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

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.