Northmarq secures $51 million in acquisition financing for 95 Distribution Center
WASHINGTON, D.C. (August 1, 2023) — Jason Smith, SVP/managing director, and Gary McGlynn, SVP/managing director, of Northmarq’s Washington, D.C. Debt + Equity team secured $51 million in acquisition financing for 95 Distribution Center. The ±485,000 sq. ft. warehouse/distribution facility is 100% leased to FedEx and located at 180 Centreport Parkway in Fredericksburg, Stafford County, Virginia. Northmarq arranged financing on behalf of the borrower through its relationship with a life insurance company.
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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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
