The properties are part of Hillwood's planned five-building, 1.7million-sf Skyline Business Park complex and are fully leased. Thereal estate company recently completed construction of Skyline IV,and Skyline I is scheduled for completion next month.

Both Skyline II and III are industrial properties, with theformer housing 400,000 sf of space and the latter accounting for530,000 sf of space. Icon Health & Fitness Systems and ShippersWarehouse Distribution Services are sole occupants of the buildingson which Hillwood completed construction less than a year ago.

"Right now, the fundamentals of select industrial are veryattractive," Rreef vice president of corporate communications CindyTalmadge tells GlobeSt.com. "We have purchased over $3 billionworth of properties nationwide this (fiscal) year, and the majorityof that has been industrial property."