February 23, 2016

NorthMarq Capital’s Las Vegas office secures $26 million refinance of Desert Marketplace

Desert Marketplace

Debt & Equity

Multi-Tenant

LAS VEGAS (February 22, 2016) – Scott Monroe, senior vice president of NorthMarq Capital’s Las Vegas regional office finalized the $26 million refinance of Desert Marketplace, a 251,785 sq. ft. mixed-use property located at 8205-8595 West Warm Springs Road in Las Vegas, Nevada. The transaction was structured with a 3-year interest-only term with two one-year extensions. Desert Marketplace consists of six buildings that were built between 2006 and 2009. The property is situated on land that is ground leased from Clark County Nevada Department of Aviation. Major tenants include: Walgreens, TJ Maxx, Glazier’s Food Marketplace, Petco, and Big 5.

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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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