Phoenix – Both transactions were arranged for the borrower by NorthMarq through its relationship with a CMBS lender.
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