HOUSTON--Westland Bunker, a 2N data center and office complex in Montgomery, has been recapitalized thanks to a $33.5 million loan serviced by HFF.
Working on behalf of the borrower, Houston Bunker LLC, HFF placed the loan with Sovereign Bank and Hillcrest Bank.
Reps with HFF were unable to comment further about the transaction.
Westland Bunker is situated on a 50-acre campus at 550 Club Drive about 45 miles north of Houston's central business district. The property consists of a 19,116-square-foot, two-story, underground data center and a four-story, 61,086-square-foot office building. Westland Bunker was originally built in 1982, but since 2007, nearly $30 million of capital improvements have been made, mostly to the data-center space. Overall, the property is 90 percent leased to a diverse list of users.
Managing director Colby Mueck led the HFF debt placement team representing the borrower.
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