Tal Hicks, president of Hillwood Investment Properties, tellsGlobesSt.com that the attraction with both deals was the "price perpound" at which the vacant assets were purchased in the all-cashtransaction. Hicks declined to discuss a sales price, though didacknowledge the purchase price was a substantial discount toreplacement costs.

Frankford Trade Center at 1649 W. Frankford Rd., was built in1999 and once served as the headquarters for Home Interiors &Gifts Inc. The company inked a sale-leaseback dealin late 2006 with First Industrial Realty Trust Inc. and UBS RealtyInvestors, but filed for bankruptcy in 2008, The warehouse-officebuilding, valued by the Denton Central Appraisal District at $17.7million, was foreclosed on last summer.

"We'll spend approximately $1 million on the building," Hickssays. "It's a second-generation building that needs work done." Thework in question, he continues, will include cosmetics, such asinterior and exterior painting.