July 9, 2018

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

Tavern Square

Debt & Equity

Multi-Tenant

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.

Available Mixed Use properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.