WASHINGTON, D.C. (April 13, 2015) – Gary McGlynn, senior vice president/co-managing director, Kenneth Gentzel, senior vice president/co-managing director and Jason Smith, senior vice president of NorthMarq Capital’s Washington, D.C. office arranged $65 million in permanent financing for 1001 Connecticut Avenue NW, a 12-story/155,060 sq.ft. class “B” multi-tenant office building, and 1701 K Street NW, a 12-story/64,655 sq.ft. class “B” multi-tenant office building in Washington, D.C. The transaction was structured with long term interest-only financing.
Tenancy among both buildings consists of a mix of law firms, professional associations, institutions, national and local government agencies, national and local retailers, non-profits, medical practitioners and other varied business organizations.