"I know you hear that all of the time and it's something of a cliché, but in this case it is absolutely true," he adds. That's because the Garts already own two other buildings adjacent to this one at 2930 E. Third Ave., says Jones, who handled the transaction with Kevin McKinnon, Jonathan Jones and Mike Carter of Transwestern Commercial Services.

Jones and the Transwestern team represented the seller of the 41,880-sf building, the Borgen Investment Group. Erik Borgen sold Founders Asset Management to Mellon Financial in 1998 for $270 million.

Founders' lease on the building concluded at the end of March, Jones says. "Everybody wanted to buy it, but no one was (except the Garts) willing to pay a price that the seller was willing to consider," Jones tells GlobeSt.com.