Stillwater, Okla. — Hanley Investment Group Real Estate Advisors has arranged the $22.5 million sale of Lakeview Pointe Shopping Center, a 207,406-square-foot power center located in Stillwater, approximately two miles north of Oklahoma State University. Best Buy, Ross Dress for Less, Belk, Five Below and Petco anchor the center, which was 95 percent leased at the time of sale. Additional tenants include IBC Bank, Olive Garden, Texas Roadhouse, Lowe’s Home Improvement, Panda Express and Rack Room Shoes. Roughly 78 percent of Lakeview Pointe’s tenants have operated at the site for more than 15 years.
Jeff Lefko and Bill Asher of Hanley, in association with ParaSell Inc., represented the seller, Fairway, Kansas-based Rubenstein Real Estate Co., in conjunction with a family office based in Overland Park, Kansas. Scott Taubin of The R.H. Johnson Co. represented the buyer, a private investor based in Overland Park.