NorthMarq Closes Loan for Office Max Site

DENVER-The Denver regional office of NorthMarq Capital Inc. has arranged a $1.95 million permanent loan for an Office Max building at 7969 E. Arapahoe Rd. in Greenwood Village. The property is situated a quarter mile east of Interstate 25 on the high-traffic Arapahoe Road. The single-tenant retail building, constructed in 1992, totals 30,925 sf on the first floor with office space plus 1,200 sf of additional space on the second floor.

Jeffrey C. Fabian, VP, and Elaine Kramer, senior investment analyst of NorthMarq’s Denver office, arranged the financing through TierOne Bank on behalf of the borrower, Rice Investment Properties, LLC.

NorthMarq is a national real estate investment banker providing financing for commercial real estate including office, retail, industrial, multi-family and assisted living development. Servicing a portfolio of $12 billion on behalf of 50 institutional investors, NorthMarq is headquartered in Minneapolis with regional offices in Denver, Austin, Los Angeles, Kansas City, Phoenix, St. Louis, Chicago, San Francisco, Dallas and Houston.