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

The firm is marketing two portfolios of net leased propertieslocated throughout the US, one composed of class A office buildingsand a second made up of warehouse and industrial facilities.Proceeds from the sales will go toward the company's plan to expandits 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-suitbuy-outs and sale-leaseback transactions. The Wehba family foundedBentley Forbes in 1993 and since then has executed more than $1billion in transactions.