NorthMarq Arranges $14.5M Refinancing for Lakeland Commons Retail in Auburn, Washington

by Amy Works

AUBURN, WASH. — NorthMarq has secured $14.5 million in refinancing for Lakeland Commons Retail, a shopping center located at 1502 Lake Tapps Parkway SE in Auburn. The 10-year loan features a 30-year amortization schedule.

Walgreens is a tenant at the 35,000-square-foot strip retail center.

Bob Spiro and Scott Moline of NorthMarq’s regional Seattle office secured the refinancing.

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