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NorthMarq Capital Finalizes $10.3M Refinance Of Milford Retail Building

Jan 20, 2015 | Reprints | Unlock Link | Print

Quarry Place (3) NorthMarq Capital’s Boston-based regional office arranged the $10.3 million refinance of Quarry Place II in Milford.

Quarry Place II is a 55,000-square-foot retail property located at 99-103 Cedar St. Sports Authority is the property’s largest tenant.

The transaction for Quarry Place II LLC was structured with a 10-year term and 25-year amortization schedule. Joseph Hegenbart, managing director and Ryan Demadis, vice president at NorthMarq Capital’s Boston office, arranged the financing.

"We are pleased to have facilitated the financing for this transaction on behalf of our client," Hegenbart said in a statement. "The strength and experience of the borrower coupled with the quality and location of the real estate allowed us to get over a few hurdles and secure long term financing."

Commercial