MRI Economy scooped up a 65%-leased portfolio, with three of thefour properties buildings positioned in the 2700 block of SouthCooper Street in Arlington, from Economy Business Parks Ltd., a TelAviv-based investor who acquired the properties three years ago,Cary Krier, senior vice president for Colliers InternationalProperty Consultants Inc. in Dallas, tells GlobeSt.com. Themid-1980s Economy Business Parks' portfolio contains 98 tenants,many of who recently were converted to three-year leases frommonth-to-month arrangements, he adds. The lone Dallas Countybuilding is 3201 Military Parkway in Mesquite.

Krier says the Santa Monica buyer of only industrial product waslooking for some time to break into the market so it was thelogical first call when the acquisition opportunity arose. Theinroad is single-story buildings without deferred maintenance.Along with the trade, Colliers' Matt Thompson opened an on-siteoffice to oversee leasing and management, which previously wassingle-handedly handled by Ron Emert of First Fidelity in Garland.The industrial space is quoted at $4 per sf to $5 per sf net.