The building 1001 McKinney, at Main Street Square, is assessedby the Harris Central Appraisal District at $26.7 million, andsimilar Downtown buildings have traded between $80 and $125 per sf.The seller was USAA in San Antonio.

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Energy Plaza I and II, at 8610 and 8620 N. New Braunfels Ave.,are assessed at approximately $12.6 million by the Bexar AppraisalDistrict. The seller was State of Wisconsin Investment Board inMadison, WI. Cameron's purchase prices were not disclosed.

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Dougal Cameron, CEO of the buying company, says bothacquisitions are representative of his platform, which is toacquire well-located, class B buildings and cater to tenants thatmight use between 1,000 sf and 2,000 sf. "A big tenant for us mightbe 30,000 sf," he says. Cameron adds that little work isanticipated on either asset, and the goal is to find class Atenants who want quality space at a reasonable price.

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Cameron Management currently has 1.5 million sf of office spacein Houston and San Antonio. Cameron tells GlobeSt.com that hiscompany will close on two more assets by the end of January--one inHouston and one in San Antonio. "We're opportunistic driven," hecomments. "A deal has to make sense for us before we'll look at it.We're not on any kind of buying plan; when we find something thatworks, then we'll buy it."

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Built in 1947 and renovated in 1999 to the tune of $19 million,1001 McKinney is 87% leased. Rusty Tamlyn, senior managingdirector, Robert Williamson, managing director and Barbara Guffey,associate director with Holliday Fenoglio Fowler LP's Houstonoffice represented USAA.

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Energy Plaza I & II were built in 1980 and 1982 are 90%leased. Todd Mills, SVP with CB Richard Ellis' San Antonio office,represented the State of Wisconsin Investment Board. CameronManagement represented itself in both transactions and will handleleasing and property management for both assets.

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