Monday, December 29, 2008
3.112 Acres Sold at MacArthur Crossing
BEKM has purchased 3.112 acres located at the southeast corner of MacArthur and Memorial Road from MacArthur Crossing Investors, L.P. for $1,124,239. The land will be developed as a hotel site. Irmon Gray and Robin O’Grady with NAI Sullivan Group handled the transaction. Closing was held at Capitol Abstract and Title Company by Carla Curts.
20,834 SF Leased at 2705 E. 21st Street-Tulsa
Trak-1 Technology, Inc. has leased a property located at 2705 East 21st Street in Tulsa consisting of 20,834 square feet from 7127 South Riverside, L.L.C. This space will be utilized as a general office for Premier Staffing and Trak-1 Technology. Susan Davis Jordan, CCIM with NAI Sullivan Group handled the transaction.
1 Acre Leased in the Smith Farms Shopping Center-Owasso
Star Chasers, Inc. has leased an acre of land located in the Smith Farms Shopping Center in Owasso, Oklahoma for a Carl’s Jr. site from SF Shops Investors, L.P. Robin O’Grady with NAI Sullivan Group and Bob Thorpe with Wild Card Commercial handled the transaction.
Monday, December 22, 2008
1,280 SF Leased at Classen Plaza Shops
Bay Bui has leased a property located at 3507 North Classen in the Classen Plaza Shops consisting of 1,280 square feet from NGS Properties, L.L.C. This space will be utilized for salon equipment sales and services. Lee Bollinger, CCIM with NAI Sullivan Group handled the transaction.
Peoplelink Staffing Solutions, L.L.C. has leased a property located at 7500 North Broadway consisting of 2,500 square feet from Concept Ventures, L.L.C. This space will be utilized as a staffing office. Susan Davis Jordan, CCIM with NAI Sullivan Group handled the transaction.
Sell of 7709 South Pennsylvania
Martinez Properties, L.L.C. has purchased a property located at 7709 South Pennsylvania consisting of 2,240 square feet from Jeri L. Ellis for $148,878.88. The facility will be utilized as a doctor’s office. Sean O’Grady with NAI Sullivan Group handled the transaction. Closing was held at Stewart Title by Margaret Harkey.
Thursday, December 18, 2008
1,044 SF Leased at 2525 N.W. Expressway
PCS, L.L.C. has leased a property located at 2525 Northwest Expressway, Suite 108 consisting of 1,044 square feet from R. Gupta, Sole Proprietor. This office will be utilized as a regional head quarters. David Hartnack with NAI Sullivan Group handled the transaction.
377 SF Leased at 2525 N.W. Expressway
Advance Therapy Associates, L.L.C. has leased a property located at 2525 Northwest Expressway, Suites 624 A & B consisting of 377 square feet from R. Gupta, Sole Proprietor. This office will be utilized as a counseling office. David Hartnack with NAI Sullivan Group handled the transaction.
Wednesday, December 17, 2008
Sell of Hillcrest Medical Building
DMG2, L.L.C. and PTO Investments, L.L.C. has purchased a property located at 2149 Southwest 59th Street consisting of 25,345 square feet from Medical Center Partnership for $1,950,000. The facility will be utilized as a medical office building. Susan Davis Jordan, CCIM with NAI Sullivan Group handled the transaction. Closing was held at Capital Abstract and Title Company by Janie Cotton.
Monday, December 15, 2008
PRICE REDUCED! 1951 Church Avenue
PRICE REDUCED!
1951 Church Avenue
Harrah, OK
Retail Building For Sale
Contact Darryl Meason For More Information
Thursday, December 11, 2008
PRICE REDUCED! 13925 Quail Pointe Drive
PRICE REDUCED!
Daycare Business & Facility For Sale
13925 Quail Pointe Drive
Oklahoma City, OK
Contact Brad Baker For More Information
1,200 SF Leased at Red Rock Shopping Center
Russell Cellular has leased a property located at Red Rock Shopping Center located at 1300 West Vandament, Suite 2701 in Yukon, Oklahoma, consisting of 1,200 square feet from Sullivan Jackson General Partnership. This business is Alltell and will be utilized as a mobile phone accessory store. Robin O’Grady with NAI Sullivan Group and Ryan Storer with CB Richard Ellis handled the transaction.
