NorthMarq Capital’s Washington, D.C. office finalizes $12 million in permanent financing for a four-building industrial portfolio in Dulles, Virginia
WASHINGTON D.C. (November 29, 2018) – NorthMarq Capital’s Washington, D.C. regional office arranged permanent financing of $12 million for a four-building, 193,119 sq. ft. industrial park located in Dulles, Virginia. The property is bounded by Route 28 to the east and Dulles Toll Road to the south and Route 606 to the north. The park is currently 100 percent leased to 11 tenants, featuring a well-diversified rent roll and a manageable lease expiration schedule. The core holding was placed with a major U.S. insurance company who provided twenty-year fixed-rate debt.
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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.
