Retail (MT)
Debt & Equity

NorthMarq Capital’s Jacksonville office arranges $3.1 million in acquisition financing for Walgreens in Durham, North Carolina

JACKSONVILLE – Ryan Whitaker, senior vice president/senior director of NorthMarq Capital’s Jacksonville regional office, negotiated acquisition financing of $3.1 million for a 13,650 sq. ft. Walgreens located at 6405 Fayetteville Road in Durham, North Carolina. The transaction was structured with a fully amortizing 12-year term. NorthMarq arranged financing for the borrower with a life insurance company.

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.

1cbe084b-9ceb-4726-8de8-dbf9f6c0e7a2.jpg
Walgreens
Permanent Loan - Fixed
$3,100,000