70
PHILADELPHIA — NorthMarq Capital has arranged a $29.5 million construction loan for Bakers Square Shopping Center, a 220,000-square-foot shopping center that will be built at Fox Street and Roberts Avenue in Philadelphia. Major tenants at the center are Shop Rite and Ross Dress for Less. Joseph Sweeney of NorthMarq Capital arranged the 20-year loan for the borrower, TKMG Associates LP, through a regional bank. The loan has a 30-year amortization schedule.