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FORT WORTH-Halliburton Corp.'s former 340,869-sf office and warehouse footprint in Carter Business Park has been sold after roughly two years on the market to a long-time tenant who occupies 69% of the space. The 10-building asset has changed hands for slightly less than $8 million or about $4 million less than the original ask.

Houston-based National Oilwell Varco Inc., a publicly traded oilfield services' component manufacturer, had six years left on an inherited 10-year lease when it jumped into acquisition talks for the 23.3-acre complex at 1010-1100 Everman Pkwy. in South Fort Worth. "They knew both the strengths and the shortcomings of the real estate," says John Brewer, senior vice president for Henry S. Miller Commercial in Dallas, who teamed with the firm's president of its investment division, Greg Trout, and Fort Worth-based NAI Huff Partners principal Walter Floyd to make the close.

Brewer says the brokerage team for Cherokee Fund of Raleigh, NC approached National Oilwell Varco after repeated evaluations pointed to it as the most likely buyer although it hadn't made an offer. There were several offers during the long marketing run, but "at the end of the day we thought it made the most sense for National Oilwell Varco to buy it," Brewer tells GlobeSt.com. "They agreed with us." He says negotiations produced a sale at a slight discount to the $8-million ask, with the contract going down on the desk within one month and a closing three months after due diligence hurdles were cleared.