The new owner of the 21.3-acre Richland Pointe at 5201 Rufe Snow Dr. is starting the play with a Huntington Beach, CA-headquartered tenant that has seven years left on its lease and the possibility of an expansion, according to Tim O. Terrell, executive vice president of Dallas-based Stream Realty Partners LP, tells GlobeSt.com. "Triad has leases rolling in the US that may necessitate an expansion in the future, but we're not negotiating it yet," he stresses.

What Terrell is doing, though, is actively marketing the space as he did before for the seller, Pretty MT LP of Dallas, which had owned Richland Pointe since 1999. The 25-year-old asset, sold on a free-and-clear basis, is assessed at $11.53 million by Tarrant County. All that Terrell can say about the financials is that it beat the assessment, but he's not saying by how much. Buyer Bradbury Pointe LLC has hung a $13 per sf, triple net rate on the open space.

Terrell and Stream vice president Keith Fisher had the listing on the market 90 days without an ask. Because Richland Pointe is a retooled outlet mall, the parking ratio is nine per 1,000 sf, a chief selling point for private investors who pursued the deal, Terrell explains, adding its other top feature is dual feed power from separate substations.