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Brokerage
Posted: June 24, 2016
DesRochers of NorthMarq Capital secures $11 million refinance
Ernest DesRochers, NorthMarq Capital, Inc.
Turnpike Shopping Center - Fairfield, CT
Fairfield, CT Ernest DesRochers, senior vice president/managing director of NorthMarq Capital’s New York metro-based regional office, secured the $11 million refinance of Turnpike Shopping Center, a 110,000 s/f retail property located at 1955-2009 Black Rock Tpke. The transaction was structured with a 10-year term with 5-year interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Shop Rite Supermarket, Eastern Mountain Sports and Party City represent the property’s major tenants.
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