Tuesday, December 9, 2008
3,650 SF Leased at 201 N.W. 142nd Street
Southwestern Construction Company has leased a property located at 201 Northwest 142nd Street, Suite B consisting of 3,650 square feet from JTK Properties, L.L.C. This space will be utilized as a construction facility. Monica Turner with NAI Sullivan Group handled the transaction.
Monday, December 8, 2008
NEW LISTING! 624 Centennial Boulevard
NEW LISTING!
624 Centennial Boulevard
Edmond, OK
Industrial Building For Sale or Lease
Contact Sean O'Grady For More Information
NEW LISTING! 1009 S.W. 5th Street
NEW LISTING!
1009 S.W. 5th Street
Oklahoma City, OK
Industrial Building For Sale
Contact Brad Baker For More Information
NEW LISTING! 101 S.E. 26th Street
NEW LISTING!
101 S.E. 26th Street
Oklahoma City, OK
Office Building For Sale or Lease
Contact James Durocher For More Information
NEW LISTING! 2398 N. Broadway
NEW LISTING!
2398 N. Broadway
Moore, OK
0.71 Acres of Commercial Land For Sale
Contact Brad Baker For More Information
Friday, December 5, 2008
NEW LISTING! 4045 N.W. 64th Street, Suite 250
NEW LISTING!
Office Space For Sub-Lease at Lakepointe West
4045 N.W. 64th Street, Suite 250
Oklahoma City, OK
Contact Susan Davis Jordan, CCIM For More Information
Wednesday, December 3, 2008
325 Scott Street Leased
Patrick Hoey has leased a property located at 325 Scott Street in Del City consisting of 6,000 square feet from Chris Ode. Jetmark Aircraft Interiors will utilize the facility. Bob Sullivan, CCIM with NAI Sullivan Group handled the transaction.
PRICE REDUCED! 800 N. Eastern
PRICE REDUCED!
Carwash For Sale
800 N. Eastern
Moore, OK
Click Here For Flyer
Contact Monica Turner For More Information
Carwash For Sale
800 N. Eastern
Moore, OK
Click Here For Flyer
Contact Monica Turner For More Information
At The Beach, Inc. has leased a property located at 1300 West Vandament, Suites 2801 and 2901 consisting of 2,600 square feet from Sullivan and Jackson General Partnership. At The Beach opened for business on November 15th and the space will be utilized as a tanning salon and sunless tanning. Robin O’Grady with NAI Sullivan Group handled the transaction.
Lease Renewed at 3509 N. Classen
ACS Computer Store has renewed their lease at 3509 North Classen. ACS Computer does sales and service on computers and computer accessories and has been in this location in excess of 10 years. Lee Bollinger, CCIM with NAI Sullivan Group handled the transaction.
Sell of S.W. 74th & Sunnylane
Averitt Express has purchased a parcel of land located at Southwest 74th and Sunnylane consisting of 3.46 acres from Natalie Cohen and Judith Ungerman for $162,500. The land will be utilized as a trucking company. Bob Sullivan, CCIM with NAI Sullivan Group handled the transaction. Closing was held at First American Title and Trust Company by Betty Cummins.
Sell of N.E. 4th & Vickie
Sherwood Construction Company, Catoosa, OK has purchased a property located at Northeast 4th and Vickie consisting of 29 acres from Baker, Dixon, McCord for $387,829. The land will be utilized as a construction company. Irmon Gray with NAI Sullivan Group handled the transaction. Closing was held at Oklahoma City Abstract in Edmond by Carol Richardson.
Monday, December 1, 2008
PRICE REDUCED! 10600 U.S. Highway 77
Wednesday, November 26, 2008
Sean O'Grady featured Square Feet Magazine
"2009 will be a moment of opportunity, but we are all going to harder in this business to find those opportunities and create new ideas. But for many people, I feel this is that they've been waiting for."
Sean O'Grady-NAI Sullivan Group
From November 2008 Square Feet Magazine-OKC Roundtable
Click Here For Full Article
Sean O'Grady-NAI Sullivan Group
From November 2008 Square Feet Magazine-OKC Roundtable
Click Here For Full Article
NEW LISTING! 5421 S.W. 29th Street
NEW LISTING!
