NORTHMARQ ARRANGES $29.4M IN LOANS FOR TWO RETAIL PROPERTIES

OAK LAWN, ILL., AND OVERLAND PARK, KAN. — NorthMarq Capital has arranged a total of $29.4 million in acquisition financing for two retail properties in metro Chicago and Kansas City. The Shops at 95th and Cicero, located at 9621-9633 South Cicero Ave. in Oak Lawn, Ill., spans 76,479 square feet. Financing for the $10.5 million acquisition includes a 10-year term and 30-year amortization schedule. Overland Crossing Shopping Center, located at 11900-12070 Metcalf Ave. in Overland Park, Kan., measures 174,497 square feet. The $18.9 million acquisition financing for the property includes a 10-year term and 30-year amortization schedule. A life insurance company provided both loans. John Stewart, senior vice president of NorthMarq Capital’s Denver office, arranged the financing.