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."
Meet our team
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.
