News

Clifford Plaza I & II Office Buildings Financed for $7 Million

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Michael Kelly and Michael Stordahl of Q10 Realty Mortgage & Investment Company arranged $7.0 million in new financing for Clifford Plaza I & II office buildings located in Albuquerque, New Mexico.  The three-story buildings are over 100,000 Square Feet and are 90% occupied after a substantial renovation of all common areas and major tenant improvements.

“Clifford Plaza was a Division headquarters for Cardinal Healthcare for many years up until 2013 when the company decided to relocate this division outside of the US. Given the location of the buildings, the layout and flexibility of the floor plates and the quality of the asset, the owners elected to re-tenant the asset into a major multi-tenant office building that is very competitive in the Albuquerque office market.” – Michael Kelly