The price for the eight-year-old building at 3595 GrandviewParkway is being kept under wraps, but other class A assets in themarket have traded for $18 million to $22 million. ChristopherMarshall and Ralph Smalley with Cushman & Wakefield of GeorgiaInc. in Atlanta brokered the transaction.

"In our mind, this isn't any asset in Birmingham. It's astrategic acquisition," Behringer Harvard's executive vicepresident Jason Mattox tells GlobeSt.com. "It's performed verywell. It's in a strong submarket in Birmingham with strong demos sooverall it was a positive acquisition." Additionally, the class Abuilding's location in Grandview Corporate Park was a strongincentive to buy. "The asset is surrounded by amenities, whichmakes sense for tenants in the building and any we need toattract," he says.

Mattox says the 92.5%-occupied building has a stable roll, withlead tenants like the regional office for Assurant Inc., SolutionsPlus Inc. and Daniel Realty Services, which will continue to manageand lease the asset.