NORTHMARQ SECURES $15M FOR OFFICE REFI IN ILL.
BUFFALO GROVE, ILL. — NorthMarq Capital has secured $15 million in first-mortgage financing for a five-story, 132,581-square-foot office building located at 485 Half Day Road in Buffalo Grove. Constructed in 2001 by the borrower, Millbrook IV LLC, the Class A property is occupied by Walgreens, Production Services and Ambius. The loan carries a 10-year term and a 25-year amortization schedule. Jeff Cherner of NorthMarq's Chicago office arranged the loan between Millbrook and the lender, Advantus Capital Management.