MayfieldGentry did not release any transaction figures; however,an industry source tells GlobeSt.com the acquisition price was $38million. An affiliate of Stamford, CT-based GE Asset Management,200 South Tryon Street LLC, was the seller of the 17-story, class Aoffice building Downtown.

200 South Tryon St. was built in 1962, and renovated in 2000 and2001. The building is 94% leased with tenants including WachoviaCorp., ColeJenest & Stone, Flores & Associates andMcCormick & Schmicks. "This is a terrific property in a verystrong location which offers a strong income stream as well as theability for us to add some real value through the hold period ofthe asset," Chauncey Mayfield, president and CEO of MayfieldGentryRealty Advisors, says in a statement.MayfieldGentry, which made itslatest acquisition on behalf of an institutional client, willhandle asset management duties. Locally based Spectrum Propertieswill provide property management services.

In the third quarter of 2006, MayfieldGentry entered theCharlotte market with the acquisition of 201 & 237 South TryonSt., totaling 238,000 sf of class A office space. Wachovia Bank isthe primary tenant.