"We're looking to buy, but we can't find anything that'sreasonably priced," Michael Broder, executive vice president ofDallas-based CrossTimbers, tells GlobeSt.com. As a result,CrossTimbers will focus on management contracts for class A andclass B office buildings, including a new one with DBSI to remainin place at the just-sold 2201 E. Lamar Blvd. in Arlington. Brodersays talks have begun with the a tenants-in-common owner to manageits other DFW assets, which includes the 80,104-sf Offices atBrookhollow at 1701 E. Lamar Blvd. But the Arbors, he adds, "istruly their plum asset in all of Texas."

CrossTimbers built the Arbors in 1999 on 7.9 acres. The fullyleased building has seven tenants, with SBC in the lead although itrecently subleased 85,000 sf to Hotels.com. The only lease rollthis year was renewed; the balance is in place for the longterm.

CrossTimbers and its local partners, ABHO Partners LP, own anabutting 2.5 acres, the last piece of open land in the BrookhollowOffice Park. "We're not quite sure what we're going to do with it,"says Broder, a limited partner in the ownership. "Ideally, we'dlike to develop it ... but banks aren't free-flowing with theirmoney for spec."