The plan is to "hit the ground running" with the acquisition ofthe three-story buildings at 2201 and 2301 W. Plano Pkwy., both ofwhich "are in good condition," according to William Rogalla, seniorvice president and acquisition officer for the Newport Beach,CA-based KBS Capital Advisors. He tells GlobeSt.com that not onlyis the complex in tip-top shape, but its lease roll is minimal forthe next five years. The Memphis-headquartered FedEx/Kinko'soccupies 31% of the asset and Hartford, CT-based United HealthcareInsurance Co. leases 22%.

Rogalla says the upside is a double-edged play based on fillingthe asset's vacancy and the submarket's rising rental rates. Key tothe plan is the 21-acre asset's positioning in the Texas 190 officecorridor, with the sale standing as a beacon for the "Who's Who" ofmetroplex developers planning or building more office space in thepocket.

Plano Corporate Center I and II did a routine spin on the marketfor 30 days before the winner was picked. "It was well received,"says Jack Crews, one of three managing directors for Jones LangLaSalle's Dallas investment sales team. "The 190 corridor is a veryhot topic." The team, including Evan Stone and John Alvarado,steered the sale for the developer, Lincoln Property Co. ofDallas.