8/14/2007

Phillips Edison purchases Oklahoma City shopping center for $10.25 million

by
Raptor Properties sold the Southern Hills Plaza shopping center in Oklahoma City for $10.25 million to Phillips Edison & Co.

Phillips Edison & Company is a fully-integrated retail real estate company with a portfolio of more than 24 million square feet of neighborhood shopping centers across the country.

Michael Almaraz and Louis Almaraz of Grubb & Ellis represented both sides in the transaction.

The 63 percent leased Southern Hills sits on nearly 14 acres of land with 212,081 square feet of total space.

Phillips Edison plans to handle the leasing for the shopping center. Dollar Tree is the largest tenant.

Address1614 SW 74th St., Oklahoma City, Okla.

Size212,081 square feet

Built1962

---

Filed Under: Retail

E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us

Comments on this article

No comments have been posted in the last 15 days!

Send us your comments on this article

* - Required fields Subject: * Message: * Contact Name: * Contact URL: Contact Email: * Write the characters in the image above:

Related Headlines

• Colliers International welcomes three brokers in California - 5/29/2009
• Texas hotel sells for $4.275M - 5/29/2009
• Massey Knakal lists NoHo retail building for $5.95M - 5/29/2009
• California industrial building sells for nearly $3 million - 5/29/2009
• NAI facilitates sale of Alaska mixed-use building - 5/28/2009
• Long Beach retail center commands $6.05M - 5/28/2009
• Florida land fetches $2.725M - 5/28/2009
• Marcus & Millichap list Virginia retail store for more than $10.2M - 5/28/2009
• Colliers Arnold stays busy in Tampa - 5/27/2009
• Colliers sells two buildings in California - 5/27/2009