The Virginia investor, through its Oakridge Financial AssociatesLLC affiliate, paid Raleigh, NC-based Highwood Properties Inc.$22.18 million or about $70.28 per sf for the 21.7-acre propertyanchored by AT&T in a seven-story, 186,275-sf building.

Other Oakridge Park tenants are Florida Southern University,Stenotype Institute of Jacksonville, FL, and Broadwing Inc. Thefive buildings were constructed between 1966 and 1983.

"The acquisition of Oakridge Office Park is a key component ofour strategy," HGI chairman Jordan E. Slone says in a preparedstatement. "It is a prominent office park, primarily occupied byAT&T on a long-term lease."

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