DENVER (March 11, 2015) NorthMarq Capital’s Denver office arranged permanent financing of $78.99 million for 222 Hennepin Avenue in Minneapolis, Minnesota. Constructed in 2013, the property consists of 286 apartment units in a six-and seven-story, mid-rise building with a 20,000 sq.ft. Whole Foods Market on a portion of the ground level, wrapping a four-level parking structure. Residential parking is provided on a three level, climate-controlled parking garage while Whole Foods has dedicated underground parking. Apartment amenities feature a large, distinctively-appointed rooftop area comprised of outdoor pool, skyline terrace, gourmet grills, fireplace, entertaining spaces, bocce ball court, as well as Zen courtyard, club and yoga studio, skyline lounge, Jag Club (a 2,000 sq.ft. clubroom with full kitchen, billiards and TVs), wine room, coffee lounge, board room, secure bike storage, private storage space, guest suite and a private, off-leash dog park. Greg Benjamin, senior vice president; and Jeff DeHarty, associate producer, arranged the financing for the borrower, a division of Weidner Investment Services, Inc., a Seattle-based, privately-held owner of multiple multifamily properties. Ben Katon is vice president of finance and acquisitions and Kevin Colard is director of acquisitions. This is the 60th loan NorthMarq’s Benjamin has arranged for Weidner since 1995.
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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.
