The deal marks the latest in a series of dispositions forAmeriVest as the REIT nears liquidation under a plan that itadopted in May. Bryan McGowan, a Koll managing principal, says thata key factor in AmeriVest's selection of the Koll Co. as the buyerfor the properties was Koll's firm's expertise in the small tenantmarket.

McGowan explains that the 12 properties in the portfolio consistof 17 individual buildings targeted to small space users generallyleasing less than 5,000 sf. The properties range from 79,689 sf to202,262 sf, with individual buildings ranging up to 18 stories.

The deal includes an assumption of existing property level debtof approximately $126 million, with the transaction expected toclose on a property-by-property basis beginning in mid-August asAmeriVest receives approvals from its mortgage lenders. Theportfolio was marketed by Steve Suechting and Ann Sperling ofTrammell Crow Co. in Greenwood Village, CO.