Houston-based Kinghorn, Driver, Hough & Co. arranged thefinancing through Union Central Life Insurance Co., headquarteredin Cincinnati. The 20-year loan carries a 20-year amortization,bearing a breakdown rate of $27.57 per sf.

The asset at 141 Manufacturing St. is situated in the TrinityMarket area. "The area," explains Don R. Smith, a vice presidentwith Kinghorn, Driver, Hough & Co. and the loan arranger, isexperiencing an influx of newer properties and redevelopment fortenants catering to the designer market."

The 39-year-old building, which has the Big D Bindery as itstenant, is situated on a tract of about 57,000 sf. Its 2002proposed assessment is $1.1 million, according to the DallasCentral Appraisal District. The lower rent and perks available insome submarkets of Dallas' south and southwest corridors haveproven successful in luring smaller tenants and buyers to theirinventory of older buildings.

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