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Vintage Buys Leased 182,630-SF Industrial

ARLINGTON, TX-Vintage Interests inherits a long-term lease from a single tenant with the purchase of an office/warehouse in Six Flags Business Park from a 20-year owner.

By Connie Gore | Updated on February 08, 2008

ARLINGTON, TX-Vintage Interests LP has picked up a 182,630-sf office/warehouse in Six Flags Business Park from a 20-year owner. The reign begins with a long-term lease from Link Simulation and Training, which has 740 employees at the site.

“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.

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