NorthMarq Capital arranges $18.5 million permanent financing for retail property in Washington, D.C.
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 permanent financing of $18.5 million for a 97,213 sq. ft. neighborhood retail property located in Washington, D.C. The grocery anchored center is less than a mile from Naylor Road Metro. This property tenancy includes: Safeway, Rainbow, Pizza Hut, United States Post Office, among others. Financing was sourced from an insurance company relationship NorthMarq has had for many years.
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