Terms of the deal were not disclosed, but Transwestern isbelieved to have paid $120 million for the office tower, which itbought via its Aslan Realty Partners II institutional investmentfund.

The deal constitutes a value-added opportunity combined withvery strong tenants in place, including Wells Fargo and Aon, saysEd Ryder, a Transwestern SVP who notes that credit tenants WellsFargo and Aon together represent more than 50% of the currentoccupied space in the building. Transwestern Commercial Serviceswill be responsible for the day-to-day management of the property,with CB Richard Ellis to continue as the leasing agent for theoffice tower.

The seller, a wholly owned subsidiary of Wells Fargo Bank, hadowned the office center in whole or in part since it was developedin 1973 by First Interstate and Equitable Life. Wells Fargo assumedownership by acquiring First Interstate. Lend Lease, which formerlyowned a 50% interest via its acquisition of Equitable, sold thatinterest to Wells Fargo in 2001. In the recent sale, Eastdilrepresented the seller, and Transwestern represented itself.