The buyer, Intercontinental Developers Inc., didn't returntelephone calls by deadline. The high-profile property at 8000 W.Interstate 10 has been in the hands of Columbus-based NationwideLife Insurance Co. at least two decades. The Dallas office ofHolliday Fenoglio and Fowler LP handled the sale.

Although buyer, seller and brokers weren't available to commenton the deal, local market experts say the asset is considered astrong investment by the industry. "This is a well-located, largeoffice project with great tenants and in very good condition," saysAllan Young, managing partner with Stream Realty LP's San Antoniooffice. The submarket dynamics with rising occupancy and rentstranslate into "a great investment opportunity for the buyer," headds.

Ernest Brown and Teresa Corbin, both with Grubb & Ellis Co.in San Antonio, say the 1980s-constructed Forum has always enjoyedthe highest occupancy, relative to other A properties in themarket, simply because there are so few of them. "San Antonio isnot a big class A market," Brown says. "In northwest San Antonio,where this is, you might have three or four class A buildings,which isn't a whole lot."