Stan Johnson Co. Completes Sale of Two Garden Ridge Properties in Oklahoma for $19.6 million.

Garden Ridge retail center, 
701 S. Macarthur, 
Oklahoma City, OK

Ken Hedrick (left) and Jerry Hopkins

TULSA, OK(April 22, 2013) – Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the sale of two Garden Ridge retail stores for a total of $19.6 million. The properties are located at 11015 E. 51st Street South in Tulsa, OK, and 701 S. Macarthur in Oklahoma City, OK.  

Ken Hedrick, Andrew Ragsdale and Jerry Hopkins of Stan Johnson Company represented the seller, New York-based W.P. Carey Inc. The buyer was Arizona-based STORE Capital.

Andrew Ragsdale

Both properties are 100 percent leased by Garden Ridge Corporation under absolute bondable NNN leases, and have been occupied by Garden Ridge since 1996. The portfolio featured 11.5 years remaining of primary lease term, with four, five-year renewal options.

For a complete copy of the company’s news release, please contact:

David Ebeling

Ebeling Communications

(949) 278-7851