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Finance
Posted: August 12, 2010
NorthMarq arranges permanent mortgage financing of $7.495m for Kmart Plaza
NorthMarq's Boston Regional office, has arranged permanent mortgage financing of $7.495 million for Kmart Plaza. The loan was arranged for the borrower, Windalier West Lebanon, LLC, by NorthMarq through its relationship with People's United Bank.
Anchored by Kmart, TJ Maxx and Jo Ann Fabrics, Kmart Plaza is a retail strip center consisting of 178,997 s/f of space. The property is located on Route 12A, a major north-south artery through the region, off of I-89 at exit 20. Route 12A is considered the retail hub of the region with Kmart Plaza being one of several predominant shopping centers located along the one-mile retail stretch.
NorthMarq offers commercial real estate services for investors, developers, corporations and tenants. The company provides mortgage banking and commercial loan servicing in 32 offices coast-to-coast, with an average of $7 billion in annual production volume and services a loan portfolio of nearly $40 billion.
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Finance
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