"We went in on a short timeframe. People know us," Joseph Acker,in-house attorney for Sandor Development Co. He tells GlobeSt.comthat the Menomonee Falls, WI-based Kohl's Corp. has 15 years lefton its lease plus options for 3865 S. Carrier Pkwy.--and the planis to get the tenant to exercise an early option. "If they don'texecute, we've still got a good building and a good location," hestresses. Its neighbors are Target, Home Depot and Starbucks.

Acker says the inherited lease has several "good rent bumps."The seller of the 10.8-acre asset is Dallas-based GreenwayInvestment Co., which was represented by Sean Byrne of the ByrneCo., also in Dallas. Greenway developed the out-parcel in 1999.

Acker says Sandor used 1031 exchange funds from the sale of ashopping center in Indianapolis, but it wasn't on a short fuse toclose the deal. "We had a fair amount of time left. We had noreason to wait," he says. "We had done all our due diligence and wewere ready to close."