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.” 

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 $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.