NORTHMARQ NEGOTIATES $7.4M MORTGAGE FOR LOEHMANNS PLAZA

EAST BRUNSWICK, N.J. — NorthMarq Capital has arranged a $7.4 million loan for the refinancing of Loehmanns Plaza, a 212,134-square-foot shopping center in East Brunswick. Loehmanns is the major tenant at the center. Gary Cohen and Greg Nalbandian of NorthMarq negotiated the 5-year loan through a life insurance company. The loan contains a 25-year amortization schedule.