Shreveport's 25-floor AmSouth Center at 333 Texas St. is 86%leased. In Jackson, the buyer bought the 485,153-sf, 22-storyAmSouth Plaza at 210 E. Capital St., which is pushing 100%occupancy. Both were built in the 1970s.

Johnny Lamberson, executive vice president with CB RichardEllis' Memphis office, says the market for a stable class Abuilding with a bit of upside prompted the NorthernCalifornia-based seller to bring it to market. He tells GlobeSt.comthat when Plaza Investments LLC's Shreveport building attracted somany qualified offers and Hertz Investment Group of Santa Monica,CA came along that "we felt it would make sense to talk to themabout the Jackson opportunity."

Lamberson points out that the Jackson's AmSouth Plaza was moreof an opportunistic play than its sister building in Shreveportbecause tenants will be vacating the building within the next year."I think everyone felt that, with the Downtown Jackson market astight on space as it is, this would be one of the only buildings tooffer reasonable space for reasonably priced rents to accommodatedemand," he adds.