Northmarq secures $65 million in acquisition financing for Jasper Columbia Pike
WASHINGTON, D.C. (Sept. 14, 2023) — Jason Smith, SVP/managing director, and Kevin Gentzel, vice president, of Northmarq’s Washington, D.C. Debt + Equity Team, secured $65 million in acquisition financing for Jasper Columbia Pike. The mixed-use property located at 1028 S. Walter Reed Dr. in Arlington, Virginia, was built in 2009 and contains 269 units.
Northmarq’s Mid-Atlantic Investment Sales team of Chris Doerr, Will Harvey, Shack Stanwick, Ari Azarbarzin and Anthony Pino of Northmarq’s newly established Washington, D.C. and Baltimore Investment Sales offices collaborated to broker the $105 million sale of Jasper Columbia Pike. Northmarq represented the seller, AvalonBay Communities.
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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. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.
