Northmarq finalizes $18 million refinance for Sunnyside Industrial Center in Beltsville, MD
Sunnyside Industrial Center
WASHINGTON, D.C. (Nov. 15, 2023) — Jason Smith, SVP/managing director, and Gary McGlynn, SVP/managing director, of Northmarq’s Washington, D.C. Debt + Equity team secured the $18 million refinance of Sunnyside Industrial Center. The ±250,000 sq. ft. industrial property is located at 5700 Sunnyside Avenue in Beltsville, Maryland. Northmarq arranged financing on behalf of the borrower through its relationship with a life insurance company.
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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.
