NorthMarq Capital Completes $47.5 Million Refinancing of Macy’s in Queens

The 250,000-square-foot Macy’s is located in the Flushing area of Queens in New York City. The 250,000-square-foot Macy’s is located in the Flushing area of Queens in New York City.

New York City — NorthMarq Capital has negotiated the $47.5 million refinance of a 250,000-square-foot Macy’s located in the Flushing area of Queens.

The transaction was structured with a 25-year term and arranged through NorthMarq’s relationship with a life insurance company. Ernest DesRochers and Matthew Buttram of NorthMarq arranged the financing for the undisclosed borrower.

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