"There's some significant cash flow coming out of them," JohnAlvarado, senior vice president of investment sales forDallas-based Trammell Crow Co., tells GlobeSt.com. The call foroffers on the three class A buildings and one class B, totaling511,444 sf, will be made at the end of this month. The plan is toclose the deal by the end of the year.

The New York City investment giant is running the show althoughlocally based Macfarlan Real Estate Investment Services has avested interest in the portfolio, which has hit the market"free-and-clear." The lone Dallas property is 10100 N. CentralExpressway, a 92,294-sf, class B structure built in 1982 andrenovated in 1992. The building is 75% leased, but has enough dealspending to push it into the high 80% range, Alvarado says. DoubleDiamond Inc. is the lead tenant, with a 30,000-sf headquartersoffice.

Also up for grabs are the 145,323-sf Brookhollow II at 2221 E.Lamar Blvd. in Arlington and 118,181-sf Brookhollow Riverside at2505 State Highway 360 in Grand Prairie. Brookhollow II, built in1986, is a 77%-leased, class A building with WPAB/KSCS stations inthe lead slot with 35,000 sf. Brookhollow Riverside, also a classA, is a 21-year-old asset with an 87% occupancy. Its lead tenant isthe Redwood City, CA-based Check Point Software Technology Inc.,which occupies a 31,075 sf.

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