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.”
Hunt unveiled the $45-million center last year, after years of delays, according to The Oklahoman. It was the biggest retail project the area had seen in 35 years.
Lawton is located 50 miles southwest of Oklahoma City.
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