0.23 acres sold in Stillwater

JMG II, L.P. has purchased a 0.23 acre tract of land from William and Mildred Farrar for $240,000.  This is a sales price of about $24.00 per square foot for this key piece of real estate within walking distance of the Oklahoma State University stadium.  JMG II, L.P. will combine this parcel with the two adjacent pieces to lease to a retail user.  David Hartnack and Sam Swanson with NAI Sullivan Group handled the transaction.