"The price is right," Steven Howard of Hillwood Investments toldGlobeSt.com of this week's deal. Web-Real-Estate.com had approachedHillwood with the deal. Howard says there are no plans "at themoment" to list other Hillwood holdings outside the Dallas-Ft.Worth metroplex that have been deemed non-strategic assets. All ofthe properties already are posted on Hillwood's Web site. He didsay other DFW holdings might be added to the listing.

Hillwood has been land banking the acquisitions for investmentpurposes from the early 1980s to 1991, Howard says, adding some hadbeen picked up via auctions. "We strategically decided these areassets we're not likely to develop as Hillwood," he says.

The largest tract, 3,343 acres, is the Hunter Ranch in Denton,which entails frontage on the east and west sides of Interstate 35.Second in size is 662 acres in Northlake, the remnants of a1,000-acre sale to Texas Speedway. The property is situated northof the speedway's ring road and practically neighbors Hillwood'sAlliance development.