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| Retail Property, 2-10 East Glebe Road, Alexandria, VA |
FALLS CHURCH, VA, March 1,
2017 – Spence Hill Associates announced today that it has arranged a $2,625,000
mortgage loan for the acquisition of a retail property located at 2-10 East
Glebe Road, Alexandria, Virginia.
Michael H. Trauberman, Managing Director of Spence Hill Associates, arranged
and negotiated the financing on behalf of the purchaser, McLean Village
LLC. The 10-year loan was placed with a
Virginia-based bank and features an initial five-year fixed interest rate of
3.91%.
2-10 East Glebe Road is a
9,660 square foot retail property situated on 25,627 square feet of land. The property is located at the corner of East
Glebe Road and Commonwealth Avenue on the border of the Del Ray and Arlandria
neighborhoods in Alexandria.
Tenants include Northside
10, Alexandria Community Health Services and Auburn Cleaners. Northside 10 is the newest neighborhood
restaurant and bar from Meridian Place Food Group, owners of Southside 815 in
Old Town.
Spence Hill Associates, a
real estate investment banking firm founded in 1993, arranges the financing and
sale of commercial real estate, and provides financial advisory services to
real estate owners, developers, and institutions throughout the United
States. Spence Hill Associates is
headquartered in Falls Church, Virginia.
For a complete copy of the company’s news release,
please contact:
Michael Trauberman
Managing Director
Spence Hill Associates
323 N. Underwood St.,
Suite 200
Falls Church, VA 22046
Office: 571.641.3050
Cell: 202.903.3377
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