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

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.