The 57,925-sf Securlock gated complex, situated on 3.68 acres at 4840 Matlock Rd., drew eight offers during the marketing, according to Roger Hendricks, senior agent for Marcus & Millichap Real Estate Investment Co. in Dallas. The new owner gets to keep the property's name for six months, he tells GlobeSt.com. The asset was 75% leased at sale time.

Hendricks says Houghton Capital Corp. of Dallas decided to sell the seven-year-old complex because investment circles are showing more interest in the product type. "The market is hot right now," Hendricks says. "There's a lot of REIT money and corporations looking at these deals."

The complex has nine office/warehouse units that are individually metered, of which five are vacant. "The buyer felt there was a tremendous upside when those are all leased," Hendricks says. The asset also features an on-site manager's residence.