The closely guarded sale leaked out with a routine press release about CarrAmerica's new assignment for 5700 and 5800 Tennyson Parkway, twin six-story buildings now deeded to the Strategic Property Fund, a commingled pension fund trust. Andrea Peskind, senior director for Cushman & Wakefield of Texas Inc., single-handedly brokered the sale, but she and others associated with the deal and the change of command can't talk.

Real estate sources tell GlobeSt.com that the buildings went under contract in early May for about $170 per sf and closed in the last two weeks. Sources say the selling price is a safe bet, given the 97% occupancy and Triad Hospitals Inc.'s long-term headquarters lease for the entire 5800 Tennyson. Last year, nearby product sold for $145 per sf, but the occupancy and quoted rate were considerably less plus it wasn't carrying the landmark town center address with a hotel, high-end residential and retail as its neighbors. The Lincoln at Legacy complex's quoted rate is $23.50 per sf.

CarrAmerica Realty Corp.'s Bob Buell and an in-house operations team are taking over leasing and management from Dallas' Lincoln Property Co., the buildings' developer and overseer since they delivered about five years ago. Bill Vanderstraaten, CarrAmerica's managing director in Dallas, tells GlobeSt.com that the assignments weren't on the open market, but rolled with the sale due to a longstanding relationship with the buyer in Dallas and elsewhere.

In February, Triad pulled its headquarters from Two Galleria in North Dallas for the local address. Rent-a-Center is the lead tenant at 5700 Tennyson Parkway.

Vanderstraaten says "there's not a great deal of lease roll in the foreseeable future" so the focus will be on retention, with some operational changes likely to occur. The new owner and Triad will share in the cost to add a deck onto the adjoining parking garage for the health-care operator's benefit, he says.