REBusinessOnline

WHEELER REIT BUYS TULSA AREA RETAIL PROPERTY FOR $1.7M

JENKS, OKLA. — Wheeler Real Estate Investment Trust Inc. has purchased Jenks Plaza, a 7,800-square-foot retail property in the Tulsa suburb of Jenks for approximately $1.7 million, or $223 per leasable square foot. The strip shopping center was fully leased at the time of sale to five tenants, including Tint World, Papa Murphy’s Pizza, Envy Nails, La Mode Quality Cleaners and Maple Gardens. Reasor’s Foods shadow-anchors the asset, which has direct access to Creek Turnpike, a major thoroughfare with traffic counts of more than 32,600 vehicles per day. The Virginia Beach, Va.-based Wheeler purchased the property from one of its affiliated entities.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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