Stacey Davis, vice president for the Los Angeles-based buyer,credits CB Richard Ellis' executive managing director Gary Carr inDallas with putting 4245 N. Central Expwy. on M West's desk. "Heput two and two together," Davis says, pointing out that M West'seye is only on Uptown-Turtle Creek and Preston Center officebuildings.

Behringer Harvard Short-Term Opportunity Fund I LP held the22-year-old building in a partnership with Behringer HarvardHoldings, taking 62.5% of the ownership interest at acquisition inAugust 2004 and investing $3.5 million in equity. The partners paid$7.7 million for the building.

In an SEC filing, Behringer Harvard says the sale pricerepresents a loss to the fund, but is predicated on the average oftwo appraisals, which is $8.9 million. "While the identifiedthird-party purchaser is also offering a price higher than theaverage of the two appraisals, it is still substantially less thanthe purchase price Behringer Harvard Holdings is paying to thepartnership," it reports, noting that its $12-million payout was34.8% higher than the average of the two appraised values.