Sterling Organization Secures $32M Loan For Retail Property In Colleyville

Located at 5605 Colleyville Blvd, this retail property in Colleyville was recently involved in a closed transaction. The asset spans over 246,327 square feet, offering ample space for retail operations. The property is owned by Sterling Organization, represented by Brian Kosoy.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $32,000,000
• Loan Terms: three-year initial term, with two one-year extension options

The deal was facilitated by the CBRE Capital Markets team, comprising Shaun Moothart, Dana Summers, Scott Lewis, and Frank Piasta. These brokers worked alongside the buyer and seller to ensure a successful transaction.

With this loan, the involved parties secured a substantial amount of $32,000,000. The loan terms include a three-year initial term, with two one-year extension options, providing flexibility and stability for the borrower.