REBusinessOnline

National Health Advisors Purchases Brookhaven Hospital in Tulsa for $40.3M

TULSA, OKLA. — National Health Advisors (NHI) has purchased Brookhaven Hospital, a 64-bed facility in Tulsa, Okla., for $40.3 million. Behavioral health services provider Vizion Health, which treats patients who have suffered traumatic brain injuries, occupies the property on a 15-year lease. The seller was not

Lambert Breaks Ground on 92-Room NOUN Hotel in Norman, Oklahoma

NORMAN, OKLA. — Lambert, a hospitality development and management firm, has broken ground on the NOUN Hotel, a boutique property that will be situated near the University of Oklahoma’s campus in the downtown area. The hotel will 92 guestrooms, including two 900-square-foot suites, as well as a banquet room and several bars with indoor and outdoor seating. Completion is slated for summer

Corinth Land, Prattco Creekway Buy Two Industrial Buildings Totaling 121,600 SF in Oklahoma City

OKLAHOMA CITY — A partnership between Fort Worth-based Corinth Land Co. and Dallas-based Prattco Creekway Industrial has purchased two industrial buildings totaling 121,600 square feet in Oklahoma City. The buildings are situated on a combined 14.3 acres on the city’s southwest side and are leased to tenants such as Fred Jones, Overhead Door Corp. and TireHub. Veritex Bank provided acquisition financing for the deal, and Western Product Co. contributed equity. The seller(s) was not …

NorthMarq Arranges $22.5M Loan for Refinancing of Oklahoma City Apartments

OKLAHOMA CITY — NorthMarq has arranged a $22.5 million bridge loan for the refinancing of The Restoration at Candlewood, a 328-unit apartment community in northwest Oklahoma City. The property features one-, two-, three- and four-bedroom units and amenities such as two pools, a clubhouse, fitness center, outdoor grilling areas, dog park and a children’s play area. Connecticut-based Avant Capital provided the financing, proceeds of which will be used to repay an existing first mortgage and …

At Home Opens 117,552 SF Store at Plaza at Quail Springs in Oklahoma City

OKLAHOMA CITY — Plano-based home furnishings retailer At Home (NYSE: HOME) has opened a 117,552-square-foot store at Plaza at Quail Springs, a shopping center in Oklahoma City. Locally based investment and management firm JAH Realty owns the center, which is located at 2201 NW 138th St. near Quail Springs Mall on the city’s north side. At Home is backfilling a space formerly occupied by three separate tenants. The company’s total store count now stands at

Sparrow Partners Underway on 268-Unit Active Adult Community in Norman, Oklahoma

NORMAN, OKLA. — Austin-based Sparrow Partners is underway on construction of Sage Cobblestone, a 168-unit active adult community in Norman. The property will be located adjacent to the Cobblestone Creek Golf Course and 2.5 miles from the University of Oklahoma. The first residents are scheduled to move in to the six-acre property in the spring 2022. Sparrow Partners will build and own Sage Cobblestone, while its subsidiary Sparrow Living will manage the property. The project team includes …

Elkhorn Capital Acquires Two Apartment Complexes Totaling 158 Units in Oklahoma City

OKLAHOMA CITY — Dallas-based investment firm Elkhorn Capital Partners has acquired Arbor Glen and Arbor Vista, two contiguous apartment complexes totaling 158 units in Oklahoma City. Recently renamed Parkview Apartments 1 and 2, the properties total 96 and 62 units, respectively, in one- and two-bedroom floor plans. Elkhorn Capital is planning to consolidate the complexes into one property and to implement a value-add program to unit interiors and amenity spaces. The seller was not

Berkadia Provides $46.1M HUD-Insured Loan for Refinancing of Multifamily Property Near Tulsa

BROKEN ARROW, OKLA. — Berkadia has provided a $46.1 million HUD loan for the refinancing of Creekside Apartments I and II, a 380-unit multifamily property located in the Tulsa suburb of Broken Arrow. The property features one-, two- and three-bedroom units and amenities such as a pool, fitness center, childcare area, business center and a dog park. Jennifer Quigley of Berkadia originated the loan through HUD’s 223(f) program on behalf of the borrower, Montana-based BlackRidge Cos. The …

SkyView Advisors Brokers Sale of 467-Unit Self-Storage Facility in Oklahoma City

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

Tanenbaum Equity Partners Buys Portfolio of Government-Leased Office Properties for $106.5M

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 …

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