The company owns 20 buildings in 10 cities with more than 200aviation tenants. The national portfolio consisted of properties inHouston, Dallas, Pensacola, Philadelphia and New Orleans. MichaelCaprile, senior vice president in the Chicago office of CB RichardEllis Inc., was team leader on the portfolio sale. Locally, GlynnMireles, vice president at the Houston office of CB Richard Ellis,represented the two Houston properties in the portfolio. CB RichardEllis represented the sellers in this deal.

Mireles tells GlobeSt.com that the two Houston properties makeup the bulk of the portfolio. Aggregating approximately 758,000 sf,the Houston properties make up more than 58% of MLR's air cargospace. Houston Intercontinental Central Air Cargo Area is a412,854-sf air cargo center on the actual premises of BushIntercontinental Airport. The other property, Greensmor Air Park,is a 345,106-sf facility at 2700 Greens Rd.

Mireles and Caprile are bound by a confidentiality agreement notto reveal either the asking or selling price on the properties.Mireles says the deal achieves the desired intent of the seller todispose of the portfolio in one piece as opposed to selling eachproperty separately.