$27.05 MILLION LOAN ARRANGED FOR INDUSTRIAL PORTFOLIO

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MINNEAPOLIS — Minneapolis-based NorthMarq Capital has arranged a $27.05 million loan for a four-property, cross-collateralized portfolio of industrial properties. Totaling 517,240 square feet the properties include 9600 and 9700 West 76th Street in Eden Prairie, Minn.; 1908-2000 Innerbelt in Overland, Mo.; 2325 – 2375 Camino Vida Roble in Carlsbad, Calif.; and 20700 Denker in Torrance, Calif. Major tenants in the properties include Digital River, Build-A-Bear, Sanko Electronics America and Hanna Water Holdings. Financing terms were based on a 10-year term with a 25-year amortization schedule. NorthMarq arranged the financing for the borrowers, affiliates of First Industrial Realty Trust, through its correspondent relationship with National Life Insurance Co. NorthMarq’s Jeff Frankel, Jim Hoopes, Eric Flyckt, Jeff Chaney, David Garfinkel and Rob Hervey brokered the transaction.

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