Tulsa Okla. — Stan Johnson Co. has negotiated the $13.7 million sale of a portfolio of 10 restaurant properties totaling 25,643 square feet that are leased to Taco Bueno. The properties are located in various cities in Texas and Oklahoma. Josh Pardue of Stan Johnson Co. represented the seller, U.S. Realty Advisors LLC, in the transaction. The buyer was Centric Capital Partners. The deal traded at a cap rate of 7.22 percent.
Tulsa, Ok. — Stan Johnson Co. has brokered the sale of a 12-property portfolio of single-tenant retail buildings located across 10 states. The properties are occupied by tenants including Advance Auto Parts and PetSmart, alongside other auto part, eye care and pet supply retailers. The 187,884-square-foot portfolio was acquired by a joint venture between affiliates of MCB Real Estate and Blue Vista Capital Management for $28.5 million. Zach Harris, Jeff Hughes and Melissa McKenzie of Stan Johnson Co. represented the seller, a Midwest-based private family office.
Oklahoma City — Home furnishings retailer At Home has opened a 117,552-square-foot store at Plaza at Quail Springs, a shopping center in Oklahoma City. 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 225.
Tulsa, Okla. — Stan Johnson Co. has brokered the $68.4 million sale of a 27-property, single-tenant retail portfolio located across 18 states. The 340,000-square-foot portfolio includes properties ranging from 5,100 square feet to 23,500 square feet. The buildings are leased to tenants including dollar stores, discount retailers, automotive suppliers, farm stores and home improvement retailers. Zach Harris, Jeff Hughes and Melissa McKenzie of Tulsa, Oklahoma-based Stan Johnson represented the seller, a Midwest-based private family office, in the disposition of the properties to an undisclosed institutional investor.
Tulsa, Okla. and Atlanta— Real estate brokerage and advisory firm Stan Johnson Co. has acquired Atlanta-based Shane Investment Property Group for an undisclosed price. This acquisition will support the Tulsa-based company’s multi-tenant retail investment sales growth and diversification strategy, as well as the opening of a second metro-Atlanta office in the northern suburb of Alpharetta. “Shane Investment Property Group is well-known in the Atlanta area and greater Southeast market for providing exceptional client service and their cultural identity complements ours very well,” says Stan Johnson, president and CEO of Stan …
Jenks, Okla. — Simon Property Group Inc. has broken ground on Tulsa Premium Outlets, a 340,000-square-foot, open-air retail and dining destination. The property is located just off the Creek Turnpike in Jenks, a southern suburb of Tulsa, and will be Simon’s 91st Premium Outlets development. Construction of the property is expected to generate 400 jobs, and the opening of the center is anticipated to create 800 new full- and part-time jobs. A completion date was not released.
Tulsa, Okla. — Disney Investment Group has brokered the sale of Memorial Crossing, a 70,376-square-foot shopping center in Tulsa. Anchored by HomeGoods, Petsmart and ULTA Beauty and shadow-anchored by Costco, the center was 97 percent leased at the time of sale. Disney Investment Group represented the seller, Dallas-based Leon Capital Group, in the transaction, and procured the undisclosed buyer.
Norman, Okla. — Dallas-based Disney Investment Group has negotiated the sale of University Town Center, a 417,515-square-foot retail power center in Norman. The property was 99 percent leased at the time of sale to tenants such as T.J. Maxx, HomeGoods, Academy Sports + Outdoors, Kohl’s and Michael’s. Disney represented the undisclosed seller in the transaction. The buyer was an entity controlled by Rainier Realty Investments, which partnered with CIL2 REIT LLC, managed by Continuum Holdings. Dallas-based Metropolitan Capital Advisors arranged acquisition financing for the deal.
Tulsa, Okla. — R/D Investors has acquired Tulsa Hills, a 700,000-square-foot shopping center located in Tulsa.
Yukon, Okla. — Hooter’s, Cheddar’s Scratch Kitchen and Arby’s will join The Market at Czech Hall, a 160,000-square-foot retail center located 17 miles west of Oklahoma City in Yukon.