Northmarq’s Washington D.C. office completes $14.2 million refinancing of 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 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.
