SRS Real Estate Arranges $10M Sale of Shopping Center in Moore, Oklahoma

MOORE, OKLA. — SRS Real Estate Partners has arranged the $10 million sale of a 53,872-square-foot shopping center in Moore, a southern suburb of Oklahoma City. The property was built on 5.5 acres in 2018 and was 93 percent leased at the time of sale to tenants including Ulta Beauty and Burlington. Chris Tramontano and Aaron Johnson of SRS represented the seller, an entity doing business as BlueCiel Oklahoma LLC. Agree Realty, a publicly traded REIT, purchased the

May 4, 2022Acquisitions, Oklahoma, Retail, Texas

Plains Commercial Negotiates Sale of 243-Bed Skilled Nursing Portfolio in Oklahoma

TULSA AND CUSHING, OKLA. — Plains Commercial has arranged the sale of three skilled nursing facilities totaling 243 beds in Tulsa and Cushing, Oklahoma. Two of the buildings were built in the 1960s and 1970s and had undergone extensive renovations in recent years. The third was built in 1997. The seller was a locally based seniors housing operator, and the buyer is one of the largest skilled nursing operators in the state. Both parties requested anonymity. Daniel Morris of Plains Commercial …

April 20, 2022Acquisitions, Multifamily, Oklahoma, Seniors Housing, Texas

Blueprint Brokers Sale of 350-Unit Active Adult Portfolio in Metro Oklahoma City

MOORE, MUSTANG AND EDMOND, OKLA. — Blueprint Healthcare Real Estate Advisors has brokered the sale of a 350-unit portfolio comprising three active adult communities in the Oklahoma City suburbs of Moore, Mustang and Edmond. The seller was Walters Construction Co., which developed the properties between 2010 and 2021. The Moore community was recently expanded by 35 units. With the exception of that expansion, the assets were fully occupied at the time of sale. The buyer and sales price were …

March 22, 2022Acquisitions, Multifamily, Oklahoma, Texas

Ready Capital Closes $28.3M Acquisition Loan for Oklahoma City Apartments

OKLAHOMA CITY — New York City-based Ready Capital has closed a $28.3 million loan for the acquisition, renovation and stabilization of an unnamed, 400-unit apartment complex in Oklahoma City. The nonrecourse, interest-only loan features a 36-month term, floating interest rate, two extension options and a facility to fund future capital improvements. The sponsor was not

March 9, 2022Loans, Multifamily, Oklahoma, Texas

Spotlight on Tulsa: A Hidden Gem for Commercial Real Estate Investors

By Lanie Beck, director of corporate research, marketing & communications, Stan Johnson Co. Situated on the banks of the Arkansas River in northeast Oklahoma’s Green Country, Tulsa is a hidden gem for residents, employers and commercial real estate investors. Once recognized as the oil capital of the world, Tulsa has become a growing economic base for a variety of industries, including energy, finance, aviation, telecommunications and technology. Attractions and features of the city …

March 8, 2022Market Reports, Oklahoma, Texas, Texas Market Reports

SG Blocks Acquires Land in Durant, Oklahoma for $200M Industrial, Multifamily Development

DURANT, OKLA. — SG Blocks Inc. (NASDAQ: SGBX), a New York City-based developer of modular construction, has acquired 114 acres in Durant, located near the Texas-Oklahoma border, for the development of a $200 million industrial and multifamily project. Current plans call for 300 residential units in one-, two- and three-bedroom formats that range in size from 1,000 to 1,500 square feet, as well as 680,000 square feet of industrial space across eight 60,000-square-foot facilities. The Durant …

March 2, 2022Development, Mixed-Use, Oklahoma, Texas

SLIB Arranges Sale of 20-Unit Seniors Housing Community in Tulsa

TULSA, OKLA. — Senior Living Investment Brokerage (SLIB) has arranged the sale of The Arbors, a 20-unit assisted living community in Tulsa. The 15,688-square-foot property was built in 1997 on approximately two acres of land. The seller is a regional owner based in Tulsa. The buyer is an Oklahoma-based private owner. Jason Punzel and Nick Cacciabando of SLIB handled the transaction. Both parties requested

March 1, 2022Acquisitions, Multifamily, Oklahoma, Seniors Housing, Texas

OKC Industrial Market Sees Record Development, Low Vacancy as 2022 Begins

By Randy Lacey, SIOR, senior vice president, CBRE | Oklahoma City; and Chris Zach, CPA, associate, CBRE | Oklahoma City Contrary to popular belief, the ongoing pandemic has been a boon to many aspects of the Oklahoma City economy. Industrial real estate growth has been more prominent than any other commercial sector. Those familiar with the city and surrounding area can vouch for the speed and intensity of housing demand and development, but industrial real estate has set itself apart over …

March 1, 2022Industrial, Market Reports, Oklahoma, Texas, Texas Market Reports

Kroger to Open 50,000 SF ‘Spoke’ Distribution Center in Oklahoma City

OKLAHOMA CITY — Kroger (NYSE: KR) will open a 50,000-square-foot distribution center at 8801 N. Interstate 35 Service Road in Oklahoma City. The cross-dock facility, which is expected to come on line later this year and to employ up to 191 full-time associates, will serve as a last-mile, or “spoke,” distribution point for customers within a 200-mile radius. This territory includes Dallas, where Kroger and its partner in rolling out spoke facilities, United Kingdom-based logistics firm …

February 23, 2022Industrial, Leasing Activity, Oklahoma, Texas

Stan Johnson Co. Arranges $7.3M Sale of Tulsa Retail Property Leased to CVS

TULSA, OKLA. — Stan Johnson Co., a locally based brokerage firm focused on net-leased assets, has arranged the $7.3 million sale of a 13,225-square-foot retail property in Tulsa that is leased to CVS. The property was built in 2011. B.J. Feller of Stan Johnson Co. represented the seller in the transaction. A California-based institutional investor acquired the asset. The deal traded at a cap rate of 5.25 percent and was executed via a 1031

February 3, 2022Acquisitions, Net Lease, Oklahoma, Retail, Texas