Northmarq secures $65 million in acquisition financing for Jasper Columbia Pike
Jasper Columbia Pike
WASHINGTON, D.C. (Sept. 14, 2023) — Jason Smith, SVP/managing director, and Kevin Gentzel, vice president, of Northmarq’s Washington, D.C. Debt + Equity Team, secured $65 million in acquisition financing for Jasper Columbia Pike. The mixed-use property located at 1028 S. Walter Reed Dr. in Arlington, Virginia, was built in 2009 and contains 269 units.
Northmarq’s Mid-Atlantic Investment Sales team of Chris Doerr, Will Harvey, Shack Stanwick, Ari Azarbarzin and Anthony Pino of Northmarq’s newly established Washington, D.C. and Baltimore Investment Sales offices collaborated to broker the $105 million sale of Jasper Columbia Pike. Northmarq represented the seller, AvalonBay Communities.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
