Steve Leathers, associate vice president of acquisition forTriple Net, says the company likes the location of the property."This is really a prime location in the CBD, the virtual center ofthe five-mile-long skyway system and access to the trophy centers,it's the epicenter of where all the office activity is."

Leathers says the company also sees opportunity with thecomplex. The oldest section of the property, the 13-story NorthstarEast, was built 91 years ago. The complex expanded in 1962, whenthe 17-story Northstar West tower and the hotel were constructed.The property has suffered in the past few years, and now itslargest tenant, Wells Fargo, pays very low rent for more than426,000 sf. Trizec sold the building to Blackstone in 2006 for$58.8 million.

"It's obviously an older product, it was occupied by Norwest,which merged with Wells Fargo, and the Norwest offices were vacatedsometime before 2001. Another large tenant left around the sametime," Leathers tells GlobeSt.com. "Target and a couple othertenants left around then, too. That left class B buildings withvacancy in the 30% range, that was a time when there were anenormous amount of spaces on the market."