A mother-daughter investment team, buying in Texas for the firsttime, bought 2639 Electronic Lane in Dallas, winning the race withthe 25-day closing pledge. The building, fully leased to eighttenants, will be leased and managed by Bruce Marshall of Sperry VanNess in Dallas, who teamed with the firm's Scott Henderson to closethe deal for the buy side. David Cook, also with Sperry Van Ness,represented the local seller, Electronic Lane Partners Ltd., whichbought the 1.9-acre holding just one year ago.
Cook tells GlobeSt.com that the 25-year-old building was 20%vacant last year when it traded. "He leased it up, did a couplerenewals," he says, "and turned around and sold it again." Cooksays three new tenants landed at the building in the past year.Lease expirations run from one year to five, according to Cook.
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