DBSI Housing Inc., part of the DBSI Group of Cos. took a seconddeed, much like its first: a 70,200-sf, two-tenant building leasedfor the long term. The transaction went full circle in two months,with DBSI placing a contract within two weeks of 75 CornerstoneCrossing at 1300 N. Central Expressway in Allen hitting the marketfor $7.5 million.

Steve Williamson, senior vice president in Dallas forTranswestern Commercial Services, tells GlobeSt.com that DBSI wasthe highest offer--all cash--out of a couple dozen quickly placedfor the class A, office/tech building leased to Fiber SystemsInternational's 50,000-sf headquarters and the Velocity Sports,20,000 sf. Seller Cornerstone Development Corp., led by Fred Ganz,built the structure in 2001 on 5.5 acres at the intersection ofCentral Expressway and Exchange Parkway.

Williamson says he first met the DBSI team at a CCIM meeting inDallas. Not long after Transwestern vice president Larry Jordan,the point man for the sale, also met the city's newest player,which reportedly is holding several more contracts for Dallas/FortWorth properties. With potential buys stacking up and an MO tomanage and lease its own, the new kid on the block recently openeda Dallas office.