PEC Announces Recent Transaction Highlights

November 11th, 2014
Investment, Office, Retail

Price Edwards & Company is pleased to announce the sale of Bunker Hill Shopping Center located in Altus, Oklahoma.

Bunker Hill Shopping Center consists of four separate properties. The Shopping Center consists of 63,000 square feet of national tenants such as Maurices, Stage, Sprint, GNC and Payless Shoes, which is 100% leased. The property also includes the former United Supermarket which is 45,600 square feet and a fully furnished free standing office building which was the Corporate Headquarters for the Supermarket consisting of 14,000 square feet. Bunker Hill has also secured a ground lease with 1st National Bank which has been at the location for over 35 years.. Phillip Mazaheri and Paul Ravencraft, Retail Investment Team Specialists with Price Edwards & Company, handled the transaction.

Price:  $3,725,000

Price / SF:  $30.38/sf

Land Size:  11.03 +/- acres

Buyer:  CSCO Partners, LLC

Seller:  Bunker Hill Co

Closing Date:  September 25th, 2014

American Energy Management Leases Space in Atrium Towers

American Energy Management Services, LLC leased 79,436 square feet of office space in Atrium Towers - South at 3501 N.W. 63rd Street, Oklahoma City.  The company’s lease encompasses the entire south tower of the project.   AEP then leased an additional 63,799 square feet of office space in Atrium Towers - North at 3503 NW 63rd Street, Oklahoma City.  AEP was formed in 2013 and is experiencing rapid growth.  The company now leases the entire south tower and this latest lease covers five full floors in the north tower of the project.  Craig Tucker handled both transactions with American Energy for the landlord, Atrium, LLC.

BKD Leases Space in Downtown Oklahoma City

 BKD, LLP, one of America’ s largest accounting and advisory firms has leased 17,554 square feet at Leadership Square in downtown Oklahoma City.  Founded in 1922, the firm currently has 34 offices in 15 different states in the heart of the country.  BKD was represented by Craig Tucker with Price Edwards, in cooperation with Corporate Realty Advisors.