The all-cash deal is being reported at $238 million. TheFrankfurt, Germany-based fund acquired the 18.7-acre campus at 300RadioShack Dr. inDecember 2005, with RadioShack in place with a 20-yearlease.

"Our lease agreement with TCC will enable us to greatly reduceour on-going occupancy costs while allowing us to remain in ourcurrent headquarters," Julian Day, RadioShack's chairman and CEO,says in today's press release. "We're pleased the 500,000 squarefeet of space we were either not using or underutilizing will helpa leading Tarrant County educational institution create a positivenew dimension for the downtown business community."

One newswire service has reported that the buyer plans toundertake an $80-million renovation this year. The first classeswill be held in September 2009.

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