Former Best Buy building sells
A Denver developer has purchased the former Best Buy on Interstate 240 near Interstate 35. The 40,600-square-foot building sold for $2.55 million on Sept. 7 to Hi Land LLC. The developer has a specific tenant in mind but it hasn't been officially announced, said real estate broker Mark Inman, who represented Best Buy in the transaction. According to city records, a Denver construction company received a commercial building permit to remodel the building at a cost of $1.5 million. The company listed the construction type as “schools and other educational buildings.” Best Buy moved its south Oklahoma City store in November to the I-240 Penn Park shopping center at I-240 and Pennsylvania Avenue.
Orchids Paper Products honored
PRYOR — Orchids Paper Products Co. has received an award from Dollar General for its innovation, dependability and excellence in its partnership with the retailer. Orchids won Dollar General's 2012 Pride Award in the private label vendor category. “We are very proud and honored to have earned this recognition from such a valued customer and partner as Dollar General. Dollar General is a leader in its field and we are honored to be a long-term supplier to their organization,” CEO Robert Snyder said. “The award is a testament to the dedication of our team in achieving world class service and innovation to our customers.”
GMX tenders senior notes
GMX Resources Inc. received tenders from less than half of holders of its outstanding senior notes in an exchange offer that ended Monday, the company announced Tuesday. Shareholders exchanged almost $25 million, or almost 48 percent, of the company's 5 percent senior notes due in 2013. GMX also received tenders from $38 million, or 44 percent, of its 4.5 percent senior notes due in 2015. Shareholders who participated in the exchange received senior secured second-priority notes due 2018.