Northmarq’s Washington D.C. office completes $14.2 million refinancing of Cambridge Office Plaza
Cambridge Office Plaza
WASHINGTON, D.C. (September 7, 2022) - Gary McGlynn, managing director and Kenneth Gentzel, managing director of Northmarq’s Washington, D.C. debt/equity team, finalized the $14.2 million permanent-fixed loan for Cambridge Office Plaza. The property is made up of 96,759 sq.ft. of rentable office space and is located at 8381 and 8391 Old Courthouse Road in Tyson Corner, Virginia. Northmarq arranged the permanent-fixed rate loan through its relationship with a local bank.
The 3-story office building offers a great location with easy access onto the Capital Beltway and Interstate 267. Additionally, tenants benefit from on-site amenities.
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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.
