A TXU Corp. spokeswoman had to check and then confirmed allcommercial real estate will pass to Atmos Energy Corp. The realestate includes four vintage office buildings, totaling 434,363 sf,and a parking garage in the downtown's southeast quadrant alongwith scores of service centers, warehouses and pipeline rights ofway. "There are hundreds of pieces of real estate," she says,adding the portfolio's size and value aren't readily available.

The portfolio is a mix of leased and owned locations,predominately in the state's north and central regions. Accordingto SEC filings, TXU Gas property, plant and equipment-- net ofaccumulated depreciation and amortization--is valued at $291million and $275 million, respectively.

The Dallas block--bordered by Harwood, Jackson, St. Paul andWood--is the largest contiguous assembly in the portfolio,according to the TXU spokesman. But, it's not likely that the newowner is going to forego its class A headquarters in Three LincolnCentre at 5430 LBJ Freeway, where Atmos reigns as the lead tenantwith three full floors and part of another for a total pushing120,000 sf. The vintage quartet sits in an area grappling with animage problem although it's in the shadows of high-rises and withinwalking distance of Farmers Market and a third phase of multifamilyconstruction by Houston-based Camden Property Trust, which hasroughly $64 million invested into the neighborhood.