Senior managing directors Glenn Whitmore and Joe Morningstar andmanaging director Andrew Scandalios of Holliday Fenoglio Fowler,along with Northstar Partners marketed the property. The seller wasadvised by ING Clarion Partners.
"Fifth Street Towers generated a tremendous amount of interestfrom institutional investors coast to coast," Morningstar says. "Webelieve this really underscores where the real estate marketis--plenty of capital with not enough product."
Fifth Street Towers is located in the center of city's CentralBusiness District next to the Light Rail Transit line and busroutes, close to shopping and entertainment, and accessible fromInterstates 35 and 394. Parking is available on site--494spaces--and nearby, via the skyway. Amenities include an on-sitecafé and convenience store.
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