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.
ARLINGTON AND SUNNYVALE — Dallas-based Caddis Partners has sold two medical office buildings — The Texas Medical Clinic at Arlington in Arlington and Sunnyvale Medical Plaza in Sunnyvale — to an affiliate of American Realty Capital Healthcare Trust. Caddis Partners will continue to manage the properties. The Texas Medical Clinic at Arlington is 66,819 square feet and features space for 40 physicians. The property features an on-site lab, a sleep lab, a conference room and a women's center with diagnostic imaging. The medical office building was developed by Caddis Partners in 2010. Sunnyvale Medical Plaza is 48,910 square feet on the campus of the Texas Regional Medical Center at Sunnyvale. The 70-bed hospital was developed by Caddis Partners in 2009.
HOUSTON — Emser Tile has renewed its lease of a 417,350-square-foot distribution center, located at 9835 A Genard Road in Houston's Northwest submarket. First Industrial Realty Trust, the landlord, was self-represented by Royal Pratt. As of March 31, First Industrial's 3.6 million-square-foot portfolio in Houston was 99 percent leased.
MANSFIELD — Venture Commercial has arranged the sale of a 21-acre land parcel, located at the southwest corner of U.S. Highway 287 and Broad Street in Mansfield. Kohl's and Quik Trip are currently located on the site. Chris Booras, David Davidson, Edward Bogel and John Zikos of Venture Commercial represented the buyer, Dallas-based 42 Real Estate LLC, in the transaction. Dusty Renfro of Gridiron Capital represented the seller.
HOUSTON — ICO Commercial has brokered the sale of 6,300 square feet of office/warehouse space, located at 14814 Park Almeda Drive in Houston. Nick Peterson and Payton Indermuehle of ICO Commercial represented the buyer, K&K Depeuter Investments, in the transaction. Clay Pritcett of NAI Houston represented the seller.