NorthMarq Capital arranges permanent financing of $39 million for Washington, D.C. office property
WASHINGTON D.C. (August 30, 2018) – NorthMarq Capital’s Washington D.C. regional office arranged permanent financing of $39 million for a mid-rise, multi-tenant office property located in Washington, D.C. The 117,931 sq. ft. property is 100 percent leased and occupied by 26 tenants, featuring a well-balanced and manageable rollover schedule. This property has consistently outperformed the market, which is evidenced by its historical occupancy and stable operating performance.
The property, which was constructed in 1967 and renovated in 1982 and 1998, is strategically located one block from the United States Capitol, is less than one mile from I-395 and is within walking distance of three Metrorail Stations: Union Station (Red Line), Judiciary Square (Red Line), and Archives-Navy Memorial (Green & Yellow Line).
Meet our team
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.
