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| August 08, 2012 |
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| CYRUSONE TO BUILD 120,000 SF DATA CENTER |
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HOUSTON — CyrusOne has plans to add a 120,000-square-foot data center at its Houston West location, bringing the three-center property to a total of 300,000 square feet. The data center, which will provide 24 mW of power, is slated for a first quarter 2013 completion. The facility is being built to achieve LEED Platinum certification.
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| PMFG BREAKS GROUND ON MANUFACTURING FACILITY |
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DENTON — Dallas-based PMFG has begun construction on its new 80,000-square-foot manufacturing facility, located in Denton. CBRE Group represented PMFG in its acquisition of the 33-acre site. The facility is slated to employ approximately 150 people upon completion.
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| PANTHER TRANSACTION BUYS WESTGATE APTS. |
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IRVING — Panther Transaction Group, in a partnership with a Dallas-based multifamily investor, has purchased the 256-unit Westgate Apartments, located at 3829 William DeHaes Drive in Irving. The partnership has plans to make interior renovations exceeding $500,000. The community is 94 percent occupied. Transwestern represented both the buyer and seller in the transaction.
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| M&M BROKERS SALE OF HAVENWOOD IN FORT WORTH |
Havenwood, a multifamily community located at 6500 Melwood St. in Fort Worth.
FORT WORTH — Marcus & Millichap has arranged the sale of the 316-unit Havenwood, a multifamily community located at 6500 Melwood St. in Fort Worth. The community features two swimming pools, a fitness center, tennis and racquetball courts, security systems and washer/dryer connections. The property is 94 percent occupied. Al Silva of Marcus & Millichap's Fort Worth office represented the seller, a Dallas-based investor, in the transaction and represented the buyer, an out-of-state partnership. Marcus & Millichap Capital Corp. arranged a 10-year loan through Fannie Mae for the acquisition on behalf of the buyer.
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| AMREIT'S UPTOWN PLAZA DALLAS FETCHES $14M LOAN |
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DALLAS — Houston-based AmREIT Inc. has taken a $14 million loan for its Uptown Plaza Dallas property, a 34,250-square-foot retail center located at 222 McKinney Ave. in Dallas. The property is fully leased to tenants including Morton's Steakhouse, Salon 2222, Aqua Medical Spa, The CupCakery, Wells Fargo, The Texas Rangers, Pei-Wei, Potbelly, Smashburger and Verizon Wireless. AmREIT's existing $10.4 million loan was refinanced with a 10-year loan with a 30-year amortization schedule. HFF arranged the loan through the Life Insurance Co. of the Southwest, an affiliate of Sentinel Investments.
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Texas
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