Americo senior vice president Shane Clark tells GlobeSt.com thatthe heavily marketed four-building portfolio closed 45 days afterthe contract was placed, including the processing of a 10-year loanwith New York City-headquartered Column Financial Inc. "This is acoup for us," Clark says, "a good deal for small guys competing ina tough equity environment." The buyer of record is Americo-ValwoodLP.

The package consists of a 54,000-sf building at 1617 W. CrosbyRd.; 99,656-sf structure at 1400 Valwood Parkway; 98,965-sfoffice/warehouse at 1650 W. Crosby Rd.; and 100,490-sf building at1645 Wallace Rd., all in Carrollton's Valwood Industrial Park. Leadtenants are TAC Americas Inc., a division of France's SchneiderElectric, the Piscataway, NJ-based Trane and Daikin Industries Ltd.of Osaka, Japan, which inked a lease while the deal was en route tothe closing table.

The asset has nine tenants, with rents ranging from $5.50 per sfto $9 per sf. "Nothing rolls until January 2008," Shane says,adding that was the strong appeal for the chase.The DesMoines-based Principal brought the package to market without anask. The CB Richard Ellis Inc. team of Jack Fraker, Randy Baird andJohn Robinson steered the disposition along with the seller's RyanSchmidt. The portfolio, developed in 1998 and 2001, traded atslightly less than an 8% cap rate on the existing NOI, according toClark. The buy side consisted of Americo's chairman Sydney Steiner,president Ben Weil Jr. and Clark.