The building Harris Stratex is moving to is part of Great America Plaza, a three-building, 227,585-square-foot development on nine acres that also includes 2903-2933 Bunker Hill. DJM Capital Partners acquired the complex in January 2007 for for approximately $43M with a first mortgage loan from Marathon Structured Finance totaling $46.5 million, the excess having been spent on capital improvements to the complex. At the time, all of the leases were reportedly scheduled to expire by the end of 2010.

DJM has since renewed the leases in the other two buildings and added additional tenants, bringing occupancy in those two buildings up to 85%. When it inked the deal with Harris Stratex, DJM also completely recapitalized the asset. Using private equity, it reportedly bought its first mortgage loan from Marathon at a significant discount such that its cost basis in the property is now lower than it was initially. DJM Capital structured new financing with its existing mezzanine lender, American Realty Advisors.

"Completing a sophisticated financial transaction in this environment is a rare occurrence. As any real estate owner or developer can attest, it's difficult to secure even the simplest, most straight forward loan," DJM Capital founder and CEO D. John Miller said Friday afternoon in a prepared statement. "Our firm's investment approach has yielded significant returns without over-leveraging. We also have long-standing relationships with numerous lenders, institutional investors and other capital sources. This positioned us to achieve a reduced debt position and enhance the value of this asset."