NorthMarq arranges acquisition financing of $15.6 million for retail property in Alexandria, Virginia
Retail Property
WASHINGTON, D.C. (October 30, 2019) – NorthMarq’s Washington, D.C. debt/equity team collaborated to secure acquisition financing of approximately $16 million for a 45,000 sq. ft. retail property located in Alexandria, Virginia. The property was developed in the supply constrained submarket of Alexandria, which is surrounded by some of the best demographics in the country.
The property is strategically located approximately one mile from I-495, which provides great access to other major commercial arteries throughout the Washington D.C. Metropolitan Area.
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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.
