NorthMarq Capital arranges two office transactions totaling $35 million
Alcoa Exchange & Shadelands Storage
SAN FRANCISCO (February 18, 2014) Dennis Williams, managing director and Brian Esquivel, assistant vice president of NorthMarq Capital’s San Francisco-based regional office, arranged two transactions with a CMBS lender, totaling $35 million for Shadelands Storage and Alcoa Exchange Retail Center. - Shadelands Storage, a 1,199 unit self-storage property is located at 1925 Oak Grove Road in Walnut Creek, California. The refinance totaled $19.2 million and was structured with a 10-year term and 30-year amortization schedule with 3-years interest only. “The lender provided a quick and efficient refinance with attractive terms for this stabilized class "A" asset,” said Williams. - Alcoa Exchange is a 134,500 sq.ft. retail property located in Bryant, Arkansas that is shadow anchored by Target and Kohl’s. The $15.8 million acquisition loan was structured as a 10-year interest only loan for the borrower. “The lender provided very strong acquisition financing under a tight timeframe for this retail center,” said Williams.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
