NORTHMARQ'S TAMPA OFFICE ARRANGES TWO LOANS TOTALING $14.8M

TAMPA AND OCALA, FLA. — NorthMarq Capital's Tampa office has arranged two loans totaling $14.8 million for Sunstate Pioneer Industrial Parks in Tampa and Triple Crown Plaza in Ocala. Sunstate Pioneer is a 332,143-square-foot industrial park located at 4891-4907 W. Waters Ave., 8404-8434 Sunstate St. and 5402-5444 Pioneer Park Blvd. in Tampa. Worldwide Parts and Associates is the major tenant at the property. Robert Hernandez of NorthMarq arranged the three-year loan totaling $11.3 million through a life insurance company on behalf of the borrower, WM Industrial Portfolio LLC. Triple Crown Plaza is a 27,975-square-foot retail property located at 11100 S.W. 93rd Court Road in Ocala. The retail property's major tenants include IHOP and Beef O'Brady's. Hernandez arranged the $3.5 million loan with a 10-year term and a 30-year amortization schedule through a CMBS lender on behalf of the borrower, Morni Ocala LLC.