The seller of the six-story, class B, loft-style office structure at 1810 N. Lamar St. was CDK Realty Advisors of Dallas which had owned the building since 2004. CDK had purchased the brick-clad property at that time for a retirement pension fund. The FBI occupied 96% of the building for its Dallas regional headquarters in the late 1970s.

CDK principal Jon Donahue says his company narrowed the bidding down to 25, then to 10 semi-final bidders and then to two finalists. "We chose Argus because they were ready to close and we were familiar with them," Donahue explains. "The other finalist offered a little higher price but we went for certainty of close."

Countrywide Commercial Real Estate Finance of Calabasas, CA provided Argus with a 10-year, $14.9 million fixed rate acquisition loan. Argus will pay interest only for the first five years of the loan. Countrywide First Vice President Derek Layne handled the loan. Argus selected the Dallas office of CB Richard Ellis to manage the building.