PHOENIX—James DuMars, senior vice president and managing director of NorthMarq Capital's Phoenix based regional office has assisted the Perry family with financing placements on two premier Scottsdale office buildings totaling a combined $28.4 million. Scottsdale Professional Building contains 76,647 square feet and was constructed in 2004; Scottsdale Executive Office Building contains 181,081 square feet and was constructed in 1997.

DuMars tells GlobeSt.com, “We are really accelerated inn terms of values of office buildings and desirability on behalf of lenders to finance office buildings. We've seen spreads compress with rates from 4% to 4.75%. There is definitely an appetite for class A, well-located office with great sponsorship—there are plenty of people interested.”

Thrivent Financial was the lender and offered competitive terms and a borrower friendly execution, according to DuMars, who has originated nearly 100 loans with Thrivent over his career for numerous owners in the valley. “Most Thrivent business is repeat,” he adds. “Their process is one of the best in terms of early rate lock, competitive terms and execution.” The Perry family has previously borrowed from Thrivent.