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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.