The Nashville-based REIT closed the deal with Goddard Investment Group LLC of Atlanta in recent days, allowing the one-year owner to cross off another piece of Dallas real estate on its "to go" list. The Pyramids, positioned on 6.6 acres at 9101 and 9201 N. Central Expwy., came to market in May with two other class A office properties, with more than one million sf, in an opportunistic move to take advantage of value-add capital looking for landing spots, according to a previous interview with the seller.

Healthcare Realty didn't return telephone calls to comment on the deal, which surfaced two days ago in an SEC filing. The seller indicated it was unable to comment and its sales team confined comments to a press release that was issued late last night. The Holliday Fenoglio Fowler LP team consisted of senior managing director Andrew S. Levy, director Todd W. Savage, director John Bourret and analyst Kelsey Roop.

Seller financing at a fixed-rate interest and 70% LTV cap was an option of the offering, but it couldn't be determined by deadline if the REIT leveraged the 98%-leased Pyramids' purchase in any way. The lease stack has Baylor in 95,000 sf until June 2020 of the 145,963-sf south tower and the Dallas Plastic Surgery Institute in 33,664 sf through June 2023, with the multi-tenant balance mostly filled by medical tenants. The Pyramids' 145,426-sf north tower is fully occupied by XO Communications Inc., with a lease that expires in July 2010.