"Based on Park 22's purchase price, we knew we couldaggressively market the property," says Tom Stacy, the firm'spresident. "Park 22 will be able to offer some of the mostcompetitive leasing opportunities for Class A space in the Austinmarket."

Stacy declined to disclose the price his firm and partnerChicago-based Walton Street Capital paid the Park 22 RIG LP for thebuildings, which are about 35% occupied. He does say that they canbe aggressive on rents, perhaps more so than other building ownersin the northwest submarket, and still make money on the project.The property's assessed market value was $19.65 million, accordingto the Travis Central Appraisal District.

The aggressive marketing includes free rent, strong tenantimprovement allowances and quick decisions on deals, Stacy tellsGlobeSt.com. The best deals, he says, will go to those who signdeals before the buildings fill up.