OKCBiz.com - Commercial Real Estate http://okc.biz/oklahoma/articles.sec-33-1-commercial-real-estate.html <![CDATA[Executive Homes - ]]> Dejean L. and Robert W. Dace purchased a 3,596-square-foot house in Nichols Hills at 2424 NW Grand Circle for $946,000. It was built in 2004.]]> <![CDATA[Commercial Real Estate - ]]> Parkway Tenants in Common purchased the 71,619-square-foot Parkway Building at 3401 NW 63rd St. for $6.4 million from Health Care Service Corporation. Brent Conway with CB Richard Ellis | Oklahoma handled the transaction. Guaranty Abstract Co. in Tulsa handled the closing.]]> <![CDATA[Commercial Real Estate - ]]> Love’s Travel Stops paid $6.45 million to Chesapeake Land Co. LLC for an office property at 3601 NW 63rd St. in Oklahoma City. The 54,976-square-foot office building was constructed in 1980. Ford Price with Price Edwards & Co. handled the transaction. American Eagle Title Group LLC handled the closing.]]> <![CDATA[Commercial Real Estate - ]]> Teamworks & Associates LLC purchased a 15,775-square-foot building and 2.033 acres at 805 E. Robinson, Norman, for $1.5 million from Greater Oklahoma Land Development Partnership. Judy J. Hatfield with Equity Commercial Realty LLC handled the transaction.]]> <![CDATA[Commercial Real Estate - ]]> DDDD LLC purchased the former Homeland grocery store at 2016 NW 39th St. for $1.2 million from Savage Realty LLC. Homeland has vacated the property, and the new owner plans to renovate the 33,000-square-foot building for other tenants. Gerald L. Gamble with Gerald L. Gamble Co. Inc. represented the seller and Jason Little with CB Richard Ellis | Oklahoma represented the buyer in the transaction. Old Republic Title Co. handled the closing.]]> <![CDATA[Commercial Real Estate - ]]> Pinnacle Group Realty LLC purchased 13,000 square feet of office space at 4516 and 4520 N.W. 36th for $1.36 million from Cobb Engineering Company. The space will partially be occupied by Pinnacle Consulting Management Group Inc. as the corporate headquarters as well as an investment property. Pinnacle provides professional quality right of way/land acquisition, relocation assistance and surveys. Nicole Mayes with NAI Sullivan Group represented the buyer and will assist them in finding tenants for the available space. Bert Belanger with Urban Works represented the seller. American Eagle Title Group handled the closing.]]> <![CDATA[Commercial Real Estate - ]]>
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<![CDATA[Commercial Real Estate - ]]> Derbyshire Holdings LLC purchased the 126-unit Southern Oaks Apartments at 3400 S.W. 44th for $2.64 million from Real Estate Holdings LLC. David Dirkschneider with Price Edwards & Co. handled the transaction. Capitol Abstract & Title handled the closing.]]> <![CDATA[Commercial Real Estate - ]]> MVP Investments LLC purchased a 12,267-square-foot building that houses a Chuck E. Cheese’s restaurant at 7505 S. Walker for $1.22 million from Oak Tree Capital LLC. It is in the Townesouth Center at S. Walker Avenue and Interstate 240. It was constructed in 2006 and sits on 1.36 acres. Paul Ravencraft and Phillip Mazaheri with Price Edwards & Co.’s retail investment team handled the transaction. American Eagle Title Group handled the closing.]]> <![CDATA[Commercial Real estate - ]]> David D. LeNorman purchased 4801 Gaillardia Parkway for $13.5 million from Farmers Group Inc. The 74,961-square-foot, three-story, class A office building was constructed in 2000. At the time of sale, the building was 98% occupied. LeNorman now owns four of the five office buildings in the office park. Zach Martin and Tim Strange with Sperry Van Ness / William T. Strange & Associates represented the seller, and Mark Beffort and Tre Dupuy with Grubb & Ellis Levy Beffort represented the buyer. American Eagle Title Group handled the closing.]]> <![CDATA[Commercial Real Estate - ]]> Mid-South Redevelopers LLC purchased a 195,702-square-foot office building at 315 N. Robinson for $16.3 million from GPT Properties Trust. It was built in 1992 and is leased to the Internal Revenue Service. American Eagle Title Group handled the closing.]]> <![CDATA[Commercial Real Estate - ]]>
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<![CDATA[Commercial Real Estate - ]]> 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.]]> <![CDATA[Commercial Real Estate - ]]> 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.]]> <![CDATA[Commercial Real Estate - ]]>
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<![CDATA[Commercial Real Estate - ]]> 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.]]> <![CDATA[Commercial Real Estate - ]]>
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<![CDATA[Commercial Real Estate - ]]> 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.
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