Hansji Urban acquired both assets and their six-story parkinggarage from Winston Management & Investment Inc. of San Mateo,CA in a direct deal. The upgrades will begin at once, says RajanHansji, the buyer's principal.

"Right now our focus is the Luhrs Building because it's vacant.We want to work on it and lease it up," Hansji says. The buildingat 13 W. Jefferson St. will undergo interior work, including systemupgrades and any tenant improvements that will be needed as tenantscome on board. "What we're trying to do is make this as close to aclass A building on the inside as possible," he says.

Hansji adds the Luhrs Building's renovation should take four tosix months to complete. Then, the buyer will begin work on the95%-occupied Luhrs Tower at 45 W. Jefferson St. Jerry Jacobs,senior director with Cushman & Wakefield of Arizona Inc., isleasing both buildings.