NorthMarq Capital’s Washington, D.C. office arranges acquisition financing of $10 million for office portfolio in White Marsh, Maryland
Office Portfolio
WASHINGTON, D.C. (November 7, 2016) – Jason M. Smith, senior vice president, and Gary McGlynn, senior vice president/managing director of NorthMarq Capital’s Washington, D.C.-based regional office, arranged acquisition financing of $10 million for a 130,036 sq. ft. office portfolio located in White Marsh, Maryland. The portfolio is comprised of five single story office properties that are currently leased to a total of sixteen diverse tenants, including: BB&T, MedStar Health, Ryan Homes and Verizon. The location connects directly to I-95 and provides convenient access to the surrounding areas major thoroughfares, including: I-695, Route 1, Route 40 and Route 43. Financing was sourced from an insurance company relationship NorthMarq has had for over twenty years.
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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.
