David W. Cobb, president and CEO of Bentley Forbes, calls the property "a true, class A office environment with a long-term lease in place for the majority of the property with a very stable, well credited tenant." Cobb says the deal fits the strategies of both companies, explaining that Bentley Forbes is selling some of its class A office, retail and industrial properties in a restructuring of its portfolio, as reported previously on GlobeSt.com.

The firm is marketing two portfolios of net leased properties located throughout the US, one composed of class A office buildings and a second made up of warehouse and industrial facilities. Proceeds from the sales will go toward the company's plan to expand its portfolio of multi-tenant assets, notes C. Frederick Wehba, founder and chairman of Bentley Forbes. Wehba mentions, however, that the company will continue to focus on net lease, build-to-suit buy-outs and sale-leaseback transactions. The Wehba family founded Bentley Forbes in 1993 and since then has executed more than $1 billion in transactions.