5421 S.W. 29th Street
Oklahoma City, OK
Investment Property For Sale
Contact Sean O'Grady For More Information
NEW LISTING! 1824 S. Midwest Boulevard
NEW LISTING!
1824 S. Midwest Boulevard
Midwest City, OK
Former Vet Clinic For Sale or Lease
Contact Bob Sullivan, CCIM For More Information
Monday, November 24, 2008
NEW LISTING! The Shops at Tahlequah
NEW LISTING!
1741 S. Muskogee Street
Tahlequah, OK
Now Leasing The Shops at Tahlequah
Contact Brandy Tice or Robin O'Grady For More Information
NEW LISTING! Tahlquah Crossing
NEW LISTING!Tahlequah Crossing
1909 & 1941 S. Muskogee Street
Tahlequah, OK
Now Leasing Space from 1,600 SF-15,288 SF
Contact Brandy Tice or Robin O'Grady For More Information
Collected Wisdom: Sean O'Grady
Sean O'Grady featured in the Oklahoman (11-23-08)
One name that is synonymous with Oklahoma and boxing is Sean O’Grady. It’s been 27 years sincehe won the WBA lightweight title, but his name is still fresh. O’Grady was recently named the best boxer ever from Oklahoma on ESPN.com.
To View Full Article
One name that is synonymous with Oklahoma and boxing is Sean O’Grady. It’s been 27 years sincehe won the WBA lightweight title, but his name is still fresh. O’Grady was recently named the best boxer ever from Oklahoma on ESPN.com.
To View Full Article
Thursday, November 20, 2008
PRICE REDUCED! 3200 S.W. 59th Street
PRICE REDUCED!
3200 S.W. 59th Street
Oklahoma City, OK
1.98 Acres MOL of Industrial Land For Sale
Contact Darryl Meason For More Information
Tuesday, November 18, 2008
NEW LISTING! 3625 N.W. Expressway
NEW LISTING!
3625 N.W. Expressway
Oklahoma City, OK
Retail Building For Lease on Heavily Traveled N.W. Expressway
NEW LISTING! Uptown Shopping Center
NEW LISTING!
Uptown Shopping Center
7501-7515 S.E. 15th Street
Midwest City, OK
Now Leasing
Contact Brandy Tice or Robin O'Grady For More Information
Monday, November 17, 2008
NEW LISTING! 1521 S. Walker
NEW LISTING!
1521 S. Walker
Oklahoma City, OK
0.15 Acres For Sale in the "Core to Shore" Area
Contact Darryl Meason For More Information
Friday, November 14, 2008
NEW LISTING! 1 S.E. 4th Street
NEW LISTING!
1 S.E. 4th Street
Oklahoma City, OK
5.9 Acres MOL For Sale in the "Core to Shore" Area
Contact Irmon Gray For More Information
NEW LISTING! 5850 W. Wilshire Blvd.
NEW LISTING!
5850 W. Wilshire Blvd.
Oklahoma City, OK
General & Medical Office Space For Lease
Contact Susan Davis Jordan, CCIM For More Information
Thursday, November 13, 2008
NEW LISTING! N.W. Corner of N.W. 36th Street & Tulsa
NEW LISTING!
N.W. Corner of N.W. 36th Street & Tulsa
Oklahoma City, OK
2.5 Acres MOL For Sale
Contact Monica Turner For More Information
Wednesday, November 12, 2008
NEW LISTING! 2735 S. I-35 Service Road
NEW LISTING!
2735 S. I-35 Service Road
Moore, OK
Retail Space For Sub-Lease in the Riverwalk Center
Contact Monica Turner For More Information
Tuesday, November 11, 2008
NEW LISTING! 325 J.R. Drive
NEW LISTING!
325 J.R. Drive
Conway, AR
3.3 Acres For Build To Suit Industrial Buildings
Contact Sean O'Grady For More Information
NEW LISTING! 201 N.W. 142nd Street, Suite B
NEW LISTING!
201 N.W. 142nd Street, Suite B
Edmond, OK
Industrial Warehouse For Lease
Contact Monica Turner For More Information
Monday, November 10, 2008
Sell of 8101 S. Walker, Suite F
John R. Colbert has purchased a property located at 8101 South Walker, Suite F consisting of 1,465 square feet from Robert J. Clemons for $205,000. The facility will be utilized as a law office. Sean O’Grady with NAI Sullivan Group handled the transaction. Closing was held at American Guaranty Title Company by Barbara Chatman.
