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Washington DC & Mid-Atlantic  + DC Metro  + Retail  |  October 12, 2020
David Cohen
By: David Cohen

Axiom Capital Secures $5M Acquisition Loan for Virginia Retail Plaza

Axiom Capital Corp. has secured a $5 million acquisition loan for Hoadly Marketplace, a 47,935-square-foot grocery-anchored retail plaza in Manassas, VA.

Located at 6308-6356 Hoadly Road, the retail center features a tenant mix that includes Pizza Hut, Snap Fitness, a nail salon, dentist and primary care center as well as a Food Lion. Additionally, the property is shadow anchored by a 14,690-square-foot CVS Pharmacy location.

Axiom secured a seven-year acquisition loan with a 25-year amortization schedule on behalf of the undisclosed borrower. The lender was also undisclosed.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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