The first-time teaming of the two Dallas companies snagged the deed to 4245 N. Central, a six-story building with built-in upside from a 75% occupancy. M. Jason Mattox with Harvard Behringer says Realty America's Kipp Sowden brought the deal to the table. "We were aware it was on the street," Mattox tells GlobeSt.com, "and it made sense. We arranged for a nice partnership with them."

The duo has tapped Dallas-based Trammell Crow Co. to lease and manage 4245 N. Central, where class A space runs from $17 per sf to $22 per sf. Built in 1986 with one level of underground parking, the building sits on slightly less than three-quarters of an acre with freeway exposure. Tenants include BGO Architects, public relations firm Michael Burns & Associates and Dr. Monty Buck--and no roll on the roster at large until midyear 2005.

Mattox says the takeover begins with leases in the pipeline. "The market is turning positively and we hope to capitalize on that," he says. The expectation is the office building's occupancy will climb above 90% and reach stabilization in the near term.