NORTHMARQ CAPITAL SECURES $7.8 MILLION IN FINANCING FOR OFFICE BUILDING

SAN DIEGO — NorthMarq Capital has arranged $7.8 million in first-mortgage financing for a 67,053-square-foot office building, located at 9660 Granite Ridge in San Diego. Based on a 7-year term and a 25-year amortization schedule, the loan was arranged by NorthMarq’s Steve Hollister through the Minneapolis-based firm’s relationship with Torrey Pines Bank. The single-tenant, non-credit office building with specialized improvements is occupied by Clear Channel Communications.