JOLIET, ILL. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $10.6 million loan for the acquisition of North Ridge Plaza, a 238,000-square-foot retail power center in Joliet. Richard Lynn, a director in MMCC’s Oak Brook office, arranged the loan. Robert Horvath and Todd Tremblay in Marcus & Millichap’s Boston office represented the buyer, North Windham Properties LLC. Scott Wiles, Craig Fuller, Sean Sharko, Austin Weisenbeck and Erin Patton, also of Marcus & Millichap, represented the seller. The four-year loan carries a fixed interest rate of 4.5 percent and includes a 25-year amortization schedule. The loan-to-value is 75 percent. Current tenants at the retail center include Ultra Foods, OfficeMax, Hobby Lobby, Burlington Coat Factory, GameStop, Fashion Bug, Home Choice and Sally Beauty & Supply.
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