NorthMarq Capital arranges two retail transactions in Arizona and Texas toaling $14.7 million
Two Retail Properties
PHOENIX – James DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix based regional office secured two retail transactions totaling $14.7 million. Old Spanish Trail Crossing: Located at 9525, 9545 E. Old Spanish Trail and 9565 East 22nd Street in Tucson, Arizona, this, 42,816 sq.ft. retail property was refinanced at $8.925 million. The transaction was arranged for the borrower by NorthMarq through its relationship with a CMBS lender. Major tenants at the three building property include Pier One Imports, Peter Piper Pizza and Nextcare Urgent Care. The property is also shadow-anchored by Target Greatland. Stonebridge Crossing: Located at 6700, 6710 and 6840 Virginia Parkway, McKinney, Texas, this 35,281 sq.ft. shadow-anchored retail property was refinanced at $5.775 million. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender. Centennial Medical Center will feature as one of the major tenants of the property. The property is shadow-anchored by Albertsons.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
