Arranges financing for Technology Forest office and retail plaza in the Woodlands, Texas

Technology Forest Plaza
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HOUSTON (July 15, 2014) – Warren Hitchcock, vice president of NorthMarq Capital’s Houston based regional office secured permanent financing for Technology Forest, a mixed-use (office & retail), 65,117 sq. ft. property located on Research Forest Boulevard in The Woodlands, Texas. The building contains 20,100 sq.ft. of retail space and 45,017 sq.ft. of office space. The transaction was structured with a long term loan. NorthMarq arranged financing for the borrower through its correspondent relationship to a life company. “The mixed-use nature of this refinance created some challenges, however, NorthMarq Capital procured long-term permanent debt through one of its correspondent life companies that understood both the product and the market,” said Hitchcock. “In addition, the refinance was aggressively priced and rate locked early at an interest rate in the 3.0%’s which is a testament to the sponsors and the development.”

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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