Sell of 931 N. Portland
Gary Brown has purchased a property located at 931 North Portland consisting of 2,574 square feet from Robert Dean for $186,000. The facility will be utilized as G.T. Mechanical, Inc., a commercial grade plumbing, heating and air conditioning company. Brad Baker with NAI Sullivan Group handled the transaction. Closing was held at First American Title by Loretta Lane.
Wednesday, November 5, 2008
PRICE REDUCED! Higway 76 & Highway 19
PRICE REDUCED!
Highway 76 & Highway 19
Lindsay, OK
6 Acres MOL with Buildings For Sale
Contact Irmon Gray For More Information
Tuesday, November 4, 2008
PRICE REDUCED! 9117 S. Walker
PRICE REDUCED!
9117 S. Walker
Oklahoma City, OK
2.3 Acres MOL of Commercial Land For Sale
Monday, November 3, 2008
PRICE REDUCED! 304 S. Sooner Road
PRICE REDUCED!
304 S. Sooner Road
Oklahoma City, OK
Industrial Warehouse For Sale
Friday, October 31, 2008
PRICE REDUCED! Residential Investment Properties
PRICE REDUCED!
Residential Investment Properties For Sale
2215 N. Broadway, 100 N.W. 22nd & 108 N.W. 22nd
Oklahoma City, OK
Contact Irmon Gray For More Information
Thursday, October 30, 2008
NEW LISTING! 2632 W. I-44 Service Road
NEW LISTING!
2632 W. I-44 Service Road
Oklahoma City, OK
Office Building For Lease
Contact Irmon Gray For More Information
NEW LISTING! University Town Center-Area 2B
NEW LISTING!
University Town Center-Area 2B
I-35 & Robinson Street
Norman, OK
Contact Brandy Tice For More Information
NEW LISTING! University Town Center-Area 2A
NEW LISTING!
University Town Center-Area 2A
I-35 & Robinson Street
Norman, OK
Contact Brandy Tice For More Information
Wednesday, October 29, 2008
NEW LISTING! University Town Center-Area 1B
NEW LISTING!
University Town Center-Area 1B
I-35 & Robinson Street
Norman, OK
Only 5 Spaces Left!
Contact Brandy Tice For More Information
NEW LISTING! The Bridges at Spring Creek
NEW LISTING!
The Bridges at Spring Creek
E. 15th Street & Bryant Avenue
Edmond, OK
Now Pre-Leasing
PRICE REDUCED! 1118 S. Eastern Avenue
PRICE REDUCED!
1118 S. Eastern
Oklahoma City, OK
2.96 Acres MOL of Industrial Land For Sale
Contact Robin O'Grady For More Information
Monday, October 27, 2008
1,150 SF Leased at 3500 S. Boulevard
Lobar Oil, Co. has leased a property located at 3500 South Boulevard, Suite D-4 consisting of 1,150 square feet. Minor modifications to the office suite are planned and Lobar Oil anticipates moving to this location around November 1, 2008. Lee Bollinger, CCIM with NAI Sullivan Group and Bryan Stinson with Oxford Management Corporation handled the transaction.
NEW LISTING! 1711 N. Rockwell
NEW LISTING!
1711 N. Rockwell
Bethany, OK
Retail Building For Sale
Contact Darryl Meason For More Information
Tuesday, October 21, 2008
NEW LISTING! 13925 Quail Pointe Drive
NEW LISTING!
13925 Quail Pointe Drive
Oklahoma City, OK
Daycare Business & Facility For Sale
Contact Brad Baker For More Information
Monday, October 20, 2008
NEW LISTING! 1310 E. Highway 152
NEW LISTING!
1310 E. Highway 152
Mustang, OK
7.2 Acres of Industrial Land For Sale
Contact Bob Sullivan, CCIM For More Information
NEW LISTING! 210 Park Avenue, Suite 3000
NEW LISTING!
210 Park Avenue, Suite 3000
Oklahoma City, OK
Office Space For Sub-Lease in the Oklahoma Tower
Contact Lee Bollinger, CCIM For More Information
Friday, October 17, 2008
PRICE REDUCED! 325 Scott Street
PRICE REDUCED!
