NorthMarq Capital arranges acquisition financing of $19 million for Columbia Business Center
Columbia Business Center
WASHINGTON D.C. (May 25, 2018) NorthMarq Capital’s Washington, D.C. regional office arranged acquisition financing of $19 million for Columbia Business Center. The 9 building, 160,255 sq. ft. business park is currently 93 percent leased to 22 tenants. Of the nine buildings, eight are utilized for office purposes and one is retail. The property is ideally situated equidistant from Baltimore and Washington, between I-95 and Route 29 (North-South) and Route 100 and Route 32 (East-West) in the Baltimore-Washington corridor. NorthMarq secured the acquisition loan through a correspondent life insurance company.
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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.
