Office i Ohio

NorthMarq Capital provides $10 million in financing for Cincinnati office property

  

Susan Branscome, senior vice president and managing director of NorthMarq Capital’s Cincinnati regional office, and Noah Juran, vice president with the company, arranged refinancing of $10.2 million for Vora Technology Park, a 365,000-square-foot office property in Hamilton, Ohio.

The transaction was structured with a 10-year loan term on a 20-year amortization schedule. NorthMarq arranged the financing for the borrower through its relationship with First Financial Bank.

The most notable new tenant at the property is Barclaycard, which invested more than $9 million in the property for the initial phase of a new customer call center.