Retail - Debt

NorthMarq Capital arranges two retail transactions in Arizona and Texas toaling $14.7 million

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.

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 $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.