NorthMarq Capital arranges two industrial properties totaling $4.6 million
Commerce Center I & Recall Warehouse
DENVER (January 16, 2014) – Stephen Bye, executive vice president and senior managing director of NorthMarq Capital’s Denver regional office arranged refinancing for two industrial properties: Commerce Center I and Recall Warehouse - Commerce Center I, located at 15200 and 15250 E. 33rd Pl. and 15201 E. Moncrieff, Pl., Aurora, Colorado contains 69,600 sq.ft. Financing for the $2.1 million transaction was structured with a 10-year term and 25-year amortization rate and was arranged for the borrower through NorthMarq’s relationship with a correspondent life company. Constructed in 1985, the office/flex property consists of three, single story buildings with an average office finish of 30%. -Recall Warehouse, located at 1255 S. Pasadena, Mesa, Arizonq contains 79,934 sq.ft. Financing for the $2.5 million permanent fixed loan was structured with a 10-year term and 25-year amortization schedule and was arranged for the borrower, One Carol Place, Co, LLC. through NorthMarq’s relationship with a correspondent life company. Constructed in 1986 and renovated in 1999, the 1-story industrial building is 100% climate-controlled and has six loading docks. The property is currently leased to Recall Total Information Management, Inc.
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.