325 Scott Street
Del City, OK
Industrial Warehouse For Sale or Lease
Contact Bob Sullivan, CCIM For More Information
Tuesday, October 14, 2008
2,625 SF Leased at Kelly Centre
Executive Assets, Inc. has leased 2,625 square feet in Kelly Centre located at 610 South Kelly, Suite S. This business is Realty Executive of Edmond and the space will be utilized as a real estate office. Lee Bollinger, CCIM with NAI Sullivan Group and Paul Dobson with Realty Executives of Edmond handled the transaction.
Monday, October 13, 2008
NEW LISTING! 11801 S.W. 15th Street
NEW LISTING!
11801 S.W. 15th Street
Yukon, OK
5 Acres MOL of Mini Storage Land For Sale
Contact Bob Sullivan, CCIM For More Information
NEW LISTING! 5115 S.W. 36th Street
NEW LISTING!
5115 S.W. 36th Street
Oklahoma City, OK
Industrial Space For Lease
Contact Darryl Meason For More Information
Thursday, October 9, 2008
Global Spotlight Oklahoma City
Pro-Business Climate, Diverse Economy Give Strength to Oklahoma City Property Market
Forbes Magazine recently ranked Oklahoma City as the most recession proof city in the nation, thanks to soaring energy, manufacturing, agricultural and housing industries. It is the hope of businesses across the city that this news will entice property buyers to invest in Oklahoma City.
A five-year economic forecast prepared for Oklahoma City indicated that the per capita income is 107% of the national average and the cost of living is only 93% of the national average. These factors, along with pro-business city leaders, make Oklahoma City a business friendly city.
The retail market in Oklahoma City has been strong during the past 12 months. The arrival of the new NBA franchise, the Oklahoma City Thunder, will bring more high income residents to the city, which will help drive demand for the more upscale retail currently lacking in Oklahoma City. Oil and gas corporations are fueling the market and keeping vacancy to a low 5% for Class A office space.
Office rental rates continue to rise. The demand for Class A space will be driven by the energy, finance and medical sectors. However, proposed new construction of approximately 1 million square feet of office space along the Memorial and Broadway Extension corridor will impact absorption.
Industrial property is in strong demand with a declining vacancy rate of 9% leaving limited availability in the market. Active speculative development for two buildings totaling over 450,000 square feet has been announced. There has been no significant speculative development in six years.
From NAI Global (10-9-08)
Wednesday, October 8, 2008
Bricktown sees fortunes on the rise with arrival of new businesses
If everyone in Oklahoma City opened a fortune cookie 15 years ago, accurate fortunes might have read something like, “Don’t relocate, good things are on the way.”
Considered a city in decline 20 years ago, Oklahoma City has recently experienced an incredible renaissance that has most metropolitan areas taking notes. Everyone should give their neighbor a high-five for the growth and attention this city is getting. Not only is Oklahoma City becoming a city where people want to live, and equally important, it’s where businesses want to be.
One of the areas most on the rise is Bricktown. Fifteen years ago, one could turn Sheridan into a golf driving range and nobody would complain. Today, not only are people walking the streets as if they live there (which they now do) but businesses are packed with locals and out-of-town guests. Just ask James Durocher.
“This is a great piece of property, a unique piece of real estate in Bricktown. The land is situated at I-235 and I-44," Durocher said recently.
A real estate broker with NAI Sullivan Group, Durocher closed on a property sold to SKH, L.L.C. for a brand new hotel to anchor the east side of Bricktown. The three-acre lot (now vacant) will be built into a seven-story, 125-room hotel near the crossing of I-44 and I-235. That’s not all.
Brad Baker, also of NAI Sullivan Group, closed on a property located in the Miller Jackson Building off the Bricktown Canal, which in March 2009 will be the new home of the Coyote Ugly Saloon, a national chain made famous in 2000’s hit film, “Coyote Ugly.” Oh yes, almost forgot, OKC can also call itself home to the newest member of the National Basketball Association. The OKC Thunder, I like the sound of that. I’m either anxious… or afraid to open another fortune cookie. What’s next? A city-wide diet?
Wednesday, 08 October 2008
By Patrick B. McGuigan-Sentinel Managing Editor
Click For Full Article
Considered a city in decline 20 years ago, Oklahoma City has recently experienced an incredible renaissance that has most metropolitan areas taking notes. Everyone should give their neighbor a high-five for the growth and attention this city is getting. Not only is Oklahoma City becoming a city where people want to live, and equally important, it’s where businesses want to be.
