NorthMarq Capital’s Washington D.C. office arranges $10,250,000 in equity financing for bulk industrial in Manassas, Virginia
Bulk Industrial - Equity
WASHINGTON, D.C. (June 8, 2017) – NorthMarq Capital’s Washington D.C. regional office arranged equity financing of $10,250,000 to provide for the development of Phase I of a class "A" industrial warehouse project located in Manassas, Virginia. Phase I will consist of approximately 289,000 sq. ft. of rentable area. The development will compete in the supply constrained and rapidly growing northern Prince William County industrial market. 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.
