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VALMEYER, IL-Admiral Parkway Inc. recently was acquired a $26.5 million refinancing deal for the firm’s build-out work on an office/warehouse for the US National Archives and Records Administration. The original loan was called due, so the Marcus & Millichap Capital Corp. set up the package with a lender offering bond financing.

The administration’s National Personnel Records Center is subleasing 400,000 square feet for 20 years in Admiral’s six-million-square-foot Rock City property, which consists mostly of underground caves. Joseph Koppies, president of Admiral, leases the caves from the city. The property, a former quarry, was turned over to the private sector after the city was rebuilt following the Great Mississippi River Flood of 1993.

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