NorthMarq Arranges $7.2 Million Acquisition Loan for Walgreens in Metro Minneapolis

by Katie Sloan

Wayzata, Minn. — NorthMarq Capital has arranged a $7.2 million loan for the acquisition of a building leased to Walgreens in Wayzata, 13 miles west of Minneapolis.

The 15,149-square-foot building is located at 1055 Wayzata Blvd. East. The eight-year loan includes a 25-year amortization schedule. A life insurance company served as the lender. Joe Giordani of NorthMarq arranged the loan for the undisclosed borrower.

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