Retail - Debt


NorthMarq's Washington, D.C. office arranges acquisition financing of $54.5 million for grocery anchored big box retail center in Northern Virginia

WASHINGTON, D.C. (February 1, 2020) – Gary McGlynn, Jason Smith and Kenneth Gentzel, managing directors in NorthMarq’s Washington, D.C. regional office arranged acquisition financing of $54.5 million for a grocery anchored big box retail center in Northern Virginia. The property contains 322,355 sq. ft. NorthMarq arranged financing for the borrower through its correspondent relationship wtih a life insurance company. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.