In an off-market transaction, CarrAmerica Realty Corp. and JPMorgan Asset Management teamed up to purchase Sherry Lane Place at 5956 Sherry Lane in Dallas. Previous owner Cottonwood Partners will retain a minority interest and will continue leasing and management of the property. As part of the joint venture, CarrAmerica will hold a 20% stake in the project. Financial terms of the deal were not disclosed, but the Dallas County Appraisal District values the property at $43.78 million, or about $153 per square foot.