Derek George, partner and managing director of the Austin-basedinvestment group, says the plan is to deploy $1.5 billion of equityinto US real estate within three years. "We are looking in Dallasfor another 2.5 million to three million sf on top of what we ownnow," he tells GlobeSt.com, citing an appetite to buy at discountprices for class B and class A properties. He says contracts are inhand to add 750,000 sf of class A office space in Dallas before theyear ends.

George, like other buyers of D/FW assets, can't discuss theprice of Campbell Centre at 8350 and 8150 N. Central Expressway dueto confidentiality clauses in a non-disclosure state. Industrysources, though, say the two towers, 1970s-era space situated on11.5 acres, brought $95 per sf for the Fairfield, CT-basedseller.

With the swap now done, Capital Commercial is readying the stagefor a multimillion-dollar makeover, inside and out. JoelPustmueller, partner in Peloton Real Estate Partners in Dallas, haswon the leasing assignment. As with the new owner's otherproperties, Houston-based PM Realty Group's Dallas team will managethe asset.