LEVELLAND — The Levelland Economic Development Corp. and Titan Transloading have come to an agreement with their lenders to break ground on a $5.1 million transloading facility in the Levelland Industrial Rail Park. The facility will consist of four 2,000-ton overhead silos and a 20,000-square-foot warehouse. Additionally, Titan Trucks has added $3.65 million in equipment, mostly trucks and trailers.
HOUSTON — ARA has arranged the sale of The Bristol, an 856-unit, REO apartment community located at 1221 Redford Road in Houston. David Wylie, Russell Jones, Matt Saunders and Zach Springer represented the seller, Atlanta-based TriMont Real Estate Advisors. Philadelphia-based Resource Real Estate purchased the community in an all-cash transaction.
MIDLAND — Marriott International has opened a 100-unit TownePlace Suites by Marriott, located at 5508 Deauville Blvd. in Midland. The hotel will operate as a Marriott franchise and will be owned and operated by Dallas-based Western International. The hotel offers a business center, laundry facilities, a market, outdoor swimming pool, fitness center, a bar, an outdoor patio, 1,500 square feet of meeting space and complimentary wireless Internet for all rooms.
PLANO — KDC has leased an additional 123,716 square feet of office space to Denbury Resources at The Campus at Legacy, located at 5360 Legacy Drive in Plano, which brings Denbury's footprint in The Campus at Legacy to 500,000 square feet. The newly expanded office space is now Denbury's corporate headquarters. The Campus at Legacy features other tenants such as PepsiCo., Dr. Pepper Snapple Group, Rent-a-Center and St. Jude Medical. John Brownlee represented KDC in-house in the lease transaction, as well as KDC's partner Spear Street Capital.
DENTON — National Asset Services (NAS) has directed the revitalization and refinancing of the 240-unit Cooper Glen, a 212,000-square-foot multifamily property located in Denton. NAS reorganized and consolidated the tenant-in-common co-owners into a new, limited liability company. Additionally, the occupancy of the community has increased from 75 percent to approximately 95 percent after one year.
PFLUGERVILLE — Arista Data Centers plans to develop a $210 million, 500,000-square-foot data center with four to six buildings in Pflugerville. The project is slated to bring at least 170 jobs to the community within 10 years. The facility is being designed to achieve LEED Silver certification. Arista worked closely with the Pflugerville Community Development Corp. in deciding to build the facility in Pflugerville.
HARKER HEIGHTS — Rendina Cos. has completed construction on the 60,000-square-foot Harker Heights Medical Pavilion, located on the Seton Medical Center Harker Heights campus in Harker Heights. Rendina was responsible for all aspects of development, including construction management, leasing and tenant improvement coordination. The new facility will consist of family practice, cardiology, OB/GYN, orthopedics, ophthalmology, ear, nose and throat, podiatry and emergency medicine. The facility is a collaborative effort between Rendina, LHP Hospital Group and Seton Medical Center Harker Heights.
NORMAN, OKLA. — HFF has secured $23 million in refinancing for the 268-unit, 792-bed Crimson Park, a student housing community located near the University of Oklahoma in Norman. Timothy Wright and Zack Holderman of HFF arranged the 10-year loan thorough Freddie Mac's CME Program on behalf of the borrower, San Diego-based Pierce Education Properties. The student housing property features a 24-hour fitness center, a basketball court, sand volleyball court, putting green, three-tier resort-style pool, hot tub, fire pit, tanning bed and media room.
FORT WORTH — Berkadia Commercial Mortgage has originated a $22.49 million loan for the 273-unit Enclave on Golden Triangle, a Class A multifamily community located in Fort Worth. Steve Mentesana and John Koeijmans of Berkadia arranged the 35-year loan with a 35-year amortization schedule through the Fort Worth Housing and Urban Development Multifamily Center on behalf of the borrower, Daymark Realty Advisors. The property is currently 96 percent occupied and features a two-story business and fitness center.
DALLAS — Digital Realty Trust has purchased a 269,600-square-foot data center known as The Databank Building, located at 400 S. Akard St. in Dallas' Central Business District. The property is 85 percent leased to eight tenants.