Murphy of NorthMarq arranges $9.72 million acquisition financing

James Murphy, managing director of NorthMarq Capital's Boston-based regional office secured $9.72 million in acquisition financing for Eastport Industrial Park Buildings I & III, two industrial properties consisting of a combined 366,595 s/f located at 8979-8999 and 8901-8919 Market St. The commercial mortgage transaction was structured with a 5-year term with 1-year interest only and 30-year amortization schedule. NorthMarq arranged financing for the borrower, High Street Realty Company through its correspondent relationship with Great-West Life & Annuity Company.