One of the areas most on the rise is Bricktown. Fifteen years ago, one could turn Sheridan into a golf driving range and nobody would complain. Today, not only are people walking the streets as if they live there (which they now do) but businesses are packed with locals and out-of-town guests. Just ask James Durocher.
“This is a great piece of property, a unique piece of real estate in Bricktown. The land is situated at I-235 and I-44," Durocher said recently.
A real estate broker with NAI Sullivan Group, Durocher closed on a property sold to SKH, L.L.C. for a brand new hotel to anchor the east side of Bricktown. The three-acre lot (now vacant) will be built into a seven-story, 125-room hotel near the crossing of I-44 and I-235. That’s not all.
Brad Baker, also of NAI Sullivan Group, closed on a property located in the Miller Jackson Building off the Bricktown Canal, which in March 2009 will be the new home of the Coyote Ugly Saloon, a national chain made famous in 2000’s hit film, “Coyote Ugly.” Oh yes, almost forgot, OKC can also call itself home to the newest member of the National Basketball Association. The OKC Thunder, I like the sound of that. I’m either anxious… or afraid to open another fortune cookie. What’s next? A city-wide diet?
Wednesday, 08 October 2008
By Patrick B. McGuigan-Sentinel Managing Editor
Click For Full Article
Coyote Ugly headed for OKC's Bricktown
The Coyote Ugly Saloon, a chain featuring dancing female bartenders, is planned for Oklahoma City's Bricktown entertainment district.
Brad Baker of NAI Sullivan Group, a commercial real estate company, helped the business find a spot for its first Oklahoma locations. The saloon is expected to open in six months in the Miller Jackson building.
He said the Oklahoma City Thunder NBA franchise helped sway the company decide to open a bar in this area.
Coyote Ugly Saloon was started in New York City in 1993 by Liliana Lovell. The bar spawned a motion picture in 2000 and a reality television show on Country Music Television. The company has 13 saloons around the country.
Baker said the space lent itself to the saloon's specifications, which include high ceilings to give the sometimes scantily clad bartenders room to dance on the bar.
Click For Full Article
From Tulsa World (10-8-08)
Brad Baker of NAI Sullivan Group, a commercial real estate company, helped the business find a spot for its first Oklahoma locations. The saloon is expected to open in six months in the Miller Jackson building.
He said the Oklahoma City Thunder NBA franchise helped sway the company decide to open a bar in this area.
Coyote Ugly Saloon was started in New York City in 1993 by Liliana Lovell. The bar spawned a motion picture in 2000 and a reality television show on Country Music Television. The company has 13 saloons around the country.
Baker said the space lent itself to the saloon's specifications, which include high ceilings to give the sometimes scantily clad bartenders room to dance on the bar.
Click For Full Article
From Tulsa World (10-8-08)
Coyote Ugly headed for Bricktown
The Coyote Ugly Saloon is expected to open in the next six months, and is known for its curvy and often scantily clad female bartenders dancing to country music on bar tops. The saloon will fill 4,300 square feet in the 26,900-square-foot Miller Jackson building, at 115 E. California, which has been owned by the same family for decades. Brad Baker, with NAI Sullivan Group, helped Coyote Ugly find a spot for its first Oklahoma saloon. Baker said one factor helped sway the company to seriously consider Oklahoma City. “They were somewhat interested in this market, ” he said. “I think once the NBA was more in line it definitely swayed them.”
From Journal Record (10-8-08)
Tuesday, October 7, 2008
Sell of 1210 W. Britton Road
Warrior Holdings, L.L.C. has purchased a property located at 1210 West Britton Road consisting of 4,497 square feet from Joe and Joyce Jones for $60,000. The facility will be utilized as an investment property. Sean O’Grady with NAI Sullivan Group handled the transaction.
Monday, October 6, 2008
Oklahoma real estate experts comment on local market
Clip from Oklahoma real estate experts comment on local market
OKC Business Article (9-29-08)
“The older parts are going to hurt, which means brokers are going to have to come up with creative new uses for those properties,” said James Durocher, retail broker for NAI Sullivan Group. “Town Center Plaza brought the right tenant mix for that demographic, and Sooner (Investments) did a good job building an attractive center. And, it’s not just Midwest City it’s pulling from, it’s everything east of that area, as well.”
