As planned, the Dallas-based Behringer Harvard Funds Fridaypocketed the deed to 5050 Quorum. The asset sold for $68 per sf,the top offer in a "best and final" round for a 46%-empty officebuilding in the Quorum/Bent Tree submarket of Dallas.

"There were no issues and no re-trades," John Alvarado, seniorvice president of investment sales for Dallas-based Trammell CrowCo., tells GlobeSt.com. The buyer had built-in a couple automaticextensions with additional earnest money when the original contractwas placed. "They performed perfectly well and did everything theywere supposed to do," he stresses. He adds the buyer was caught upsimultaneously working four transactions and needed the extra timeto close.

The Fort Worth-based Crescent has sold the third office propertythis year in its homeport and second in a week in the submarket.The 146,000-sf Addison Tower, a class A property with vacancyupside, passed to Griffin Partners of Houston, a first-time buyerin North Texas. In a press release today, Crescent says the doublesales generated net proceeds of about $18 million. The funds wereapplied to the REIT's revolving credit facility. For previousstory, click here.