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ALLEN — A joint venture between Fort Worth-based Trademark Property Co., New York-based Coventry Real Estate Advisors, Tennessee-based Southern Land Co. and Los Angeles-based PCCP has acquired Watters Creek at Montgomery Farm, a Class A mixed-use project in Allen. Watters Creek is a 706,000-square-foot development that consists of 100,000 square feet of office space, 356,000 square feet of retail space and the 233-unit Lofts at Watters Creek. The joint venture acquired the note on the property from a multi-bank syndicate led by PNC Bank. PCCP provided the capital through its PCCP Equity VI fund. Trademark has also signed leases at Watters Creek with Z Gallerie for 8,500 square feet and Texas Health Resources for 6,000 square feet.