NorthMarq Capital arranges acquisition financing of $19 million for 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 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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.
