WASHINGTON, D.C. (March 25, 2015) – Kenneth Gentzel, senior vice president/co-managing director and Gary McGlynn, senior vice president/co-managing director of NorthMarq Capital’s Washington, D.C. office arranged the $50 million financing of a permanent loan for Prosperity Metro Plaza, a 328,153 sq.ft. class “A” multi-story office complex containing two buildings located at 2675 and 2677 Prosperity Avenue in Fairfax, Virginia. The transaction was structured with long term interest-only financing. NorthMarq arranged financing for the borrower through its relationship with an exclusive life company correspondent. GSA-USCIS and GSA-DEA, QinetiQ, Pyramid Systems and Virginia Polytechnic Institute represent the property’s major tenants.
“Located in the desirable Merrifield submarket, the property is adjacent to the Dunn Lorring-Merrifield Orange Line Metro Station and has direct visibility to I-66,” said Gentzel.