The new owner is starting the play with Greyhound's name on thelease at 15110 N. Dallas Pkwy. until 2012 and the bus lines incontrol of subleases for a 10,000-sf office to Bank of America,roof rights to AT&T Wireless and billboard rights to Viacom.The local partnership won the deal in a re-marketing after twoother contracts fell out, Ronald Hebert, senior associate anddirector for Marcus & Millichap Real Estate Investment Servicesin Dallas, tells GlobeSt.com, adding the hurdle was financing.

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"With the tenant dark, it changed the dynamics," Hebertexplains. Although Greyhound's name is on the lease for a few moreyears, he says it's only lighting a 2,000-sf data center. Itsheadquarters operations moved in March to the Patriot Tower at 350N. St. Paul St. in the Downtown Dallas.

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It's the secondtime that Hebert, who brought the buyer to the table forthis go-round, has sold the building. Matthew Kipp, a seniorassociate in Marcus & Millichap's Newport Beach, CA office,represented the seller, Dr. Herbert Tarlow of Anaheim, CA. "Hewanted to sell because Greyhound was moving out," Hebertconfirms.

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Hebert says the six-story building, sporting a class A location,generated more than 20 offers in the two marketing rounds, with theDallas partnership pocketing the win with the highest bid at theend of the day. The office building and three-story parking garagewere developed in 1983 on a 2.66-acre tract at the northeast cornerof Beltline Road and North Dallas Parkway.

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