"After a nine-month review, our facility committee determined Corporate Woods offered the best existing space in terms of its large floor plates, ample parking, convenient location and overall amenities," says Douglas Danforth, Jr., president and chiefexecutive officer of Midland Loan Services.
Corporate Woods is a wooded, suburban campus with 24 office buildings, retail shops and a hotel, and is located at the southeast quadrant of Interstate 435 and US Highway 69. Midland's 450 employees will occupy five floors in one of the new 10-story buildings there.
The company will continue to maintain offices in Arlington, TX, Little Rock, AR, and Washington, DC.
Chris Wally of Trammell Crow Co. represented Midland in its search, and Jon Hitchcock and Bob Cattanach of MC Real Estate Services represented Corporate Woods in the transaction.
Midland Loan Services, Inc. is a provider of loan servicing, asset management and technology for the commercial real estate finance industry. The company's commercial mortgage servicing portfolio totaled approximately $66 billion as of Sept. 30. Midland isthe largest servicer of commercial mortgage-backed securities, according to the Mortgage Bankers Association.
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