Unico's office acquisitions guy Greg Petry tells GlobeSt.com isretaining a minority interest in the property and will continue tomanage the asset. Jones Lang LaSalle had the dispositionassignment. The purchase price equates to a per-sf price of $370,which is approximately the price paid by Unico to acquire theproperty in 2000, which many consider to have been at or near thetop of the market.

"Although we bought it at a fairly high cap rate that hasprovided significant cash flow over the life of the hold, we had alot of obstacles to overcome in the investment," says Petry. "Sincewe bought it everything has gone wrong with the market, so beingable to get back what we paid for it is a great result."

With regard to Citigroup and Wafra, Petry says the two investorswere coming to the end of their planned hold and wanted to takeadvantage of the aggressive pricing in the marketplace for coreassets. "We feel like there is still upside in the investment,"says Petry. "That's why we stayed in."