PLANO, TEXAS — Aligned Data Centers, a division of Aligned Energy, has opened a new data center in Plano. The Aligned Plano data center, situated on a 19-acre campus at 2800 Summit Ave., offers 108,000 square feet and 12.5 megawatts of power. When complete, the site will provide 300,000 square feet and 30 megawatts.
PEARLAND, TEXAS — NAI Partners represented Tool-Flo Manufacturing in the acquisition of 15 acres to build an 80,000-square-foot metal machining facility and office located in the Spectrum Business Park in Pearland. Tool-Flo Manufacturing began operation in Houston in January 1978. The company serves the carbide threading and grooving market globally. Tool-Flo employs manufacturer’s representatives to cover the United States and to service the U.S. distributor network. The markets Tool-Flo serves include automotive, aerospace and medical and oil industry products and basic domestic manufacturers. Dan Boyles Jr. and Lane Morgan of NAI Partners represented the buyer, Tool-Flo Manufacturing, during the negations, while Justin Patchen of Urban Meridian Group represented the seller, Spectrum 86 Partners.
FORT WORTH, TEXAS — Lee & Associates has completed a lease transaction for a 197,600-square-foot space located at 5400 Alliance Gateway Freeway in Fort Worth. Trey Fricke and Reid Bassinger of Lee & Associates represented the landlord, Liberty Property Trust, and Gary Lindsey of Newmark Grubb Knight Frank represented the tenant.
FRISCO, TEXAS — Pierson Retail Advisors (PRA) has arranged the sale of Main Street Center, a 53,207-square-foot shopping center located in Frisco. The retail center is 98.8 percent leased to tenants including Subway, Pizza Hut, Kelly-Moore Paints, State Farm and Texas Family Fitness. PRA represented the seller, Bo Avery, Main FM 423 LLC. Bill Morris of Morris Capital Partners, along with Terry Syler of The Retail Connection, purchased the asset. The entire team at Pierson Retail Advisors in Dallas handled the sale.
DALLAS — Carey Watermark Investors Inc. (CWI 1) has acquired Le Meridien Dallas, The Stoneleigh, a 176-room hotel in Uptown Dallas. Originally built in 1923, Le Meridien Dallas, The Stoneleigh is an Art Deco-style hotel that is listed on the National Register of Historic Places. The hotel underwent a $36 million renovation in 2008. Since then, $4.5 million has been spent to further upgrade the property, and in early 2016, an additional $4 million renovation is planned for guestroom and corridor updates, the addition of an outdoor courtyard event space, a pool and other enhancements. Le Meridien, a Starwood Hotels & Resorts brand, is a global hotel brand with a portfolio exceeding 100 hotels in more than 50 countries. The hotel will continue to be managed by Merritt Hospitality, an affiliate of HEI Hotels & Resorts, a hospitality owner and operator that owns and manages 48 hotels and resorts throughout the United States. Merritt Hospitality manages the Westin Pasadena, Westin Minneapolis, Sheraton Austin at the Capitol and the Boca Raton Marriott at Boca Center for CWI 1. Le Meridien Dallas, The Stoneleigh includes 8,900 square feet of meeting and event space, a three-meal restaurant, lobby bar, outdoor pool and event …
AMARILLO, TEXAS — HFF has secured $28.2 million in construction financing to develop a 225-room Embassy Suites hotel to anchor the Civic Center redevelopment in Amarillo. HFF worked on behalf of the developer, NewcrestImage, to secure the financing through Southwest Bank, the largest locally owned bank in Fort Worth. Located at the intersection of 6th Avenue and Buchanan Street, the 200,000-square-foot Embassy Suites hotel will be part of planned improvements in downtown Amarillo surrounding Amarillo’s Civic Center, a multi-purpose convention center that will also include retail, a parking garage and an entertainment venue/ballpark. Amarillo is the 14th-largest city in Texas and the largest city in the Texas Panhandle. The all-suite, Hilton-branded hotel will feature 30,000 square feet of meeting and function space, 300 parking spots in an adjacent garage, lounge and lobby bar, pool, fitness center and full-service restaurant for breakfast, lunch and dinner. The hotel is expected to be complete in 2017. Travis Anderson and Jim Curtin led the HFF debt placement team representing the borrower.
AUSTIN, TEXAS — Marcus & Millichap has arranged the sale of Rodeway Inn & Suites Downtown North Austin, a 49-room hospitality property located in Austin. Chris Gomes of Marcus & Millichap’s Dallas office, Allan Miller of Marcus & Millichap’s San Antonio office and Jake Gaddy of the firm’s Austin office marketed the property on behalf of the seller, a limited liability company. Michael Yu, Rahul Bijlani and Agrama Mannapperuma of Marcus & Millichap’s Houston office procured the buyer, an individual/personal trust. Rodeway Inn & Suites Downtown North Austin is located at 6201 E. Highway 290, less than one-half mile east of the I-35 intersection. Originally constructed in 1963, the recently renovated hotel is situated on 1.6 acres. Amenities include an outdoor pool, picnic area and breakfast bar.
FORNEY, TEXAS — Bellomy & Co. has arranged the sale of I-20 Self Storage in Forney. The facility consists of 484 climate and non-climate controlled units with 52,600 net rentable square feet. The property was 82 percent occupied at the time of closing. Bill Bellomy, Michael Johnson and John Arnold of Bellomy & Co. marketed the property on behalf of the Dallas-based seller. Bellomy, Johnson and Arnold procured the Greenwood Village, Colo.-based buyer, National Storage Affiliates (NSA). NSA owns and operates 277 self-storage facilities in 16 states. Bellomy & Co. is an Austin, Houston and Atlanta-based commercial real estate firm with a team exclusively focused on the self-storage industry.
FORT WORTH, TEXAS — The Reserve at McAlister, a community for adults 55 and over in south Fort Worth near Burleson, is now open. General contractor KWA Construction began the project last fall. The 107,000-square-foot, 124-unit project from Ohio-based developer Miller-Valentine Group was designed by Kelly Grossman Architects to meet the needs of independent adults that are at least 55 years of age. KWA Construction specializes in multifamily construction with multiple projects in senior living, including Hillside West in North Oak Cliff and Heritage Village in Hurst, Texas. Located at 432 McAlister Road between Hemphill Street and I-35 West, the one- and two-bedroom apartment community offers amenities including fully equipped kitchens. The community grounds feature a fitness center, media and business centers and a swimming pool, as well as a multi-purpose community room with a kitchen and dining area.
SAN ANTONIO — Marcus & Millichap has arranged the sale of the 122-room Holiday Inn San Antonio Northwest. Allan Miller and Chris Gomes of the firm’s Dallas office represented the seller. Marcus & Millichap’s National Retail Group procured the buyer. Both buyer and seller are Texas-based private investment groups. The hotel is located at 5535 University Heights near I-10 and Loop 1604, two miles from the University of Texas at San Antonio and three miles from Six Flags Fiesta Texas. Constructed in 2012, the Holiday Inn San Antonio Northwest is a four-story interior-corridor, full-service hotel.