The buyer had more than capital to sway the deal: it also owns the twin, the 17,800-sf Capital Center I. The buyer of record for Capital Center II is Original Westwood Plaza Apartments Ltd. while the seller of record is Hanover Monticello Partners Ltd. of Grapevine, led by developer Realty Capital Corp.

Realty Capital most often builds, leases and then sells when occupancy gets around 90%. But the buyer had money from a San Antonio multifamily sale that had to be turned around, Cheri White, senior vice president of Coldwell Banker Commercial DFW, tells GlobeSt.com.

Capital Center II at 1235 S. Main St. was just 8% leased when it went under contract, but closed at 12%, says Chris Wright of Dallas-based Stream Realty Partners. There are three deals closing in the next few weeks to practically fill the building, with leases ranging from 1,300 sf to 5,000 sf, he confides.

As the acquisition moved toward closing, Wright snared a four-year lease on 1,609 sf for the office of state Sen. Jane Nelson and a five-year pact on 1,500 sf for Redman Pipe & Supply. Jack Britten of Dallas-based Bradford Cos. represented Redman, which moves in March 1.

The acquisition put White, who's mum about the selling price, at the bargaining table against Scott Henderson, a vice president with Coldwell Banker Commercial DFW, the buyer's representative. When the deal closed, Stream Realty also got the leasing assignment for the 94%-occupied Capital Center I at 1245 S. Main St. in a changing of the guard from Coldwell Banker Commercial DFW.