Industrial - Debt & Equity

NorthMarq arranges $165 million in financing for three industrial build-to-suit properties in Salt Lake City

SALT LAKE CITY, UTAH (December 10, 2020) — Nate Barnson, senior vice president/managing director of NorthMarq’s Salt Lake City office arranged the $165 million debt package for three industrial build-to-suit properties. The properties, containing a combined 583,000 sq. ft. are located in the Salt Lake City MSA and will house a distribution company’s operations. NorthMarq arranged financing (with equity coming from partnerships with the developer) through its relationship with a regional bank. 

“The developer has a long track record of successful projects, becoming a preferred developer in the SLC market,” said Barnson. “That success made the projects attractive to outside investors.” 

Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.