The Dallas-based developer says the holding periods had simplyreached their maturity for the single-asset partnerships backingthe ground-up projects, Frisco 121 Crossing at 9288 Texas 121 atthe edge of the 1.3-million-sf Stonebriar Mall and BC RoyalCrossing at 10910 N. Central Expressway at the freeway's junctionwith Royal Lane in North Dallas. Both were marketed by CB RichardEllis senior vice presidents Doug Hazelbaker and Ryan Shore.

Brytar principal Scott Remphrey tells GlobeSt.com that bothassets traded in the 7% to 7.75% cap rate range, bringing incapital gains for both selling partnerships. He says the gain willbe reinvested into several ground-up projects in the state.

Brytar will continue to manage Frisco 121 Crossing, which wasbought by an investment group from Houston. Royal Crossing's newowner, Los Angeles-based Westwood Financial Group, has in-houseteams to lease and manage its properties. Remphrey says the upsidewill come when it's time to renew leases in the centers. As itstands, he says leases were inked at roughly $22 per sf, but marketchanges have upped the ante to the mid- to high $20 per sf.