NorthMarq Capital’s Washington, D.C. office completes $50 million permanent loan for Prosperity Metro Plaza in Fairfax, Virginia
Prosperity Metro Plaza
WASHINGTON, D.C. (March 25, 2015) – Kenneth Gentzel, senior vice president/co-managing director and Gary McGlynn, senior vice president/co-managing director of NorthMarq Capital’s Washington, D.C. office arranged the $50 million financing of a permanent loan for Prosperity Metro Plaza, a 328,153 sq.ft. class “A” multi-story office complex containing two buildings located at 2675 and 2677 Prosperity Avenue in Fairfax, Virginia. The transaction was structured with long term interest-only financing. NorthMarq arranged financing for the borrower through its relationship with an exclusive life company correspondent. GSA-USCIS and GSA-DEA, QinetiQ, Pyramid Systems and Virginia Polytechnic Institute represent the property’s major tenants. “Located in the desirable Merrifield submarket, the property is adjacent to the Dunn Lorring-Merrifield Orange Line Metro Station and has direct visibility to I-66,” said Gentzel.
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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.
