John C. Duffie, a partner with Nelson Duffie Interests, saysportfolio consists of 21 single-tenant manufacturing buildings andsmall-tenant structures of metal and brick with grade-level doors.The buildings' average age is 10 years old. Duffie says occupancywas 82% when he and partner Richard R. Nelson III acquired the21-building portfolio in early 2006.

"We'd bought it in bankruptcy court and nothing had been doneTI-wise," Duffie says. "There were 15 vacant spaces that had nopower and were filled with cobwebs and badly needed painting." Hetells GlobeSt.com that Nelson Duffie invested $300,000 to $400,000on capital improvements and ended up with a portfolio-wideoccupancy of 95%.

"We were motivated to sell because of an unsolicited offer,"Duffie says. "Then we went through the process of listing them andputting them on the market." Tom Lynch, senior vice president inHouston for CB Richard Ellis, represented Nelson Duffie whileHouston-based Jaymar was self-represented.