NorthMarq Capital brokers the sale and acquisition of Manchester Park for $5.5 million in Richmond, Virginia
RICHMOND (July 24, 2018) – Mike Lowry, senior vice president of NorthMarq Capital’s Richmond regional office brokered the sale and acquisition of Manchester Park, a 24 unit, mixed-use project located in the historic Manchester district of Richmond, Virginia for $5,500,000. Rapid access is easy to the financial district, state and city government, VCU’s Academic and Health System campuses. The seller was a local partnership and the buyer was a local investor.
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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.
