The New York City-based buyer took the 555 Dividend Dr. deed inan all-cash close. "Clearly the main interest was we had two strongcredit tenants and a very good submarket. It started with thelocation," Richard Rouse, Lexington's chief investment officer,tells GlobeSt.com. The investment group's last purchase inDallas/Fort Worth was November 2005.

Rouse says as the ink dried on the takeover, talks opened withBrink's Inc. to expand its lease. The Richmond, VA-based Brink'shome security subsidiary occupies 75% after two years in thebuilding, steadily picking up additional space as Washington MutualBank downsized from 50,000 sf that it leased in November2002 for its National Operations Center. Brink's lease runsthrough June 2015 and the Seattle-headquartered banking giant'sname is in place on 25,461 sf through August 2012, according to themarketing flyer.

Rouse says the anticipated hold is "at least five years, if not10." With an office in the metroplex, Lexington will lease andmanage its newest buy, a 7.3-acre, freeway-fronting footprint atthe Interstate 635-Freeport Parkway junction.