A — July 27 - August 16, 2012 — Mid Atlantic Real Estate Journal

www.marejournal.com M id A tlantic R eal E state J ournal For a 96,800 s/f industrial/flex property NorthMarq Capital arranges $2.2m mortgage financing


Commercial • industrial • Residential


illiamstown, NJ — Michael Aylmer, assistant vice presi-

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dent of NorthMarq’s Phila- delphia Regional office, and Doug Austin, vice president of NorthMarq’s San Diego office, cooperated to arrange acquisi- tion financing of $2.2 million for Monroe Commerce Center, a 96,800 s/f industrial/flex property located at 1031 Glass- boro Rd. in Williamstown. Financing was based on a 15-year term and a 15-year amortization schedule and was arranged for the borrower by NorthMarq through its rela- tionship with a correspondent life insurance lender. FOLCROFT, PA — Lieber- man Earley & Company as- sisted Service By Air in nego- tiating a lease agreement for 14,671 s/f of flex space located at 514 Kaiser Dr. in Folcroft, PA (shown right). Bill Wilson, a senior sales as- sociate with Lieberman Earley & Co. arranged the multi-year lease agreement with Service By Air, the tenant, while Scott

Monroe Commerce Center

“This transaction was a low- leverage non-recourse acquisi-

tion loan that required a quick close,” said Aylmer. n


Wilson of Lieberman Earley & Co. negotiates lease totaling $334,000 for 14,671 s/f flex space

Henderson of Grubb & Ellis, assisted the owner, Barthco Associates, in this multi-year

transaction. Aggregate rental of the lease was in excess of $334,000.

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