3/25/2009

Tulsa multi-family sells for $11.5M

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Federal Home Loan Mortgage Corporation of McLean, Va., has sold a 572,745-square-foot apartment complex in Tulsa, Okla., to Omaha, Neb.-based Tulsa Highlands Limited Partnership for $11.5 million.

Aaron Hargrove of the Tulsa office of Hendricks & Partners, along with Tim McKay of the Oklahoma City office and John Clayton of the Little Rock office, represented the seller.

Located at 6000 South Memorial Drive and known as The Highlands, the 593-unit complex was built in two phases from 1973-1975. Community amenities include a two-level fitness center, three swimming pools and several on-site laundry facilities. Situated on top of Shadow Mountain on 33.39 acres, the property provides freeway access to all of Tulsa Metro and is located in the southeast section of the city.

Address: 6000 South Memorial Drive , Tulsa, Okla.

Size: 572,745 square feet

Built: 1973 - 1975

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Filed Under: Multi-Family

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