Oklahoma

Woodside Capital Begins Renovation of 100,000 SF Office Complex in Oklahoma City

by Taylor Williams May 31, 2019

OKLAHOMA CITY — Fort Worth-based Woodside Capital Group has begun a $6 million renovation project at LakePointe Towers, a two-building office complex in Oklahoma City. The assets feature nearly 100,000 square feet available for lease. Woodside, which acquired the properties in fall 2018, has already completed upgrades to the parking areas, as well as added new paint, roofs and building chillers. Ongoing improvements include updates to the lobbies, restrooms, signage and landscaping. CBRE will market LakePointe Towers for Woodside following completion of the project.

May 31, 2019

Acquisitions Industrial Oklahoma Texas

Reich Bros. Acquires 228,000 SF Manufacturing Facility in Tulsa

by Taylor Williams May 24, 2019

TULSA, OKLA. — National industrial investment firm Reich Bros. has acquired a 228,000-square-foot heavy manufacturing facility in Tulsa. The property, which is situated on 67 acres near Interstates 44 and 244, formerly served as the main manufacturing and warehousing location in the market for SPX Heat. The facility is also located near Tulsa International Airport and Amazon’s 600,000-square-foot distribution center that is currently under construction. The site comprises a 160,000-square-foot warehouse, a 40,000-square-foot fabrication building and a 28,000-square-foot office building. The seller and sales price were not disclosed.

May 24, 2019

Development Industrial Oklahoma Texas

Gardner Tanenbaum Underway on 156,000 SF Industrial Project in Oklahoma City

by Taylor Williams May 16, 2019

OKLAHOMA CITY — Locally based developer Gardner Tanenbaum Holdings (GTH) is underway on construction of a 156,000-square-foot industrial facility in Oklahoma City for Corken Inc., a provider of pumps and compressors. Situated within the 104-acre Britton Road Commerce Park, the property offers convenient access to Interstate 35. Corken will utilize the facility, which is expected to be complete in late 2019, for manufacturing and office uses. Metropolitan Capital Advisors arranged debt for the project through Centennial Bank.

May 16, 2019

Acquisitions Multifamily Oklahoma Texas

Marcus & Millichap Brokers Sale of 26-Unit Apartment Community in Elgin, Oklahoma

by Taylor Williams April 29, 2019

ELGIN, OKLA. — Marcus & Millichap has brokered the sale of Kensington Rental Estates, a 26-unit multifamily community in Elgin, located southwest of Oklahoma City. Derek Wilson of Marcus & Millichap represented the seller and buyer, both of which were private investors, in the transaction. The property was built in 2013 and offers two- and three-bedroom units.

April 29, 2019

Development Office Oklahoma Texas

MCA Arranges $10.7M Construction Loan for Renovation of Tulsa Office Building

by Taylor Williams April 24, 2019

TULSA, OKLA. — Dallas-based Metropolitan Capital Advisors (MCA), which also has an office in Denver, has arranged $10.7 million in construction financing for the renovation of Reunion Center, a 95,000-square-foot historic office building in downtown Tulsa. The borrower, Oklahoma-based Rose Rock Development Partners, plans to convert the 10-story building into a 79-unit residential property with 10,000 square feet of ground-floor retail space. The new community will offer a pool, outdoor grilling area and a rooftop terrace. Brandon Wilhite of MCA arranged the loan though CrossFirst Bank on behalf of Rose Rock, which will also receive $4.3 million in federal and state historic tax credits for the project.

April 24, 2019

Loans Office Oklahoma Texas

JLL Arranges $48.6M Acquisition Loan for Tulsa Office Portfolio

by Taylor Williams April 2, 2019

TULSA, OKLA. — JLL has arranged a $48.6 million acquisition loan for a portfolio of nine office buildings totaling more than 1 million square feet in Tulsa’s southern submarkets. Adam Schwartz, Aaron Appel, Keith Kurland, Jonathan Schwartz, Matt Collins and Sean Bastian of JLL placed the loan through Citigroup Inc. on behalf of the borrower, Group RMC, a New York-based office investment firm.

April 2, 2019

Development Oklahoma Retail Texas

N3 to Develop Retail Strip Center in Denison, Texas

by Taylor Williams March 8, 2019

DENISON, TEXAS — N3 Real Estate has acquired three pieces of land in the North Texas city of Denison for the development of a retail strip center that will offer between 5,000 and 8,000 square feet of space. The site is located near Gateway Village, a mixed-use destination owned by Covenant Development that features residences and multiple retail and restaurant uses, including a HeyDay entertainment center. N3 is also developing a 7,250-square-foot strip center in Lawton, Okla., that will be anchored by a Tropical Smoothie.

March 8, 2019

Loans Multifamily Oklahoma Texas

Arbor Realty Provides $1.7M Freddie Mac Loan for Refinancing of Apartments in Metro OKC

by Taylor Williams February 25, 2019

CHICKASHA, OKLA. — Arbor Realty Trust Inc. (NYSE: ABR) has provided a $1.7 million Freddie Mac loan for the refinancing of Winding Creek Apartments, a 50-unit multifamily asset in Chickasha, a southwestern suburb of Oklahoma City. The property was built in 1974 on eight acres. Eric Regenbogen of Arbor Realty originated the loan through Freddie Mac’s Small Balance Loan program on behalf of the undisclosed borrower.

February 25, 2019

Acquisitions Industrial Oklahoma Texas

CBRE Negotiates Sale of 21,000 SF Industrial Property in Oklahoma City

by John Nelson February 4, 2019

OKLAHOMA CITY — CBRE has negotiated the sale of a 21,000-square-foot industrial property located at 2740 Global Parkway in Oklahoma City. The property is situated just off Interstate 40 on the southeast side of the city. Randy Lacey and Austin Lacey of CBRE represented the buyer, BGI Investments LLC, in the transaction. The representative of the seller was, Genprop Operators LLC, was not disclosed.

February 4, 2019

Acquisitions Multifamily Oklahoma Texas

CBRE Negotiates Sale of 32-Unit Apartment Complex in Oklahoma City

by Taylor Williams January 28, 2019

OKLAHOMA CITY — CBRE has negotiated the sale of a Flamingo Apartments, a 32-unit multifamily complex in Oklahoma City. Formerly known as University Manor, the property was built in 1961 and renovated in 2017. CBRE represented the seller, an affiliate of Oklahoma City-based boutique real estate development and design company, Nostalgia Shoppe. The buyer, Flamingo Holdings LLC, acquired he asset through a Freddie Mac Small Balance Loan.

January 28, 2019

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