Oklahoma

Matthews Arranges $16.1M Portfolio Sale of Eight Stores Leased to Family Dollar-Dollar Tree

by John Nelson January 25, 2023

NASHVILLE, TENN. — Nashville-based Matthews Real Estate Investment Services has arranged the $16.1 million portfolio sale of eight stores leased to the combo Family Dollar-Dollar Tree discount retail concept. The stores are located in Blountsville and Clayton, Ala.; Pauls Valley, Warner and Maud, Okla.; Edison, Ga.; Lincoln, Ark.; and Coldiron, Ky. Josh Bishop of Matthews represented the seller, an unnamed developer that built the stores. The undisclosed institutional buyer purchased the assets at a cap rate of 6.4 percent.

January 25, 2023

Acquisitions Industrial Oklahoma Self-Storage Texas

Marcus & Millichap Arranges Sale of 754-Unit Self-Storage Facility in Norman, Oklahoma

by Taylor Williams January 18, 2023

NORMAN, OKLA. — Marcus & Millichap has arranged the sale of Cambridge Mini Storage, a 754-unit self-storage facility in Norman, located south of Oklahoma City. The facility totals 87,700 net rentable square feet. Bryan Quaschnick, Brandon Karr and Danny Cunningham of Marcus & Millichap represented the locally based seller in the transaction and procured a Dallas-based private partnership as the buyer. Both parties requested anonymity.

January 18, 2023

Loans Multifamily Oklahoma Texas

Bellwether Enterprise Provides Agency Credit Facility for 256-Unit Affordable Housing Complex in Houston

by Taylor Williams January 10, 2023

HOUSTON — Bellwether Enterprise Real Estate Capital has provided a Freddie Mac Transitional Line of Credit for Aspen Park, a 256-unit affordable housing complex in Houston. The amount was not disclosed, but the financing is part of a $150 million credit facility for a quartet of properties in Texas and Oklahoma. The borrower, Alabama-based Envolve Communities, will use the proceeds to refinance existing debt, preserve affordability and fund capital improvements. Jon Killough and John Roberts of Bellwether Enterprise originated the financing. Aspen Park houses one-, two- and three-bedroom units, the majority of which are reserved for renters earning 60 percent or less of the area median income.

January 10, 2023

Acquisitions Oklahoma Retail Texas

Montfort Cos. Buys Portfolio of 19 Gas Station, Convenience Stores in Southwest Oklahoma

by Taylor Williams December 23, 2022

DENVER — A subsidiary of Denver-based investment firm Montfort Cos. has purchased The Chisholm Corner Portfolio, a collection of 19 gas station and convenience stores in southwest Oklahoma. The subsidiary, 7E Holdings LLC, will subsequently assume operations of all stores, the exact locations of which were not disclosed. Grant McWhirter of Southwest Petroleum Realty represented the seller, Bostick & Associates, in the transaction.

December 23, 2022

Acquisitions Industrial Oklahoma Texas

MAG Capital Partners Acquires 76,673 SF Industrial Portfolio in Bartlesville, Oklahoma

by Taylor Williams December 1, 2022

BARTLESVILLE, OKLA. — Fort Worth-based investment firm MAG Capital Partners has acquired a 76,673-square-foot industrial portfolio in Bartlesville, a northern suburb of Tulsa. The portfolio comprises two buildings totaling 41,525 and 35,148 square feet that respectively feature 14- and 19-foot clear heights. J.C. Asensio, Briggs Goldberg and Andrew Sandquist of Newmark represented the seller, ImageFIRST Healthcare Laundry Specialists, which has entered into a sale-leaseback agreement with MAG Capital Partners.

December 1, 2022

Acquisitions Industrial Oklahoma Texas

Partners Negotiates Sale of 40,000 SF Industrial Building in Marlow, Oklahoma

by Taylor Williams October 31, 2022

MARLOW, OKLA. — Partners, the Houston-based firm formerly known as NAI Partners, has negotiated the sale of a 40,000-square-foot industrial building in Marlow, about 70 miles south of Oklahoma City. The sale included 8.6 acres of undeveloped land. Jon Silberman and Pierce Beyer of Partners represented the seller, Cimarron Energy, in the transaction. Steve Fithian and Trent Herrera of SVN Trinity Advisors represented the undisclosed buyer.

October 31, 2022

Development Loans Mixed-Use Oklahoma Texas

JLL Arranges $100M Construction Loan for Oklahoma City Mixed-Use Project

by Taylor Williams October 27, 2022

OKLAHOMA CITY — JLL has arranged a $100 million construction loan for OAK, a mixed-use project in Oklahoma City. Jeremy Sain of JLL arranged the financing through an undisclosed lender on behalf of the borrower, Veritas Development. At full build-out, the development will consist of 320 residential units, 260,000 square feet of office space, 250,000 square feet of retail space, a 133-room boutique hotel and 7,000 square feet of public green space, all connected by walking paths. Retail tenants that have already committed to OAK include RH, Arhaus and Capital Grille.

October 27, 2022

Acquisitions Industrial Oklahoma Self-Storage Texas

VanWest Partners Acquires Two Tulsa Self-Storage Facilities Totaling 950 Units

by Taylor Williams October 25, 2022

TULSA, OKLA. — Denver-based investment firm VanWest Partners has acquired two self-storage facilities in Tulsa in off-market transactions. Combined, the facilities span more than 140,000 net rentable square feet across some 950 units, including outdoor parking/storage spaces. Both facilities were approximately 95 percent occupied at the time of sale. The seller and sales price were not disclosed. The new ownership is planning a capital improvement program that will include new gate and camera systems, door replacements and roof and asphalt upgrades.

October 25, 2022

Acquisitions Office Oklahoma Texas

Syndicated Equities Acquires 111,500 SF Office Building in Oklahoma City

by Taylor Williams October 6, 2022

OKLAHOMA CITY — Chicago-based investment firm Syndicated Equities has acquired a 111,500-square-foot office building in Oklahoma City’s Automobile Alley neighborhood. The seven-story building was constructed in 2020 as a build-to-suit for the corporate headquarters of financial technology firm Heartland Payment Systems, which occupies the entire property on a net-lease basis. The seller and sales price were not disclosed. Old Second National Bank and Gateway First Bank provided acquisition financing for the deal.

October 6, 2022

Silver-Lake-Village-Bartlesville-Oklahoma

Acquisitions Oklahoma Retail Texas

Stan Johnson Co. Negotiates $15.3M Sale of Shopping Center in Bartlesville, Oklahoma

by Taylor Williams September 13, 2022

BARTLESVILLE, OKLA. — Locally based brokerage firm Stan Johnson Co. has negotiated the $15.3 million sale of Silver Lake Village, an 87,750-square-foot shopping center in Bartlesville, located north of Tulsa. The center was fully leased at the time of sale to 12 tenants, with T.J. Maxx, Ross Dress for Less, Petco and Ulta Beauty serving as the anchors. Margaret Caldwell and Patrick Kelley of Stan Johnson Co. represented the seller, Tennessee-based GBT Realty Corp., in the transaction. The buyer was a Florida-based 1031 exchange investor that requested anonymity.

September 13, 2022

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