REBusinessOnline

NEWPORT NEWS’ TURNBERRY CROSSING RECEIVES FINANCING

NEWPORT NEWS, VA. — Matthew Kohlhoss and Gary McGlynn of NorthMarq Capital’s Washington, D.C., office have arranged $2.6 million in first mortgage financing for SOJ’s 53,775-square-foot Turnberry Crossing, located at 12638 Jefferson Ave. in Newport News. Financing for the center, which includes the tenants Tuesday Morning and Goodwill Industries, was secured through StanCorp Mortgage Investors. The loan has a 20-year term and a 25-year amortization schedule.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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