GARLAND, TX-WestmountRealty's buy of the former 1.13-million-square-footFleming Cos.' property is a good example ofsecond-chance success. The Dallas buyer had its eye on theindustrial property for several years, and evenmade an offer on it in 2005 when then-owner GrocersSupply had it on the market.

Ultimately, Angelo, Gordon & Co. of SantaMonica, CA ended up with the Garland BusinessCenter at 2600 McCree Rd. After s seven-year hold, theSoCal buyer sold the industrial property, which fronts Interstate635, to Westmount Realty, which will reposition the asset asGarland Logistics Park.

"We know all about the property and certainly it being in ourhome town of Dallas is a big plus," says Clifford A.Booth, CEO and president of Westmount. Its frontagelocation on Interstate 635 also provides terrific ingress, egressand visibility. Additionally, "because of the relationships withbrokers and tenants developed as a result of our ownership ofproperty in Charlotte (North Carolina), we feel confident we'regoing to attract new tenancy to the Garland property," Booth tellsGlobeSt.com.