CMD, still working to close out its local holdings, has turnedover the 158,650-sf Landmark at 14800 Landmark Blvd., 74,125-sfEmerald Plaza at 14900 Landmark Blvd. and the neighboring 86,646-sf14850 Quorum Dr. The portfolio was 78% leased at sale time. Theclass B-plus trio sits at the ramp of the Dallas North Tollway, ahigh-rise office pocket making headway in occupancy and rent due toa positioning north of the heavily congested LBJ Freeway.

Clint Harrington, executive vice president in Texas for the SanDiego-based Equastone, tells GlobeSt.com that the value-add plan,calling for at least $1 million in upgrades, targets class Atenants in the submarket who now are facing higher rates. "Asprices continue to increase in the A market, people will need toget back to the B buildings," he explains. "A dressed-up B-plusbuilding won't be too far from the corporate environment thatthey're used to."

Harrington says the delta already is widening between the twoclasses: class A is running nearly $24 per sf in the Quorum-BentTree submarket and class B is hanging at $17 per sf. He saysEquastone, which picked up some deals en route to the closing, isquoting $19 per sf gross on three- to five-year deals with 50-centannual bumps.