BWE has secured a $15.5 million loan to refinance the Troy Corporate Center, a Class-A office building in Troy, Michigan, part of the Detroit metropolitan area.
Dan Rosenberg, executive vice president in BWE’s Chicago and Boca Raton offices, together with Logan Petersmeyer, senior analyst in the Chicago office, and Isabella Barrios, analyst in the Boca Raton office, executed the transaction on behalf of Integris Ventures, a Midwest-based commercial real estate investment firm specializing in office, retail, and industrial properties throughout the United States.
The non-recourse loan, secured from a life insurance company, features a highly competitive interest rate and a 30-year amortization. The property, located at 880 Long Lake Rd., features 189,790 square feet of space across six stories. In addition to the completely renovated common areas, amenities include a micromarket, conference and event space, covered parking, locker rooms and a first-class fitness facility.
The post BWE Secures $16M to Refinance Office Building in MI appeared first on Connect CRE.
​Â