Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Chicago & Midwest  + Midwest  + Office  | 

BWE Secures $16M to Refinance Office Building in MI

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.

Connect

Inside The Story

BWEIntegris Ventures

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

New call-to-action
New call-to-action