COLORADO SPRINGS-The Denver regional office of NorthMarq Capital Inc. arranged an $8.83 million construction/permanent for a single-tenant 83,300-sf produce processing facility that is under way in Colorado Springs. The facility is being built on the northeast corner of Newport Road and Vapor Trail. The single-story facility will be occupied by Taylor Farms-Colorado and consist of 8,300 sf of office space on the second floor with the first floor totaling 75,000 sf for produce processing, warehouse area and refrigerated space.
The facility is owned by Colorado Structures Inc. CSI, which is also the project's design/builder, has specialized in constructing retail, office, distribution and warehouse projects in the western United States since 1978.
Greg Benjamin, senior director and Dominic Berntson, investment analyst of NorthMarq's Denver office, arranged the financing for the borrower. NorthMarq Capital Inc. is a national real estate investment banker providing financing for commercial real estate including office, retail, industrial, multi-family and assisted living apartments, self-storage facilities, mobile home parks, hotels, and other commercial real estate projects. Servicing a portfolio of $28.2 billion on behalf of 50 institutional investors, NorthMarq Capital is headquartered in Minneapolis with regional offices throughout the country.
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