Buying as Building Equity LLC, Larry Freeman, president ofEmployer's Comp Associates, has spent the past year looking for asmall office building to make the move from tenant to owner,according to his broker, Jack Moravcik, senior vice president forSwearingen Realty Group LLC in Dallas. "It just happened there wasnot a lot on the market that fit the criteria," he tellsGlobeSt.com. A year-end move-in has been penciled to coincide withFreeman's lease expiration in the Graymark Building at 16801Addison Rd., the claims' office location for 10 years.

Moravcik says the 34-year-old building, situated on 1.5 acres inMetropolitan Business Park, won the buyer's nod because it is fullyair-conditioned, has 3:1,000-sf parking ratio and is positioned inthe Spring Valley-Midway roads area, home to many of the firm'semployees. Finish-out has yet to begin. "We just got the keys," thebuyer's broker acknowledges. The building, as it now stands, has17,520 sf of office area and 792 sf of warehouse space with twograde-level doors.

Allen Gump, executive vice president in Dallas for ColliersInternational Inc., says the Honeywell building spent six months onthe market. "There were a lot looking, but not a lot of offers," headds. Nonetheless, the sale rang up close to the ask, heconfirms.