Northmarq’s Washington D.C. office completes $32 million acquisition financing for Union Cross Distribution Center
Union Cross Distribution Center
WASHINGTON, D.C. (August 8, 2022) Gary McGlynn, managing director and Kenneth Gentzel, managing director of Northmarq’s Washington, D.C. debt/equity team, finalized the $32 million acquisition loan for Union Cross Distribution Center. Built in 2022, the 610,000 sq. ft. industrial property is located at 4051 Wallburg Road Winston-Salem, North Carolina. Northmarq arranged the financing through a major life insurance company relationship.
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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.
