The company financed the purchase with an initial advance of $21million from a $23.5 million secured loan from General ElectricCapital Corp., $4.7 million from an unsecured loan with NNN RealtyAdvisors Inc., the parent company of Triple Net, and $3.9 millionfrom available cash from operations, according to a company SECfiling statement.

According to a Triple Net statement, the building was completedrenovated between 1998 and 2000, and has a 10-level parking garage. The 35-year-old building at 7777 Bonhomme Ave. was 79% occupiedat closing by 56 tenants, including Smith, Moore & Co., Grubb& Ellis Gundaker Commercial Group and Clockwork Home Service.The average office lease rate in the 6.5-million-sf Clayton officearea is $23.50 per sf, according to a third quarter Grubb &Ellis market report.

A Triple Net executive did not return a call for comment. MikeHanrahan and Paul Hilton with Colliers International representedthe seller.