Once the decision to sell was made, Motorola turned to Berkeley Investments Inc., which bought its four-building campus in Mansfield, MA just 13 months ago. Berkeley's acquisitions director Richard Griffin tells GlobeSt.com that the deal for 5401 N. Beach St. went from start to finish in 45 days although the two parties had been in discussion for some time as Motorola weighed the decision to hold or sell. Griffin is bound by a confidentiality agreement not to disclose the price. Another publication, quoting Motorola, reported the deal closed at $45.75 million.

The upside, Griffin says, lies in a vacant 396,000-sf office/flex structure in the three-building campus. The plan is find a tenant for the seven-year-old building, hold the investment for a few years and then possibly sell. An abutting tract, which could support another 250,000 sf, was part of the package as was a 12,000-sf day-care center at 4175 Sandshell Dr.

The fate of the 1.1-million-sf Fossil Creek campus, situated at the intersection of interstates 35W and 820, has been up in the air for some time as Motorola put together a consolidation plan that included the relocation of its North American distribution center from Missouri to Hillwood's AllianceTexas. The consolidation cut 900 of the 1,500 jobs at the Fossil Creek campus although some of the workforce had been given transfer options for the AllianceTexas facility. The distribution center opens in March.