PEC ANNOUNCES SALE OF QUAIL SPRINGS SHOPPES

Price Edwards & Company is pleased to announce the sale of Quail Springs Shoppes, prime real estate in the heart of the Memorial Corridor.

Quail Springs Shoppes are located in the center of the Memorial Corridor in Oklahoma City, Oklahoma.  The 17,000 square foot center has approximately 262 feet of frontage on Memorial Road.  Quail Springs Shoppes is anchored by Men's Wearhouse with the building construction completed in 2005.

Price:  $4,368,620

Price / SF:  $256.98

Improvement SF:  17,000

Land Size:  1.59 +/- acres

Buyer:  S.M.J. Industries, Inc. and Beckham Operating Cooperation

Seller:  Quail Springs Shoppes, LLC

Closing Date:  May 31, 2013

Paul Ravencraft and Phillip Mazaheri, Retail Investment Team Specialists with Price Edwards & Company, handled the transaction.