With the 8333 Douglas Ave. deed filed away, Lincoln's reviewingall options, including a rehab of the 27-year-old landmark. But,there's no rush to decide on a purchase definitely ticketed for along-term hold. "We will continue to evaluate the market and assetand do what makes sense when it makes sense," David Pettle,executive vice president for Dallas-based Lincoln, tellsGlobeSt.com.

Lincoln, which leased and managed the asset for Invesco, hasoccupancy at 94%. Lead tenant, Guaranty Bank, occupies more thanhalf of the class A space. Pettle says the bank's headquarterslease has another 8.5 years on the term and "there's no near termrollover risk" on the balance. What is available is on the marketfor $22 per sf to $24 per sf plus electric.

The locally based Invesco bought the Preston Center linchpin inDecember 1997 for one of its clients. Holliday Fenoglio Fowler LP'sDallas team of Barry Brown and Jim Batjer debuted the listing fourmonths ago without an asking price. "It was very competitive. Wehad over 30 offers," Brown says. "There was a group of topbidders...a very tightly packed group at the top."