-tenant retail property is located at 100 Parker Drive in Round Rock, Texas. The transaction was structured with a 10-year term on a 15-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a local lender. The property benefits from its location on the frontage road on IH-35.
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.
