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Last Updated ( Monday, 21 July 2014 17:04 )
DATE_FORMAT_LC2=Monday,July 21 2014 12:00:00 am EDT   
NorthMarq Arranges Two Retail Refinancings Totaling $14.7 Million

Phoenix – James DuMars, senior vice president/managing director of NorthMarq Capital's Phoenix office, has secured two retail refinance transactions totaling $14.7 million. Old Spanish Trail Crossing, a 42,816-square-foot retail property in Tucson, Arizona, was refinanced for $8.9 million. 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 a Target Greatland. Stonebridge Crossing, a 35,281-square-foot shadow-anchored retail property was refinanced for $5.8 million. Centennial Medical Center will feature as one of the major tenants of the property. The property is shadow-anchored by an Albertsons.

 — Scott Reid





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