Panera Bread location sells
Westgate Marketplace Developers LLC has sold an investment property leased to Panera Bread at 6410 SW 3 to Scholars West LLC for $1,885,000, more than its list price, in a transaction handled by broker Jason Little of CB Richard Ellis-Oklahoma, who represented the seller. Little said the 4,377-square-foot building on 1.28 acres, one of the first Panera Bread locations here with a drive-thru, received multiple offers. The property is an outparcel to Westgate Marketplace, a 1 million-square-foot mixed-use development anchored by Wal-Mart Supercenter, Home Depot, Hobby Lobby, Ross Dress for Less and Best Buy at Interstate 40 and MacArthur Avenue. Derrick Schroeder with Florida-based Solid Investments-Berger Realty Group represented the buyer. Escrow services were provided by Mary Gardner of American Eagle Title.
Dream home open house set
EDMOND — The St. Jude Dream Home house is having a Family Fun Day open to the public from 11 a.m. to 1 p.m. Saturday. Visitors will have a meet-and-greet with country singer-songwriter Justin Moore with free food and soft drinks from the POPS food truck and can enter for a free chance to win a $500 Target gift card. Dunhill Fine Homes teamed up with its parent Turner & Co. to build the dream home, valued at $575,000, at 10408 Chitwood Farms Road in the Lake at Chitwood Farms neighborhood, on Post Road one mile south of Second Street, about four miles east of Interstate 35. Open house will continue from 9 a.m. to 5 p.m. Saturdays and from noon to 5 p.m. Sundays through June 17. Tickets are on sale for an opportunity to win the 3,900-square-foot house with four bedrooms, 41/2 baths, a study, a game room upstairs and a mother-in-law suite featuring a handicap-accessible outside entrance. Tickets are $100 each and can be reserved at Citizens Bank of Edmond locations, by calling (800) 592-1596 or with a credit card at www.dreamhome.org.
Commercial transactions rise
Realtors specializing in commercial property reported an increase in transactions and a rise in median gross annual income in 2011, according to the 2012 National Association of Realtors Commercial Member Profile. The study represents Realtors who work at least partly in commercial sales, leasing, brokerage and development of land, office and industrial space, multifamily and retail buildings, as well as property management. The survey shows that despite a challenging market, commercial members of the National Association of Realtors completed a median of seven transactions in 2011, up from 2009 and 2010 when the typical agent had five transactions. In addition, the median gross annual income of commercial members increased to $86,000, up almost $10,000 from 2010.