The nine-story, class B-plus office building at 5525 MacArthurBlvd. was on the market 30 days, without an ask. The buyer isFalcon Southwest, the highest of more than 10 offers fielded bySeattle-based Kennedy Associates Real Estate Counsel for thevalue-add piece of real estate, Michael Hardage, managing directorfor Transwestern Commercial Services in Dallas, tellsGlobeSt.com.

"It was simply time to harvest the gain," Hardage explains aboutadviser's release of the deed. And, it did so with definite upsideleft in the deal: marketing started at 77% occupancy and pushed to85% by the closing. "And, it's still climbing," he says.

Philip Capron, Falcon Southwest president, says this is the oneof, possibly the only time, that he's inked a deal in which theoccupancy rose en route to the closing. "Either Transwestern did agood job or the market is improving or it's just good luck. But,I'll take it," he says. "It's one of the rare times that I bought abuilding that went up in occupancy."