Northmarq Secures $42.97M Loan For Springhurst Towne Center Acquisition In Louisville

The Springhurst Towne Center, an 800,000-square-foot retail property located at 3575 Springhurst Boulevard in Louisville, Kentucky, has been acquired through a $42.97 million financing deal. The loan, provided by a commercial bank, facilitated the acquisition by a venture of Kaden Cos. of Louisville and Marquee Capital of Milwaukee.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $42,970,000
• Address: 3575 Springhurst Boulevard
• Market: Louisville, KY
• Landlord: Mark Blieden - Kaden Cos & Chris Meinecke - Marquee Capital
• Broker: Northmarq
• Loan Type: Acquisition
• Loan Terms: 10-year loan

Northmarq, the real estate financing and advisory services provider, successfully led the financing deal for the acquisition of the Springhurst Towne Center. The loan, amounting to $42.97 million, was instrumental in enabling the partnership between Kaden Cos. and Marquee Capital to secure the retail property. Mark Blieden representing Kaden Cos. and Chris Meinecke of Marquee Capital served as the landlords in this transaction, partnering with Northmarq as the broker to finalize the acquisition deal.