"We inherited an existing lease. They just exercised an additional renewal option with several years remaining," Rusty Perry III, managing partner of the Dallas-based, tells GlobeSt.com about the purchase of 2115 E. Randol Mill Rd. The 8.01-acre property was marketed for $9.5 million by Dave Anderson, executive vice president with CB Richard Ellis' Dallas team.

Perry isn't tipping his hand about how much he paid, but the asset is assessed at $5.65 million. Vintage typically spends $5 million to $10 million on its deals. "It's a good cash flowing asset," Perry says. "We feel like we bought it at a significant discount to replacement in an area that's only improving." The property is situated less than a half-mile from the Ballpark at Arlington and new Dallas Cowboys' stadium. Brandon Chavoya with Holliday Fenoglio Fowler LP in Dallas arranged financing.

Ezon Inc. of Germantown, TN bought the office/warehouse in December 1997, with Link Simulation in place. The tenant moved into a portion of the building shortly after it was built in 1988 for multi-tenant use and eventually took it over completely through several expansions.