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| Margaret Caldwell |
Anchored by T.J. Maxx, Ross Dress For Less, Petco and ULTA, the center was fully leased at the time of sale to 12 tenants.
Stan Johnson Company’s Margaret Caldwell and Patrick Kelley represented the seller, GBT Realty Corporation based in Brentwood, Tennessee.
A Florida-based 1031 exchange private buyer acquired the asset for
approximately $15.3 million.
Patrick Kelley
“Silver Lake Village was the perfect investment opportunity for this 1031 exchange investor who submitted a pre-emptive offer shortly after we hit the market,” said Caldwell, Managing Director and Partner in Stan Johnson Company’s Atlanta, Georgia office.
The property is situated on 9.41 acres and shadow-anchored by the only Lowe’s
within 30 miles.
The shopping center boasts a
signalized intersection with excellent visibility from Adams Boulevard and the
adjacent recreational area, Lee Lake. Non-anchor tenants include Maurices, Kay
Jewelers, Verizon, and other national retailers.
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| Silver Lake Village shopping center, Bartlesville, OK |
“With the
top-quality tenant lineup and minimal competition, Silver Lake Village is the
premier center in the region and was highly sought-after by investors,” said
Kelley, Associate Director in Stan Johnson Company’s Atlanta, Georgia office.
“We are
very pleased to have been part of the Bartlesville community for the last seven
years,” a representative from GBT Realty Corporation added.
CONTACT:
David Ebeling
Ebeling Communications
(949) 278-7851
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