"They came in with what we felt was a market rate," Helen Rivero, Macfarlan's director of asset management, tells GlobeSt.com of the deal plunked on the table by a Cushman & Wakefield of Texas Inc. team for the Crosby/35 Business Park at 1225 E. Crosby Rd. The closing had the C&W team of Tom Pearson, senior director, and Lizzy Pappachen representing Macfarlan while David Cartwright of Dallas-based Holt Cos. acted for the buyer, TA Associates Realty of Dallas.

Macfarlan bought the asset in 1997. In December 2002, it reassigned the listing to Insignia/ESG in a plan to hold although the normal holding period was pushed beyond the usual strategy. In fact, the Crosby/35 Business Park had hit the market one other time: September 2001. The post-Sept. 11 market plunge caused it to be pulled.

The Crosby/35 Business Park is a two-building project that was 97% occupied when the assignment passed to Insignia/ESG. Rivero says Macfarlan was "really excited" about the property's prospect in the market. And then, the purchase contract was laid on the table.

For Macfarlan, it's the second unsolicited offer in a month to cross its table. The other offer was for the 98,750-sf, 56%-leased Brookhollow One, which was bought by the Kaufman Financial Group of Michigan in a plan to move one of its divisions into the class A address at 2301 E. Lamar Blvd. in Arlington.