SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Hallwood Realty Partners, L.P.
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(Name of Issuer)
Units Representing Limited Partnership Interests
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(Title of Class of Securities)
40636T5
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(CUSIP Number)
Mr. Steven Roth
Interstate Properties
Park 80 West
Plaza II
Saddle Brook, New Jersey 07663
(201) 587-1000
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
November 4, 1998
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(Date of Event which Requires Filing of this Statement)
If a filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
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CUSIP NO. 014752109
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Interstate Properties 22-1858622
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
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7. SOLE VOTING POWER
NUMBER OF 95,700
SHARES -----------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 95,700
WITH -----------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
95,700
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.7%
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14. TYPE OF REPORTING PERSON
PN
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Item 1. Security and Issuer.
The class of equity securities to which this Statement relates is units
representing limited partnership interests ("Units"), of Hallwood Realty
Partners, L.P., a Delaware limited partnership (the "Company"), which has its
principal executive offices at 3710 Rawlins, Suite 1500, Dallas, TX, 75219-4298.
Item 2. Identity and Background.
(a), (f) This Statement is being filed by Interstate Properties, a New
Jersey general partnership ("Interstate").
(b) Interstate's principal executive offices are located at Park 80
West, Plaza II, Saddle Brook, N.J. 07663. Vornado's principal executive offices
are located at Park 80 West, Plaza II, Saddle Brook, N.J. 07663.
(c) The principal business of Interstate is real estate and
investments. The name, business address and principal occupation (including the
name, principal business and address of any corporation or other organization in
which such employment is conducted) of each of the general partners of
Interstate is listed on Annex A hereto. Each of such persons is a United States
citizen.
(d) - (e) During the last five years, none of Interstate or any of the
persons listed on Annex A has been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) nor been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction as a
result of which such entity or person was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any violation
with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
All Units owned by Interstate were acquired with the working capital of
Interstate, for an aggregate of $2,730,687.
Item 4. Purpose of Transaction.
Interstate acquired the Units described in Item 5 for investment
purposes.
Interstate will assess its investment in the Company and, depending on
market conditions and other factors, may acquire additional Units, dispose of
all or any portion of the Units it now owns or may hereafter acquire, seek to
engage in extraordinary corporate transactions, such as a merger or other
reorganization involving the Company or a purchase, sale or transfer of a
material amount of the assets of the Company or any of its subsidiaries (which
extraordinary transaction could involve one or more additional parties), engage
in discussions with the management and/or other significant unitholders of the
Company and take any other action which Interstate may deem to be appropriate in
the circumstances.
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Item 5. Interest in Securities of the Issuer.
(a) - (b) Interstate owns 95,700 Units (5.7% of the 1,672,556 Units
reported by the Company as outstanding as of November 2, 1998 in its Quarterly
Report on Form 10-Q for the period ended September 30, 1998). Interstate has
sole voting and dispositive power with respect to such Units.
(c) Interstate has engaged in the following transactions in Units
in the past sixty days on the American Stock Exchange.
Date Units Price
- -------- ------ -------
10/21/98 1,000 46 7/16
10/21/98 1,000 47
10/28/98 600 46 1/2
10/29/98 400 46 1/2
11/04/98 1,000 45
11/05/98 400 44 1/2
11/06/98 900 49
11/06/98 100 48 1/2
11/20/98 1,000 54
11/23/98 1,000 54 7/16
11/23/98 1,000 54 5/8
11/23/98 1,000 55
11/23/98 1,000 55 1/2
11/23/98 1,000 56
11/23/98 1,000 56 1/2
11/23/98 1,000 57
11/23/98 1,000 57 1/2
11/23/98 1,000 58
11/23/98 400 54 11/16
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
None.
Item 7. Material to be Filed as Exhibits.
None.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: November 24, 1998
INTERSTATE PROPERTIES
By: /s/ Steven Roth
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Steven Roth,
General Partner
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ANNEX A
<TABLE>
<CAPTION>
Name Business Address Principal Occupation
<S> <C> <C>
Steven Roth(1) Vornado Realty Trust(2) General Partner of Interstate and
Chairman of the Board and Chief
Executive Officer of Vornado
David Mandelbaum(1) Mandelbaum & Mandelbaum
80 Main Street
West Orange, N.J. 07052 Partner in law firm
Russell B. Wight, Jr.(1) 278 South Maya Palm Drive
Boca Raton, Florida 33432(2) General Partner of Interstate
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<FN>
1 General Partner of Interstate Properties.
2 Vornado's address is Park 80 West, Plaza II, Saddle Brook, New Jersey 07663.
</FN>
</TABLE>
