NorthMarq Capital’s Washington, D.C. office completes $50 million permanent loan for Prosperity Metro Plaza in Fairfax, Virginia
Prosperity Metro Plaza
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.
About Northmarq
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.
