FKM Partnership Ltd. secured financing from St. Paul-basedAdvantus Capital Management to take over the fully leased,46,000-sf building at 5252 Westchester Atrium. "This is a nicebuilding in a nice location with a strong operating history," saysRobert LaRue, a senior vice president with Live Oak Capital Ltd."The lender really liked those characteristics of the deal."

LaRue tells GlobeSt.com that Advantus Capital Management,formerly Minnesota Life Insurance Co. was one of several lifeinsurance companies that were interested in financing the deal."Advantus won the deal based on rate," he says. The companyprovided a 20-year, self-amortizing vehicle with a fixed rate of5.35% on a 70% loan-to-value ratio. He says the deal marks thelender's return to the region after a long absence.

Sold by locally based Entrix Westchester Partners, the 1980s-erabuilding houses several local tenants, including the corporateheadquarters of Entrix Inc., an environmental consulting companythat occupies 50% of the building. LaRue says 15% to 20% of theleases roll annually in a building with an assessed value of $3.2million by Harris County.