Retail - Debt


NorthMarq Capital arranges two transactions totaling $29.35 million

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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.