OKLAHOMA CITY — Home2Suites by Hilton has opened a 115-room hotel located off Interstates 40 and 44 near Will Rogers Airport in Oklahoma City. The pet-friendly property features amenities such as a combined fitness and laundry area, an indoor saltwater pool and a fire pit and grill area. Suites offer fully equipped kitchens and modular furniture. Nashville-based Platinum Hospitality LLC will manage the property.
NORMAN AND TULSA, OKLA. — Harborview Capital Partners has closed a total of $16.1 million in acquisition financing for a 399-unit multifamily property in Norman and a 100-unit multifamily property in Tulsa. Jeffrey Fuchs of Harborview closed both deals. Fuchs also recently closed $1.7 million in refinancing for two retail properties in Lorenzo and Paducah, Texas, both of which are leased to Family Dollar. The names of the Oklahoma multifamily properties and the borrowers were not disclosed.
TULSA, OKLA. — Knightvest Management, a Dallas-based multifamily investment and management firm, has acquired Waterside, a 682-unit apartment community located at 1703 S. Jackson Ave. W in Tulsa. The property includes a combination of one- and two-bedroom units and amenities such as a fitness center, business center, resort-style pool and convenient access to nearby jogging and biking trails. The company is planning a multimillion-dollar renovation to the property’s interior and exterior. The seller and sales price were not disclosed.
MIDWEST CITY, OKLA. — Hilton Worldwide has opened Home2 Suites by Hilton OKC Midwest City Tinker AFB, a 99-room hotel located in Midwest City, an eastern suburb of Oklahoma City. Amenities include a combined fitness and laundry area, 1,000 square feet of meeting space and an indoor pool. The property is located at 1820 Center Drive near Tinker Air Force Base, Rose State College and Will Rogers World Airport.
MOORE, OKLA. — Marcus & Millichap has brokered the sale of The Shops at Moore, a 17,925-square-foot retail power center located at the corner of 19th Street and Interstate 35 in Moore, a suburb of Oklahoma City. The center was 100 percent leased at the time of sale to national and regional tenants. Nearby retailers include Office Depot, Hobby Lobby, AT&T and Best Buy. Lisa Estrada of Marcus & Millichap represented the seller, a Fort Worth-based limited liability company. First National Bank of Oklahoma provided financing for the acquisition. The name of the buyer and the sales price were not disclosed.
TULSA, OKLA. — CBRE has brokered the $4.1 million sale of Town West Shopping Center, a 162,396-square-foot retail development located at the intersection of South 49th West Avenue and West Skelly Drive in Tulsa. The property was 93 percent leased at the time of sale to tenants such as Big Lots, Dollar General and Harbor Freight Tools. Austin-based Freestar Investments LLC purchased the property from Tulsa-based Case & Associates. Jason Little and Justin Brannon of CBRE represented the seller in the transaction.
BARTLESVILLE, OKLA. — GBT Realty Corp. has completed Silver Lake Village, a $20 million, 85,000-square-foot retail center in Bartlesville, about 45 miles north of Tulsa. The shopping center is currently leased to tenants such as Ulta Beauty, Ross Dress for Less, T.J. Maxx and Rack Room Shoes. Approximately 5,500 square feet of space and three once-acre outparcels of space are currently available for lease.
NORMAN, OKLA. — A joint venture between Balfour Beatty Campus Solutions LLC and Provident Resources Group (PRG) has broken ground on the first phase of a $194 million mixed-use project at the University of Oklahoma in Norman. The development will expand the university’s on-campus living options for upperclassmen as part of a public-private partnership. Located on more than 10 acres in the southern part of OU’s campus, the project will include four mid-rise buildings with 1,231 beds. Plans also call for 40,000 square feet of retail and academic space, as well as a 1,000-car parking garage. Construction of the project is slated for completion in August 2018 in preparation for the 2018-2019 academic year. OU and Balfour Beatty Communities will jointly operate and manage the housing component of the development. JE Dunn Construction is leading the project’s design/build team, in collaboration with Clark Nexsen and Oklahoma City-based Studio Architecture. RBC Capital Markets is the financial underwriter for the project. Balfour Beatty Campus Solutions provides development, asset/property management and other real estate services to higher education with a focus on public-private partnerships. PRG is a national non-profit organization that develops, owns and operates educational, healthcare, seniors housing and multifamily properties. To …
MOORE, OKLA. — BMC Capital has secured a $2 million loan for the acquisition of an 80-unit multifamily property in Moore, a southern suburb of Oklahoma City. Clayton Wells of BMC arranged the 10-year loan, which features a 4.1 percent interest rate, and 30-year amortization schedule, on behalf of the undisclosed borrower.
OKLAHOMA CITY — Sealy & Co., a Louisiana-based industrial investment firm, has acquired a 17-building, 1.2 million-square-foot industrial park in Oklahoma City. The transaction comes as part of the company’s acquisition of an undisclosed, private REIT. The buildings are situated in Oklahoma City’s Southwest submarket near Will Rogers World Airport and Interstates 44 and 40.