NorthMarq Capital arranges $2.7 million acquisition of The Fountain Office Building in Liberty, Missouri
The Fountain Office Building
DENVER (December 4, 2013) – Stephen Bye, executive vice president, and Dale Stewart, vice president of NorthMarq’s Denver regional office arranged acquisition financing of $2.7 million for The Fountain Office Building, a 26,160 sq.ft. office building located at 700 South, Hwy. 291, Liberty, Missouri. Financing for the transaction was structured with a 10-year term and 25-year amortization rate. NorthMarq arranged financing for the borrower, Pedersen Development Company, through its relationship with a regional bank. The property, located only 12 miles northeast of downtown Kansas City is 100% leased “and is occupied by two strong credit tenants,” said Bye.
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.
