July 26, 2023

Northmarq’s Washington, D.C. office completes $26 million refinance of Newington Business Center

Newington Business Center

Debt & Equity

Multi-Tenant

WASHINGTON, D.C. (July 26, 2023) — Jason Smith, SVP/managing director, and Gary McGlynn, SVP/managing director, of Northmarq’s Washington, D.C. Debt and Equity team, arranged the refinance of $26 million for Newington Business Center. The seven-building, ± 253,000 sq. ft. industrial portfolio is located at 8532-8540 Terminal Road in Lorton, Fairfax County, Virginia. Northmarq arranged financing on behalf of the borrower through its relationship with a life insurance company.

Available Industrial properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.