Oklahoma Real Estate Notes for March 7

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NewsOK.com

Windsor Hills Station Center, 4537 NW 23, sold as part of a $38.3 million national disposition of seven retail properties by Cincinnati-based Phillips Edison & Co. Hanley Investment Group of Irvine, Calif., a retail property brokerage, represented Phillips Edison in the portfolio sale. Hanley Investment said the buyer of Windsor Hills was Grant Soderberg of Square Deal Capital in Oklahoma City. County records shot that SDI Windsor Hills LLC paid $11.8 million for the property, which has six buildings totaling 202,491 square feet on 18.8 acres. All the buildings were constructed in 1974 except one, a 7,778 -square-foot stand-alone story built in 1995. The portfolio sale comprised more than 800,000 square feet of retail centers and multiple buyers “who were comfortable in the growth opportunities for each individual property,” Hanley Investment said. All the properties sold were in secondary or third-level markets, the brokerage said. In addition to Oklahoma City, the sold centers were in Alexandria, Ky.; La Grande, Ore.; Madison, Ga.; Truth or Consequences, N.M.; Tupelo, Miss.; and Decatur, Ill.