According to Durocher, Del City has been experiencing some of the same problems with the area near 15th Street and Sooner Road, where a Wal-Mart Supercenter has been built, and just west of the area.
“Del City would really be hurting if they had not gotten that Wal-Mart Supercenter,” he said.
“That’s been a huge shot in the arm, whatever development that may happen for that area is going to be a major boost.”
To Del City’s south, along the I-40 corridor, new hotel and restaurant developments have broken ground.
“It will be a different type of retail mix than what you see in Midwest City,” Durocher said.
“You’ll be able to have it all in that area.”
He also said the mom-and-pop retailers in the older areas will need to find their niche. The good news, he said, is most of those retailers are located in older centers that are paid for.
Click To View Full Article
OKC Business Article (9-29-08)
“The older parts are going to hurt, which means brokers are going to have to come up with creative new uses for those properties,” said James Durocher, retail broker for NAI Sullivan Group. “Town Center Plaza brought the right tenant mix for that demographic, and Sooner (Investments) did a good job building an attractive center. And, it’s not just Midwest City it’s pulling from, it’s everything east of that area, as well.”
According to Durocher, Del City has been experiencing some of the same problems with the area near 15th Street and Sooner Road, where a Wal-Mart Supercenter has been built, and just west of the area.
“Del City would really be hurting if they had not gotten that Wal-Mart Supercenter,” he said.
“That’s been a huge shot in the arm, whatever development that may happen for that area is going to be a major boost.”
To Del City’s south, along the I-40 corridor, new hotel and restaurant developments have broken ground.
“It will be a different type of retail mix than what you see in Midwest City,” Durocher said.
“You’ll be able to have it all in that area.”
He also said the mom-and-pop retailers in the older areas will need to find their niche. The good news, he said, is most of those retailers are located in older centers that are paid for.
Click To View Full Article
Friday, October 3, 2008
Sell of 3701 S. May Avenue
Boom Enterprises, L.L.C. has acquired a Sinclair gas station located at 3701 South May Avenue consisting of 1,247 square feet for $275,000. The owner plans to remodel the gas station and convert the garage into a convenience store. He will continue to operate under the Sinclair name. The sale also included less than one acre of land according to James Durocher with NAI Sullivan Group who handled the transaction. Durocher noted that the building had been a convenience store in earlier years and applauded the new buyer for his creative financing and use of the property.
Thursday, October 2, 2008
NEW LISTING! 5501 S. Council Road
NEW LISTING!
5501 S. Council Road
Oklahoma City, OK
15.06 Acres MOL For Sale-Great Location Near Airport!
NEW LISTING! 109 N.W. 142nd Street
NEW LISTING!
109 N.W. 142nd Street
Edmond, OK
Pre-Leasing Industrial Space
Contact Monica Turner For More Information
4,150 SF Leased at 510 E. Memorial Road
Behfar Jahanshahi has leased a property located at 510 East Memorial Road, Suite A3 & A4 consisting of 4,150 square feet from GEC Properties, L.L.C. This business is Interworks, Inc. and will be utilized as a contracting office. Brad Baker with NAI Sullivan Group handled the transaction.
NOW PRE-LEASING! 4040 S. I-35 Service Road
NOW PRE-LEASING!
4040 S. I-35 Service Road
Oklahoma City, OK
Industrial/Office Warehouse Buildings For Lease
Contact Susan Davis Jordan, CCIM For More Information
Wednesday, October 1, 2008
Sell of 8402 N. I-35 Service Road
Mahan A. 8402, L.L.C. has purchased a property located at 8402 North I-35 Service Road consisting of 9 acres from Clement Trust for $499,591. The facility will be utilized as a retail site. Irmon Gray with NAI Sullivan Group represented the seller and Sue McNair with Churchill Brown represented the buyer. Closing was held at American Guaranty Title Company by Barbara Chatman.
NEW LISTING! West of S.W. 80th Street & Walker
NEW LISTING!
West of S.W. 80th Street & Walker
Oklahoma City, OK
1.71 Acres MOL For Sale
CLICK HERE TO VIEW PROPERTY FLYER
Contact Sean O'Grady For More Information
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