Northmarq’s Washington, D.C. office completes $26 million refinance of Newington Business Center
Newington Business Center
WASHINGTON, D.C. (July 26, 2023) — Jason Smith, SVP/managing director, and Gary McGlynn, SVP/managing director, of Northmarq’s Washington, D.C. Debt and Equity team, arranged the refinance of $26 million for Newington Business Center. The seven-building, ± 253,000 sq. ft. industrial portfolio is located at 8532-8540 Terminal Road in Lorton, Fairfax County, Virginia. Northmarq arranged financing on behalf of the borrower through its relationship with a life insurance company.
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