DALLAS--UCR Investment Sales has announced the sale of Lawton Marketplace, a 179,181-square-foot power center in Lawton, Okla. UCR represented the seller, Dallas-based Hunt Properties. The price was undisclosed.
The buyer was American Realty Capital Properties Inc., on behalf of Cole Credit Property Trust V Inc.
“Lawton Marketplace is shadow-anchored by Target, thus creating an unusually large trade area,” Adam Howells, managing partner with UCR Investment Sales, told GlobeSt.com. “That, in conjunction with national credit tenants with long-term leases, created a broad range of institutional investor interest.”
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