NorthMarq arranges acquisition financing of $15.6 million for retail property in Alexandria, Virginia
WASHINGTON, D.C. (October 30, 2019) – NorthMarq’s Washington, D.C. debt/equity team collaborated to secure acquisition financing of approximately $16 million for a 45,000 sq. ft. retail property located in Alexandria, Virginia. The property was developed in the supply constrained submarket of Alexandria, which is surrounded by some of the best demographics in the country.
The property is strategically located approximately one mile from I-495, which provides great access to other major commercial arteries throughout the Washington D.C. Metropolitan Area.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.