The three-building package in the Carrollton park came to market in the first quarter, with the closing finally taking place at the fourth quarter's start. "Both parties agreed to take the necessary time to structure a stabilization program," Jack Fraker, executive vice president in Dallas for CB Richard Ellis Inc., tells GlobeSt.com. The package's occupancy was under 90% at sale time due to Kmart's bankruptcy sidelining about 50,000 sf at 2801 Trade Center Dr.

Principal laid cash on the line for a two-year-old trio that came to market without an asking price. Fraker, mum about the size of the final check, did say "the pricing was in line with other recently constructed class A properties that sold in Dallas." The trio carries a combined assessment value of $17.6 million, but it's a safe bet in today's race for new Dallas space that the package brought top dollar.

The traded deeds are 2941 Trade Center Dr., an 86,400-sf building on 3.4 acres; 2801 Trade Center Dr., 132,396-sf design on about 6.7 acres; and 2901 Trade Center Dr., 252,756-sf structure on 17.7 acres. The tenant rosters include Home Interiors & Gifts, Herman Miller, Morrison Supply and Conway Communications. The properties' leasing and management will be passed from Argent to the Holt Cos. in Dallas.