John Carter, EVP for the real estate firm Carter, advisedStratREAL on the deal. His company will take over management of thetwo assets. "The company views these two markets as improvingmarkets," he tells GlobeSt.com. "StratREAL is also definitelytaking the long-term view; they don't buy with the intention ofselling in a year or two years."

Fifth Street Towers includes the 25-story Tower 100 and the36-story Tower 200. Both have undergone extensive renovations sincethey were built in the mid-1980s. Tenants of the two buildings,about 83% occupied, include Augsburg Fortress, law firm LeonardStreet & Deinard, Qwest and Lexis-Nexis. The property includesa skyway bridge, underground parking, a health club and serviceretail. Sources say the complex, which was bought in August 2004for $117.2 million, sold to StratREAL for $173.3 million. Leaserates in the Minneapolis area average $26.06 per sf, according to athird quarter market report by Grubb & Ellis.

The 412,000-sf RiverPark was built in 1983 on 15 acres that wasformerly the home of the Darien Golf Range in Norwalk. Tenants inthe 97%-leased property include the Georgia-Pacific Corp.,Priceline.com and the Hitachi Credit America Corp.