Oklahoma

CVS_Norman-Okla

Norman, Okla. — The Boulder Group has negotiated the $3.7 million sale of a single-tenant retail property located in Norman. CVS/pharmacy occupies the building, which is situated adjacent to a regional hospital. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the California-based buyer in the transaction. 

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Salad-and-Go_Edmond-Okla

Edmond, Okla. — Hanley Investment Group Real Estate Advisors has facilitated the $1.7 million sale of a single-tenant property located in Edmond, roughly 15 miles outside Oklahoma City. Salad and Go Drive-Thru occupies the 858-square-foot building, which is an outparcel to a Lowe’s. Jeff Lefko and Bill Asher of Hanley represented the seller, in association with Alex Apter of Location Commercial Real Estate and ParaSell Inc. Eric Fleske of Fleske Commercial Group represented the buyer, a private investor. 

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OAK_Oklahoma-City

Oklahoma City — Three new tenants have signed leases at OAK, a 20-acre mixed-use project currently underway in Oklahoma City. Williams Sonoma, Tommy Bahama and Pottery Barn will occupy 5,500; 8,000; and 12,420 square feet, respectively. Upon completion, which is scheduled for September 2024, Phase I of the development will feature 135,000 square feet of retail, in addition to a hotel and residential units. Veritas Development, with co-investor the Dobson family, is the developer and landlord. 

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OAK_Oklahoma-City

Oklahoma City — Veritas Development has topped out Phase I of OAK, a 20-acre mixed-use development underway in Oklahoma City. The first phase of the project includes 135,000 square feet of retail space, as well as a 132-room boutique hotel and 320 apartment units. Plans for another phase of the development include an additional 85,000 square feet of retail space and 100,000 square feet of office space. Michael Nagy and Chris Speciale of Open Realty are leading leasing efforts for the retail portion of the property, and tenants currently include Restoration …

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4400-S-Western-Ave_Oklahoma-City

Oklahoma City — Colliers has arranged the sale of a 161,190-square-foot former Sears property located in Oklahoma City. Michael Brewster and Drew Quinn of Colliers represented the undisclosed seller. Brad Peterson, El Warner and Charley Simpson of Colliers were also involved in the transaction. LSC Development acquired the property at auction for an undisclosed price, with plans for an adaptive reuse project including retail outlots and a self-storage facility. 

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The-Stacks-Oklahoma-City

Oklahoma City— The Medallion Group has broken ground on The Stacks, a 34,000-square-foot retail project in Oklahoma City. Tenants that have committed to the development include Mediterranean restaurant Cava, fast-casual eatery Pickleman’s and locally based food-and-beverage concept The Surf Bar. Additional retail and medical users will be announced later this year. The Stacks is scheduled to open in the first half of 2024.

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Tulsa, Okla. — Mohr Capital has acquired 20 acres of land in Tulsa for the development of a 50,000-square-foot shopping center, dubbed Tulsa Marketplace. Mohr will deliver a build-to-suit space for REI, which will anchor the property. Completion of construction is scheduled for spring 2024.

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Family-Dollar_Dollar-Tree

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, Alabama; Pauls Valley, Warner and Maud, Oklahoma; Edison, Georgia; Lincoln, Arkansas; and Coldiron, Kentucky. Josh Bishop of Matthews represented the seller, an unnamed developer that built the stores. The undisclosed institutional buyer purchased the properties at a cap rate of 6.4 percent.

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Irving, Texas — Palm Beach Tan Inc. has acquired tanning chain At the Beach, which comprises 58 salons across Oklahoma, Kansas, Southern California and Colorado. The stores will be operated by franchise entities Bronze Body LLC, Old Trinity Partners LLC and West Coast Tanning. Existing At the Beach customer accounts, memberships, sessions, credits and packages will be transferred to Palm Beach Tan, and all At the Beach employees have been offered positions with Palm Beach. This acquisition brings Palm Beach Tan’s total portfolio to 650 franchised and company-owned locations across …

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Denver — 7E CO Holdings LLC, a division of Monfort Cos., has acquired a portfolio comprising 19 gas stations and convenience stores. Located across Southwest Oklahoma, the stores will all be operated under the Chisholm Corner brand name. Grant McWhirter of Southwest Petroleum Realty represented the seller, Bostick and Associates, in the transaction.

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