The caveat is Equastone has until July 12 before the earnestmoney become non-refundable and an additional $6.5 million isrequired. A closing is eyed for the third quarter. The SanDiego-based Equastone is picking up a play that was rumored to beunder contract to Schenectady, NY-based Trimarchi Management.Crescent has been noticeably silent as it advances to the MorganStanley fold, a$6.5-billion move to go private, so comment on the dealisn't too likely.

According to the SEC filing, Equastone is buying 180,503-sfPalisades Central I and an adjacent land parcel at 2425 N. CentralExpressway plus the 240,935-sf Palisades Central II at 2435 N.Central Expressway, both in Richardson. In the Las Colinas-Irvingsubmarket, the deal covers the 446,031-sf 125 E. John CarpenterFwy. and 298,161-sf MacArthur Center I and II at 5601 N. MacArthurBlvd. The Dallas properties are the 215,016-sf Addison at 14951 N.Dallas Pkwy.; 319,758-sf Aberdeen at 14841 N. Dallas Pkwy.;146,704-sf Greenway I and I-A at complex at 2150 and 2100 LakesideBlvd. in Richardson and the 154,329-sf sister, Greenway II at 2400Lakeside Blvd.; 233,543-sf 3333 Lee Parkway in Dallas' Uptown;634,381-sf Stemmons Place at 2777 Stemmons Fwy.; 274,684-sfStanford Corporate Centre at 14001 N. Dallas Pkwy.; and the NorthDallas Athletic Club at 13701 N. Dallas Pkwy.