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