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October 26th, 2011 - OKCBiz Staff

Commercial real estate



 

Oklahoma County

Raptor Properties LLC purchased the more than 760,000-square-foot Crossroads Mall at the intersection of Interstate 35 and Interstate 240 in south Oklahoma City for $3.5 million from Maiden Lane LLC, an entity set up by the federal government after the property fell into foreclosure and was swept up in the national mortgage crisis. The Raptor group is led by local owners Mike Dillard and Roddy Bates. Paul Ravencraft with Price Edwards & Co. handled the transaction.

6350 West Reno LLC purchased a 14,256-square-foot retail store at 6400 W. Reno Ave. for $1.9 million from ZI #1 LLC and Donald C. Renbarger. It was built in 2006. The closing was handled by American Eagle Title Group LLC.

No. 3 Arbors Apartments LLC purchased the Arbors at MacArthur apartments, 1601 N. MacArthur Blvd., for $1.75 million from Arbor Associates LLC. The 80,690-squarefoot apartment community was built in 1972. The apartments previously sold in 2004 for $2.2 million. Pilar Beare with First American Title & Trust Co. handled the closing.

Naifco Realty Co. LLC purchased a 24,950-square-foot industrial property at 308 Hudiburg Circle for $1.39 million from S&C Development LLC. It was built in 2001. A long-term lease was executed by Pool Corp., which currently occupies the building. Gerald L. Gamble of Gerald L. Gamble Co. handled the transaction. Pilar Beare with First American Title & Trust Co. handled the closing.

WWW Real Estate LLC purchased a 55,000-square-foot manufacturing and warehouse facility at 4000 S.W. 113th St. for $1.377 million from Cherokee Holdings Properties LLC. World Water Works is an affiliate of the buyer and will occupy the building. Gerald L. Gamble, with Gerald L. Gamble Co., represented the seller, and Brett Price, with Sperry Van Ness/William T. Strange and Assoc., represented the buyer. First American Title & Trust Co. handled the closing.

Brandon Place LLC purchased 12.7 acres of commercial vacant land south of W. Memorial Road and between N. Rockwell Avenue and Brandon Place for $1.34 million from Memorial Development Co. LLC. Capitol Abstract & Title Co. handled the closing.

right, Chesapeake Land Development Co. LLC paid $29 million to Big Central Park I & II for twin office buildings at 515 and 525 Central Park Drive. Ford Price and Craig Tucker with Price Edwards & Co. handled the transaction. American Eagle Title Co. handled the closing. –Kelley Chambers

Liberty Pointe LLC purchased an 18.5-acre site for construction of a new apartment complex at the northwest corner of Interstate 240 and S. Air Deport Blvd. for $1.225 million from W. Rogers Abbott II. Richard Tanenbaum is manager of Liberty Pointe LLC and plans to construct a 312-unit apartment complex on the site. Gerald L. Gamble, with Gerald L. Gamble Co., handled the transaction. Pilar Beare with First American Title & Trust Co. handled the closing.

Frontline Church purchased a church building in MidTown at 135 N.W. 10th St. for $1.2 million from City Church Inc. The 33,602-square-foot church was constructed in 1900. Frontline, currently at N.W. Sixth Street and Broadway Avenue, plans to move into the building by December. Rick Pritchett with Precor Ruffin handled the transaction.

TGFO LLC purchased the former Ultimate Electronics building and an acre of commercial vacant land at 515 W. Interstate 240 Service Road for $1.07 million from Paul and Mary Odom. Trustmark Title handled the closing.

Hartwig Investments LLC purchased 10.5 acres of land for development at 300 N.W. 59th St. for $750,000 from Dean Development Partners. American Eagle Title Group LLC handled the closing.

Jack in the Box Eastern Division LP purchased a former service garage and car wash at 7100 S. May Ave. for $620,000 from Rishi Investment LLC. The two existing buildings were constructed in 1984. The property is at the northeast corner of S. May Avenue and Interstate 240. Marcia Chappelear with First American Title & Trust Co. handled the closing.

Patricia S. Ahadizadeh and Emily Ahadizadeh purchased a 3,960 square foot building on 0.3629 acres at 3429 N.W. 23rd St. for $355,000 from Mid Property Holdings, LLC. Stuart Graham and Mark W. Inman, with CB Richard Ellis|Oklahoma, handled the transaction.

Phen and Katie Ma purchased the 11,098-square-foot Pennsylvania Station multifamily units at 2114 N.W. 39th St. for $200,000 from Frank Dibble. It was built in 1949. Jerry Hocker with Coldwell Banker Commercial Hocker and Associates and Haley Mauldin from the Grant Group handled the transaction.

Severo Guzman-Sanchez and Sergio Enciso-Sanchez purchased the land under an 1,100-square-foot building at 1212 S.W. 59th St. that houses a Sonic, America’s Drive-In for $135,000 from SRI Real Estate Properties LLC. Karleen Krywucki and Everest Ernst, with Price Edwards & Co., handled the transaction.

Canadian COUNTY

Lance Doyle PC purchased a 6,500-square-foot freestanding building in the Chisholm Shopping Center, 1050 W. Vandament in Yukon, for $700,000 from American Asset Management Services. Ryan Storer, Stuart Graham and Mark W. Inman, with CB Richard Ellis|Oklahoma, handled the transaction.

CLEVELAND COUNTY

Paul Foster Law Offices PC purchased 2,560 square feet of office space at 2150-2160 McKown in Norman for $344,000 from Skyland Construction Inc. Eric Fleske and Gayla Artman, with Equity Commercial Realty LLC, handled the transaction. First American Title Co. handled the closing.

Bauman Properties LLC purchased a 2,088-square-foot office building at 2330 McKown in Norman for $270,000 from Standridge Endeavors LLC. Eric Fleske and Gayla Artman, with Equity Commercial Realty LLC, handled the transaction. Cleveland County Abstract handled the closing.

Triple K. Properties LLC purchased a property at 2840 S. Classen in Norman for $242,000 from CT Investments. Gayla Artman, with Equity Commercial Realty LLC, handled the transaction. Cleveland County Abstract handled the closing.

KSK Enterprises LLC purchased a property at 521 E. Robinson in Norman for $125,000 from Young Family Revocable Trust. Gayla Artman, with Equity Commercial Realty LLC, was the selling associate, and Amy Slovacek, with Dillard Group, was the listing associate.

Photo by Shannon Cornman

 
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