Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-When First Potomac acquired 500 First St., NW, last month for $68 million, the deal was notable because it was the REIT’s first core office acquisition in the District. There was also a surprise in store for Kenneth Gentzel, SVP and managing director at NorthMarq: The permanent financing of $39 million, placed by Hartford Insurance Co., took only 20 days to close after the lender’s issuance of the term sheet. Gentzel arranged the financing with colleague Gary McGlynn, also an SVP at NorthMarq.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.