NorthMarq Arranges $13.5 Million Loan for Retail Center in Tallahassee

by Scott Reid

Tallahassee, Fla. — University Village’s major tenants include Gold’s Gym and a United States Post Office.

NorthMarq Capital has arranged $13.5 million in refinancing for University Village, a 152,104-square-foot retail center located at 2020 W. Pensacola St. in Tallahassee. The property’s major tenants include Gold’s Gym and the Post Office. Lee Weaver of NorthMarq Capital’s Tampa office arranged the 10-year loan with a 30-year amortization schedule through an unnamed CMBS lender. 

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