NorthMarq Secures Acquisition Financing for LaPour Corporate Center
- Oct 02, 2014
NorthMarq Capital secured $12.3 million in acquisition financing for LaPour Corporate Center in Las Vegas. The Denver office of the company handled the financing with Senior Vice President Greg Benjamin and Senior Investment Analyst Jeff DeHarty heading the process on behalf of NorthMarq.
Located at 9075 West Diablo Drive in Las Vegas, LaPour Corporate Center is near the northwest corner of I-215 and Russell Road. The property is fully leased and offers 70,188 square feet of space.
Built in 2008, the tilt-up concrete building has paneled glass window bands at each level and earned LEED certification from the U.S. Green Building Council. The building offers citywide views of the Las Vegas Strip, the Las Vegas Valley and the mountains.
The 10-year financing secured by NorthMarq is structured with a fixed-interest rate in the mid-4 percent range and a 25-year amortization schedule. The financing was provided by a correspondent relationship with a Midwestern life insurance company.