The New York City-based seller has released a 100%-leased cluster of buildings at 901-09 Avenue T in Grand Prairie and 2224 E. Randol Mill Rd. in Arlington, according to Lizzy Blake, vice president of Grubb & Ellis Co. She tells GlobeSt.com that the three-week marketing produced 10 offers with Lincoln Advisory Group scoring the win because its affiliate, Dallas-based Lincoln Property Co., had had hands-on experience in leasing and managing the portfolio a few years ago.

"Understanding of the product was important," Blake stresses. "Our goal was to eliminate any re-trades down the road." Lincoln Advisory Group bought Northcourt Center and the neighboring Randol Mill Road warehouse on behalf of a pension fund client, Columbia Industrial Properties LLC.

[IMGCAP(2)]Blake says the 10-tenant portfolio, being leased and managed by Dallas-based Stream Realty Partners LP, has a 3% rollover coming in November and then there are no leases coming due until late 2009 when 10% rolls. The tenant roster crisscrosses a gamut of industries, including automotive accessories, aircraft refurbishment and telecommunications and cable supplies.