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Judy J. Hatfield with Equity Commercial Realty LLC brokered the sale of the University Falls Apartments in Norman for $1.375 million. The seller was Paramount Investment Management LLC, and the buyer was Asset Planning & Administration Inc. The new owner plans to keep renting the 32 units as apartments. There are two floor plans that offer residents a one-bedroom flat or a townhouse/loft-style apartment. Rhonda Collett with Cleveland County Abstract handled the closing. Read more | Preview
MWC Storage Investors LLC purchased a former Walmart building and the surrounding land at 7500 E. Reno in Midwest City for $1.375 million from Walmart Realty Company. The 122,000-square-foot building sits on 17.5 acres. The property is slated to become a multi-use area. Rod Baker with Baker First Commercial Real Estate, and Donna Kolius with CB Richard Ellis in Houston, handled the transaction. Chicago Title and Trust Company handled the closing. Read more | Preview
The 159-unit Brighton Place Apartments at 7000 S. Walker Ave. sold for $3.2 million. The seller was Kelley Property Investment LLC, and the buyer was Gupta Family Holdings LLC. The complex comprises 118,600 square feet and was built in 1975. Eva Wills, William Forrest and David Forrest with CB Richard Ellis|Oklahoma handled the transaction. Jackie Hatton with Oklahoma City Abstract and Title Company handled the closing. Read more | Preview
100 Main LLC, led by Steve Hurst, purchased the Century Center mall and
parking structure at 100 W. Main in Downtown OKC for $2 million. Built
in the mid-1970s, the 115,000-square-foot center was once a thriving
office and retail spot — and was even once home to an FAO Schwarz toy
store — but fell into decline after the oil bust in the mid-1980s. The
new owners plan to reposition the building as a retail destination and
office space. David Huffman with Wiggin Properties LLC represented the
seller, and Tim Strange and Zach Martin with Sperry Van Ness/William T.
Strange and Associates represented the buyer in the transaction. Andy
Burnett and Daniel Ojeda with SVN will handle leasing.
Read more | Preview
Oklahoma City Abstract & Title Company plans to move its Nichols Hills office to the former Harold’s space at 50 Penn Place. Amber Dixon, president of the company, says she was drawn to the vacant retail space because of its wood beams and paneling, marble floors and grand entrance.Read more | Preview
Major League Baseball’s Houston Astros extended its Player Development Contract with the Oklahoma City RedHawks for two more years, through the 2014 season. The 2013 season will be the third year of the current partnership.
As the Houston Colt .45s, and later the Astros, the team was the MLB affiliate for the Oklahoma City 89ers from 1962 to 1972. Since then, the Oklahoma City team has been the Triple-A franchise for the Cleveland Indians, the Philadelphia Phillies and the Texas Rangers. In 1998, the team was renamed the RedHawks, and began playing its home games at the Chickasaw Bricktown Ballpark.
“The Astros are in the middle of a new and exciting chapter in their franchise’s storied history, and we’re proud to be a part of it,” says RedHawks president and general manager Michael Byrnes.Read more | Preview
The owners of Horn Seed Company determined in August they would have to shut their doors after 91 years in business. The garden center, located at 1409 Northwest Expressway, closed due to two years of extreme temperatures and a fire in July that gutted part of the building and destroyed their entire Christmas inventory. Read more | Preview
Love’s Travel Stops & Country Stores opened
its first compressed natural gas fueling station in Oklahoma City – and
11th statewide – July 13 at the Love’s at 12225 N. Interstate 35. The
travel stop opened its first CNG station in 2011 in Kingfisher. The
project is a partnership between Love’s and Chesapeake Energy Corp.
Andy Billups leased 1,650 square feet of retail space in the Danforth Plaza Shopping Center, 2000 W. Danforth, Ste. 138, in Edmond. The space will house Punchfit USA, a fitness-training facility. Jim Rose and Carl Archiniaco with Grubb & Ellis | Levy Beffort represented the landlord in the transaction. Read more | Preview
Jeanette Padgett MD PC leased 2,094 square feet of space in Quailbrook Medical Center, 13901 McAuley, Ste. 301, to relocate her practice. Vicki Knotts with Grubb & Ellis | Levy Beffort represented the landlord, and Jim Snoddy with Snoddy Properties represented the tenant in the transaction. Read more | Preview
Children’s Consignment Sales leased 17,805 square feet of retail space in Market Plaza Shopping Center, 7001 Northwest Expressway in Oklahoma City, from American Asset Management Services Corp. Ryan Storer, Stuart Graham and Mark W. Inman with CB Richard Ellis|Oklahoma handled the lease transaction. Read more | Preview
Berry Energy Services leased 3,300 square feet in the Miller Jackson Building, 115 E. California in Bricktown. The building has frontage along the Bricktown Canal. Berry Energy services, a 7-year-old company, specializes in supplying frac sand for large oil and gas companies such a Schlumberger, Halliburton and Chesapeake Energy Corp. The company will move its administration offices and headquarters, currently located in Shawnee, to the Miller Jackson Building, and plans to open the office Sept. 1. Nick Berry, vice president, says he plans to expand with eight additional employees in the next 12 to 18 months. Operations for Berry Energy Services are based in Wisconsin. Rick Pritchett with Precor Ruffin handled the transaction. Read more | Preview