NorthMarq Capital arranges permanent financing of $10.2 million for industrial property in Chantilly, Fairfax County, Virginia

Industrial Property
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WASHINGTON, D.C. (May 18, 2017) – Gary McGlynn, senior vice president/managing director and Jason M. Smith, senior vice president/senior director of NorthMarq Capital’s Washington, D.C. regional office, secured permanent financing of $10.2 million for a 100 percent leased, 124,000 sq. ft. industrial property located in Chantilly, Virginia. The property consists of flex/industrial showroom space, with many of the tenants being local.

Chantilly Business Center is strategically located at the US-50/VA-28 intersection, a major intersection in Chantilly, VA as US-50 provides direct access into Washington, D.C. and VA-28 (Sully Road) provides a North-South connector of several major interstates in the region, including: VA-267 (Dulles Toll Road), US-50, and I-66. Fairfax County features a dense residential base, compelling demographic composition and strong industrial market statistics.

Major employers in the area include The Aerospace Corporation, Apptis, ASC, CSC, General Dynamics, Lockheed Martin, MainTech International, NRO, Quest Diagnostics, SAIC, UPS and the Virginia Department of Transportation.

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.

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