(Carl Cronan is editor of Real Estate Florida.)

ORLANDO-NorthMarq Capital Inc. has arranged first-mortgage financing of nearly $4 million for Southport Center, a 74,214-square-foot industrial building at the Airport International Park of Orlando. The new building is currently in lease-up stage.

Financing is based on a four-year term with a one-year interest-only loan plus a 25-year amortization. Minneapolis-based NorthMarq arranged the mortgage with an Orlando-area financial institution on behalf of the building’s owner, Southport at AIPO LLC.

“Experienced sponsorship with excellent financial strength, an ‘A’ location, plus superb facility design and excellent tenant flexibility were key to the lender’s decision process,” says Andy Moses, senior vice president and senior director of NorthMarq’s Orlando regional office. Southport Center was constructed over the past two years and was originally designed as industrial condominium units.

Airport International Park occupies 1,350 acres south of Downtown Orlando, between Orange Avenue and Orlando International Airport. The park is designated as a development of regional impact and has rail service in addition to several roads.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.