Price Edwards and Company Brokers $10.1M Shopping Center Sale

February 12th, 2024
Office, Retail, Industrial, Multifamily, Investment

• Penn Crossing Shopping Center has been purchased by a regional investment group for $10.1 million. Located at 2121 NW 23rd Street in Oklahoma City this 102,550 square foot retail shopping center sits on 7.88 acres and is home to retailers including Westlake Hardware, Citi Trends, Dollar Tree, Mazzio’s, Papa John’s, and more. The Price Edwards Retail Investment Team, represented by Paul Ravencraft and George Williams, CCIM, facilitated the sale.

• Warren Cat paid Sara Squared Matcap, LLC $8,150,000 for a 34,574 square foot (17.5 acres) industrial property at 220 N Sara Road in Oklahoma City. Warren Cat occupied the space as a tenant and purchased the property from the landlord. Danny Rivera and Andrew Holder handled the transaction.

• Oklahoma City Public Schools paid Wilshire Development, LLC $7,361,640 for 52 acres of land at NW Wilshire Blvd & Broadway Extension in Oklahoma City. The School system will use this land to construct a new application school, Belle Isle Enterprise High School.  Tre Dupuy and Ian Self represented the seller. 

• Ascent Resources, one of the largest privately held exploration and production companies in the United States, renewed 103,130 square feet and leased an additional 13,324 square feet of office space in Atrium Towers South at 3501 NW 63rd Street in Oklahoma City. The company is headquartered in Oklahoma City and has been since its founding in 2013.  Craig Tucker handled the transaction.

• Hackbarth Delivery Services, Inc., a regional transportation and logistics company headquartered in Mobile, Alabama, has made the strategic decision to establish a presence in the Tulsa market. The company has leased 11,616 square feet of industrial space at the Expressway Distribution Center, located at 3643 S 73rd East Avenue in Tulsa. Josh Love and Cody Beat handled the transaction.