Sterling Realty Organization Secures $27 Million Refinance Loan For Island Corporate Center In Mercer Island

Island Corporate Center is a 105,417-square-foot office building located at 7525 Southeast 24th Street in Mercer Island, WA. The asset is valued at $27,000,000 and was involved in a refinancing transaction.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $27,000,000
• Lender: Brookfield Properties
• Landlord: Brian Kosoy - Sterling Realty Organization
• Loan Type: Refinance
• Loan Date: 07/16/2026

Sterling Realty Organization secured a refinancing loan from Brookfield Properties, replacing a 2017 acquisition note, as the office market in Seattle shows signs of improvement, with a reduction in vacancy rates year-over-year.