NorthMarq Capital’s Phoenix Office Arranges Two Retail Transactions Totaling $14.7M

James V. DuMars, Senior Vice President and Managing Director of NorthMarq Capital’s Phoenix regional office secured two retail transactions totaling $14.7 million.

Old Spanish Trail Crossing

Old Spanish

Located at 9525 and 9545 E. Old Spanish Trail and 9565 East 22nd Street in Tucson, this 42,816-square-foot retail property was refinanced at $8.925 million.

The transaction was arranged for the borrower by NorthMarq through its relationship with a CMBS lender.

Major tenants at the three building property include Pier One Imports, Peter Piper Pizza and Nextcare Urgent Care. The property is also shadow-anchored by Target Greatland.

Stonebridge Crossing

Stone bridge

Located at 6700, 6710 and 6840 Virginia Parkway in McKinney, Texas, this 35,281-square-foot, shadow-anchored, retail property was refinanced at $5.775 million.

NorthMarq arranged financing for the borrower through its relationship with a CMBS lender.

Centennial Medical Center will feature as one of the major tenants of the property. The property is shadow-anchored by Albertsons.

 

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