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

Big Box Retail Center
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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. 

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.

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