$160M LOAN CLOSED ON THE COLONNADE IN DALLAS

by admin

DALLAS – New Jersey-based Deerwood Real Estate Capital has closed a $160 million acquisition loan for The Colonnade, a 1.05 million-square-foot office building complex comprised of three towers in the far north Dallas submarket. Tenants include Zurich American Insurance Co., United Surgical Partners, Hilton Worldwide, New York Life Insurance and Willis Insurance. David Rosenberg and Joe Hercenberg of Deerwood arranged the 10-year loan with three years interest-only payments and a 30-year amortization schedule.

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