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.