NorthMarq Capital’s Washington, D.C. office arranges acquisition/bridge financing in Tysons Corner, Virginia
Office Building

WASHINGTON, D.C. (May 22, 2017) – NorthMarq Capital’s Washington, D.C. regional office arranged $40,720,000 in acquisition/bridge financing for a 262,000 sq. ft. office building located in Tysons Corner, Virginia. The 10-story building provides exceptional visibility from the Capital Beltway, convenient ingress and egress to the highway system and access to the full amenity base that Tysons Corner offers. The subject maintained strong occupancy throughout its history. However, due to a 2015 lease expiration of a large tenant the building’s occupancy dropped significantly, thereby providing an opportunity to purchase the property well below comparable sales and reproduction cost. The institutional acquisition also provides an opportunity to reposition the asset so it may compete with “A” quality buildings in one of the largest office markets in the United States.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.