NorthMarq Capital arranges two transactions totaling $29.35 million
The Shops at 95th & Cicero and Overland Shop Ctr
DENVER (January 16, 2014) – John M. Stewart, senior vice president of NorthMarq Capital’s Denver regional office arranged acquisition financing for two retail properties: the Shops at 95th and Cicero and the Overland Crossing Shopping Center. - The Shops at 95th and Cicero, located at 9621-9633 South Cicero Avenue, Oak Lawn, Illinois contains 76,479 sq.ft. Financing for the $10.5 million acquisition was structured with a 10-year term and 30-year amortization rate and was arranged for a national account borrower through NorthMarq’s relationship with a life company. Constructed in 1961 and renovated in 2006, the Shops at 95th and Cicero consists of two, sing-story buildings. Major tenants include Sports Authority and Staples. -Overland Crossing Shopping Center, located at 11900-12070 Metcalf, Avenue, Overland Park, Kansas contains 174,497 sq.ft. Financing for the $18.85 million acquisition was structured with a 10-year term and 30-year amortization schedule arranged through NorthMarq’s relationship with a life company. Constructed from 1996-2000, the center consists of a total of five buildings. National tenants include Office Max, Burlington Coat Factory and Golfsmith.
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.
