Judson M. Clements, a director in Dallas for Holliday FenoglioFowler LP, says the two-building complex at 4209 and 4129 S.Industrial Dr. attracted six bona fide offers, crediting theBoston-based buyer's win to quality, reputation and competitivepricing. "AEW did a great job in a tough market and was flexible,"says Clements, who teamed with HFF associate director RobbyRieke.

AEW acquired the asset for its value-add fund, AEW ValueInvestors II LP. The fund was launched a little more than one yearago to find properties with upside in redevelopment, repositioningand re-leasing as well as selective development.

Clements says Southpark 3 and 4 fit into the fund's investmentparameters although both buildings are in good shape. "There's alittle upside. Some of the existing rents are below market,"Clements tells GlobeSt.com. As for the acreage that came with thedeal, he says "AEW doesn't have immediate plans, but there could bea development there in the future."