Jeff Hanson, president and CEO of Triple Net Realty Inc., tellsGlobeSt.com that there is no formal deal for the as-yet undevelopedexpansion, but the Santa Ana, CA-based investment group certainlyis aware of the plan by Hunter Equities Inc. for a second phase atthe intersection of Interstate 635 and Olympus Boulevard. Theacquisition at 1800-2280 Marketplace Blvd. is the beginning of apush to return to the retail-buying arena after four-year lull andselling all that Triple Net accumulated between 1998 and 2000, hesays.

The 11.3-acre Hunter Plaza, developed last year, is bisected byOlympus Boulevard, with a Best Buy-anchored strip totaling 61,864sf on the east side and a 24-Hour Fitness-anchored strip with44,000 sf on the west side. The developer's unsold and vacanttract, capable of supporting another estimated 80,000 sf, abuts thewestern side of the Best Buy strip.

"It was very aggressively pursued," says Adam Howells, managingdirector with Holliday Fenoglio Fowler LP, adding a dozen to 14offers went on the table for the class A prize in a 30-daymarketing. The Dallas-based seller didn't intend for the shoppingcenter to be a merchant build, he explains, but options had beenkept open from the onset. "Hunter Equities is a veryentrepreneurial company. They pay attention to investors. Theirobjective was to build a quality project and if the right deal camealong," he says, "they'd sell it and if not, they'd hold it."