$4.8-Mil Financing OK'd for Corporate Center

SAN DIEGO-NorthMarq Capital's San Diego office has finalized a $4.8-million financing for PCR LP, an entity of Parrma Properties. The deal is for the fully leased Mission Corporate Center, a 54,929-sf office building along Mission Gorge Road.

By Connie Gore | July 26, 2001 at 01:01 AM

PCR LP is the borrower of record in a deal structured by Minneapolis-based NorthMarq Capital's San Diego office. Dan McCarthy, vice president and senior producer in San Diego, has arranged the financing package through First Union Capital Markets Group.

The fully leased building, designed with 15 offices, is located north of downtown in a submarket bearing an 11.7% vacancy. According to first quarter reports, the Mission Gorge office market had a net absorption of 7,279 sf out of its .76 million sf inventory.

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