PEC ANNOUNCES SALE OF CHUCK E. CHEESE AT TOWNESOUTH CENTER

Price Edwards & Company is pleased to announce the sale of Chuck E. Cheese at Townesouth Center, prime real estate in the heart of South Oklahoma City.

Chuck E. Cheese is located on the southwest corner of the Townesouth Center development on Interstate 240 and South Walker in Oklahoma City, Oklahoma.  The 12,267 square foot building has approximately 1.36 acres of land.  Townesouth's shadow anchor tenants include Gold's Gym and On the Border.  The building was constructed in 2006.

Price:  $1,220,000

Improvement SF:  12,267

Land Size:  1.36 +/- acres

Buyer:  MVP Investments, LLC

Seller:  Oak Tree Capital, LLC

Closing Date:  May 22, 2013

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