Unizan Plaza Office Building in Downtown
|SAN DIEGO, California - September 27, 2004 - Michael D. Armstrong,
President of Neptune Hospitality Advisors, Inc., is pleased to announce
his firm arranged first mortgage financing for the refinance of the 161,000
square foot Unizan Plaza Office Building in Canton, Ohio. Neptune
arranged the $6.0 million five-year 4.93% fixed rate loan through a Wall
Street investment bank.
Unizan Plaza is a mixed-use project that includes the largest Class-A office building in downtown Canton, the 166-room Marriott Hotel, and a 500-space covered parking facility. Canton is the home of the NFL Hall of Fame and is the hometown of America's 25th President, William McKinley.
The borrower, American Property Global Partners ("APGP"), is a private commercial real estate investment company headquartered in Charlotte, North Carolina. APGP primarily invests in office buildings and hotels. Currently, APGP is invested in and manages 1.7 million square feet of office space and over 1,500 hotel rooms valued in excess of $200 million.
Neptune Hospitality Advisors, founded in 2001, is a national real estate firm specializing in the hotel industry with offices in San Diego, Dallas, Boston, and Honolulu. Neptune's areas of expertise include hotel brokerage, debt and equity financing, and development advisory services.
The Aventine Building
8910 University Center Lane
San Diego, CA 92122
P. (858) 964-5678
F. (858) 964-5679
|Also See:||Neptune Hospitality Advisors Arranges Financing for Purchase of Palm Springs Area Hotel / September 2004|
|Neptune Hospitality Advisors Arranges Acquisition Financing of Nashville Hotel / June 2004|
|Neptune Hospitality Advisors Represents Purchaser and Arranges Acquisition and Renovation Financing of Albuquerque Hotel / March 2004|