May 16, 2016

NorthMarq Capital’s Richmond office arranges permanent financing of $2.6 million for Crescent Business Center III in Ashland, Virginia

Crescent Business Center III

Debt & Equity

Multi-Tenant

RICHMOND (May 16, 2016) – Keith Wells, senior vice president/managing director of NorthMarq Capital’s Richmond based regional office, arranged permanent financing of $2.6 million for Crescent Business Center III, a 43,800 sq. ft. building (part of a four, class “A/B” industrial property consisting of a combined 210,458 sq. ft.) located at 10406 Lakeridge Parkway in Ashland, Virginia. NorthMarq arranged financing for the Crescent Business Center Buildings I, II and IV in 2014.

Available Industrial properties

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.