Holliday Fenoglio Fowler, L.P. (HFF) announces construction financing and joint venture equity for the development of a 130,000-square-foot data center in the Telecom Corridor of Richardson, Texas.
The HFF team worked on behalf of the borrower, KDC Real Estate Development and Investments, to secure a construction loan as well as joint venture equity for the development.
The fully-entitled, to-be-built data center facility will be located at the southeast corner of North Plano Road and East Lookout Drive in the northeast Dallas-area community of Richardson. This location is within the Richardson Telecom Corridor, the most significant submarket within the Dallas Fort Worth hi-tech sector, which is home to the most data centers in the metro area belonging to companies such as Cisco, Bank of America, State Farm, TD Ameritrade, LinkedIn/Microsoft and Digital Realty. The facility will be adjacent to an ONCOR substation, greatly reducing the risk of electrical downtime due to the short feeder run. Additionally, the facility has excellent access to approximately 18 fiber providers within the area.
The HFF debt placement team representing the borrower included senior directors Cullen Aderhold and Jim Curtin and director Michael Cosby.
About KDC
KDC is a leading corporate build-to-suit development and investment firm for companies across the country. Within the last 29 years, KDC has produced approximately 33 million square feet valued at over $7 billion. KDC addresses the future of Corporate America by developing walkable, mixed-use urban environments anchored by notable clients, and specializes in datacenter and broadcast studio build-to-suits. KDC's portfolio includes developments for FedEx, J.P Morgan Chase, Liberty Mutual, Raytheon, State Farm (Dallas and Atlanta offices), and Toyota North America. KDC is headquartered in Dallas and is supported by a national team with offices in Atlanta, Charlotte, N.C. and Houston. For more information, please visit kdc.com.
About HFF
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
