NorthMarq Capital’s Washington D.C. office arranges $15,200,000 in construction financing for bulk industrial in Manassas, Virginia
Bulk Industrial - Construction
WASHINGTON, D.C. (May 30, 2017) – NorthMarq Capital’s Washington D.C. regional office arranged construction financing of $15,200,000 to provide for the development of Phase I of a class "A" industrial warehouse project located in Manassas, Virginia. Phase I will contain 289,000 sq. ft. with ceiling heights of up to 24 feet. Targeting industrial tenants in a market that offers few comparable alternatives, the development will provide a highly sought after product type. Well-located and adjacent to Interstate 66, one of the region’s most important interstate highways, the project will offer outstanding access to the major markets of Washington, D.C., Northern Virginia and suburban Maryland.
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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.
