REBusinessOnline.com

August 03, 2012

STREAM COMPLETES DATA CENTER IN RICHARDSON
Stream Data Centers has completed the construction of a 73,320-square-foot private data center. RICHARDSON — Stream Data Centers has completed the construction of a 73,320-square-foot private data center, located in the Telecom Corridor in Richardson. The facility was built to LEED Gold and Miami-Dade County Building Code standards. The facility delivers 3.375 mW of critical load and features a 10,000-square-foot data hall, disaster recovery office space, redundant private telecommunication rooms and a private utility yard. Stream Data Centers is also developing a private data center in Houston.


WHOLE FOODS-ANCHORED DEVELOPMENT COMING TO HOUSTON
HOUSTON — Whole Foods has pre-leased a 40,000-square-foot anchor space in a 135,000-square-foot development in the Vintage Marketplace in north Houston. The developer and owner, Read King Inc., was self-represented in the lease transaction by Tony Patronella and Christie Amezquita. The Whole Foods will be the first location in Houston north of Interstate 10. The development will break ground in January 2013 and is slated for a July 2013 delivery.


CALKAIN COS. BROKERS $6.25M WELLS FARGO SALE
HOUSTON — Calkain Cos. has arranged the $6.25 million sale of a 21,518-square-foot retail property in Houston that is leased to Wells Fargo. The lease term is 15 years. Andrew Fallon and Jerry Burg of Calkain Cos. represented the international buyer in the 1031 exchange.


ARBOR CLOSES SIX FANNIE MAE LOANS TOTALING $33.47M
TEXAS — Arbor Commercial Funding has arranged six loans totaling $33.47 million through Fannie Mae DUS and Fannie Mae DUS Affordable Housing Loan product lines for six multifamily properties. The communities include the 350-unit Park Village Apartments in Dallas, the 153-unit San Carlos Apartments in Dallas, the 50-unit Windsor Park Rental Homes in Fort Worth, the 309-unit Gardenview Apartments in Pasadena, the 122-unit Meadow Park Townhomes in Hewitt and the 140-unit Ridgeview Apartments in Sherman. Anthony Tarter of Arbor's Dallas originated the Fannie Mae loans for all six properties.


HFF ARRANGES FINANCING FOR THREE APT. COMPLEXES
Windscape Apartment Homes in Grand Prairie. DALLAS — HFF has secured financing for three multifamily communities totaling 600 units, located in the Dallas suburbs of Grand Prairie, Arlington and Irving. The communities include the 154-unit Windscape Apartment Homes in Grand Prairie, the 236-unit Oakchase Apartment Homes in Arlington and the 210-unit Stoneleigh at Valley Ranch in Irving. Windscape is fully leased, Oakchase is 98 percent leased and Stoneleigh is 95 percent leased. John Brownlee of HFF arranged the financing through Freddie Mac's CME program on behalf of the borrower, Pure Multi-Family REIT LP.

Texas