NorthMarq Capital’s Washington D.C. office arranges $10,250,000 in equity financing for bulk industrial in Manassas, Virginia
Bulk Industrial - Equity
WASHINGTON, D.C. (June 8, 2017) – NorthMarq Capital’s Washington D.C. regional office arranged equity financing of $10,250,000 to provide for the development of Phase I of a class "A" industrial warehouse project located in Manassas, Virginia. Phase I will consist of approximately 289,000 sq. ft. of rentable area. The development will compete in the supply constrained and rapidly growing northern Prince William County industrial market. Targeting industrial tenants in a market that offers few comparable alternatives, the development will provide a highly sought after product type. Well-located and adjacent to Interstate 66, one of the region’s most important interstate highways, the project will offer outstanding access to the major markets of Washington, D.C., Northern Virginia and suburban Maryland.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
