OKLAHOMA CITY — Tampa-based SkyView Advisors has brokered the sale of A&W Storage, a 467-unit self-storage facility located at 4800-4900 S. Sunnylane Road in Oklahoma City. The property is situated on 5.2 acres and spans 88,020 net rentable square feet. Richard Riddle, Ryan Clark and Zack Urow of SkyView Advisors represented the locally based seller in the transaction. The buyer was an undisclosed institutional investor.
OKLAHOMA CITY — Tanenbaum Equity Partners (TEP), a subsidiary of Oklahoma City-based Gardner Tanenbaum, has purchased a portfolio of 42 federally leased properties in 11 states for $106.5 million. Most of the buildings, which collectively total 573,000 square feet, were constructed as build-to-suits for government agencies such as the Social Security Administration, the Department of Homeland Security and the Veterans Administration. A Dallas-based team of Sunny Sajnani, Todd McNeill and Brandon Wilhite of Marcus & Millichap Capital Corp. arranged acquisition financing through Arkansas-based Centennial Bank on behalf of TEP. A Colliers International team led by Geoff Ficke represented TEP in the sale. The seller was CoreCivic, according to the Nashville Business Journal.
OKLAHOMA CITY — Gardner Tanenbaum and Robinson Park Investments have unveiled plans to develop a 400,000-square-foot mixed-use project within Oklahoma City’s Innovation District. The developers secured 2.7 acres of land for the project and expect to break ground in late 2021. Plans call for research labs, office space, a hotel, retail space and a public area. FSB Architects designed the project. Expected development costs were undisclosed. According to the developers, the goal is to “build an environment that promotes cross-sector collaboration among Oklahoma’s key industries, including aviation, aerospace, bioscience and energy.” The facilities will feature shared technology for 3D imaging and printing, as well as biomedical research and laboratories. Wheeler Labs, the first portfolio company of Echo Investment Capital’s venture capital fund in biotech, is slated to be the project’s anchor tenant. Wheeler is a clinical laboratory with plans to expand into the bio-manufacturing industry. In addition, the University of Oklahoma is committed as an educational and research partner. “This project ushers in a new era for our ever-growing city,” says Richard Tanenbaum, CEO of Gardner Tanenbaum. “Researchers, engineers, universities and industry leaders are pioneering Oklahoma-born advances in bioscience, aerospace, energy and health.” The Oklahoma City Innovation District encompasses 1.3 …
OKLAHOMA CITY — Amazon (NASDAQ: AMZN) will open a 1 million-square-foot fulfillment center in Oklahoma City in a move that is expected to create about 500 new full-time jobs. The developer and location of the facility, which is expected to open some time in 2021, were not disclosed. Since 2010, Amazon has created more than 4,000 jobs in Oklahoma and invested more than $650 million across the state, including infrastructure and compensation to its employees. The company also recently announced plans to open new facilities in metro Houston and Waco.
OKLAHOMA CITY — Dallas-based Elkhorn Capital Partners has acquired Quail Plaza Apartments, a 92-unit multifamily community in Oklahoma City. According to Apartments.com, the property features one- and two-bedroom units and amenities such as a pool, fitness center, playground, game room and bike storage area. The seller and sales price were not disclosed.
TUCSON, ARIZ., AND OKLAHOMA CITY, OKLA. — Gantry has secured $86.5 million in refinancing for a seven-property multifamily property in Arizona and Oklahoma. Patrick Barkley, Chad Metzger and Kevin Valenzuela of Gantry represented the borrower, BWL Properties, in the transaction. Wells Fargo arranged the 10-year Fannie Mae loans with five years of interest-only payments. Totaling 1,601 units, the seven apartment communities were built between 1972 and 1985.
OKLAHOMA CITY — Hines, in partnership with Humphreys Capital, has broken ground on a 326-unit luxury multifamily project within the Classen Curve development in the Nichols Hills submarket of Oklahoma City. The community will offer one, two- and three-bedroom units and amenities such as a pool, fitness center, clubroom, library, dog run and outdoor courtyards. Dwell Design Studio is the project architect. The first units are expected to be available for occupancy in early 2022.
OKLAHOMA CITY — New Jersey-based Monmouth Real Estate Investment Corp. has acquired a 120,780-square-foot industrial building at 6101 SW 44th St. in Oklahoma City for $15.2 million. The property is situated on 22 acres and is net-leased to Amazon.com Services LLC for 10 years. According to LoopNet Inc., the property was built in 2019 and features 30- to 32-foot clear heights and a 5 percent office finish. The seller was not disclosed.
OKLAHOMA — Carnegie Capital has arranged an $11.5 million loan for the refinancing for three skilled nursing facilities totaling 330 licensed beds in southern-central Oklahoma. The borrower is a local owner-operator, and the lender is an Arkansas-based regional bank. J.D. Stettin of Carnegie Capital arranged the loan, which features a fixed 3.99 percent interest rate for five years. The names of the facilities were not disclosed.
BIXBY, OKLA. — Minneapolis-based investment firm Timberland Partners has purchased Encore Memorial, a 248-unit apartment community located in the southern Tulsa suburb of Bixby. Built in 2012, the property offers one-, two- and three-bedroom units. Amenities include a business center, resident clubhouse, pool, fitness center, playground and a volleyball court. Timberland Partners acquired the asset through its $100 million TPAF VII Fund. The seller was not disclosed.