Levy declined to provide details about potential spend or thenumber of possible deals the firm may close, other than to say manyof its current acquisition interests are off-market opportunities.Areas in which it is looking range from Baltimore County to PrinceGeorge's Count as well as Washington, DC and Northern Virginia.

A typical approach the firm might take would be similar to whatit has done with a 109,000-sf distribution center near theBaltimore/Washington International Airport that it acquired latelast year--along with nine acres of land--for approximately $9.5million from Osprey Property Group LLC. The facility, located at1901 Park 100 Dr. in Glen Burnie, MD, remained empty until latethis summer when it inked two deals with investment grade tenants:HBI Priority Freight, a third-party logistics, air and groundtransportation services, leased 83,000-sf and DHL picked up26,000-sf.

The trick, in this current environment, is to be able to balancethe purchase price with a very soft lease market, Levy says. Ittook several months to line up the two tenants in Glen Burnie, henotes. "We worked very hard to get them."