The buildings, situated at 8665 New Trails Dr. and 2700 ResearchForest Dr., weren't too far from buyer Creekstone Partners' firstWoodlands office acquisition at 8401 New Trails Dr.:a 71,000-sf office building bought during the middle of 2006. "Allof these buildings are within a mile radius of each other. They'reall very similar in design and structure," says Michael Preston,president of Creekstone Partners.

Preston says his company was approached directly by the seller,Woodlands Development Corp., about the possible acquisition.Creekstone was amenable because of its positive experience with itsfirst purchase in the Woodlands. "We loved the assets. We like theWoodlands and that's how we had the opportunity to grab onto thesetwo," he says.

Preston tells GlobeSt.com that the tenant roll isn't significantfor the next few years, with 2015 being the first year to payattention to potential expirations. Nor is Creekstone planningmajor rent increases. "Our main objective is to keep our expensesin check and see where the market takes us in terms of cap rates,"Preston adds.