Mixed Use - Debt

NorthMarq Capital arranges acquisition/renovation and bridge financing of $39 million for mixed-use property located in Old Town Alexandria, Virginia

WASHINGTON D.C. (July 9, 2018) – NorthMarq Capital’s Washington, D.C. regional office arranged a $39 million loan facility for Tavern Square; a 171,000 square foot office and retail property located in historic Old Town.  The debt placement was on behalf of a joint venture between Galaxy Investments, LLC and an institutional investor. The 60 percent leased property presents an opportunity to bring new life to a property located across from the iconic Alexandria City Hall and occupies an entire city block with frontage directly on King Street.

With amenities galore, tenants can shop in over 530 retail stores, dine at over 100 restaurants, stroll the historic streets of Old Town and have proximity to luxury hotels, Metro and WaterTaxi service to Georgetown, Nationals Park, National Harbor, The Wharf and National Mall.   

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.