STILLWATER, Okla. - Hanley Investment Group Real Estate Advisors, a nationally recognized retail investment advisory firm specializing in the sale of retail properties, announced today that the firm has arranged the $22.5 million sale of Lakeview Pointe Shopping Center, a 207,406‑square‑foot power center anchored by leading national junior‑box retailers, in Stillwater, Oklahoma.
Hanley Investment Group's Executive Vice President and Partner Jeff Lefko and Executive Vice President Bill Asher, in association with ParaSell, Inc., represented the seller, Rubenstein Real Estate Co., in conjunction with a family office based in Overland Park, Kansas. The buyer, a private investor also from Overland Park, was represented by Scott Taubin, senior vice president and principal of The R.H. Johnson Company of Kansas City, Missouri.
In the last two years, Hanley Investment Group has sold approximately $300 million and 2 million square feet of power and junior-box-anchored shopping centers. During the last nine months of 2025 alone, the firm completed seven transactions totaling more than $150 million and nearly one million square feet, underscoring Hanley's leadership in this retail segment.
"We generated competitive interest and procured multiple offers from private capital and mid‑market buyers within the first few weeks of marketing the center," said Lefko. "We identified and selected a repeat private buyer from the Midwest that required a short-term escrow, which provided the seller with a high level of execution certainty."
Strong Tenant Lineup and Long-Term Occupancy
Located at 1908-2280 North Perkins Road, Lakeview Pointe Shopping Center is 95% occupied and anchored by a durable lineup of national retailers including Best Buy, Ross Dress for Less, Belk, Five Below and Petco. According to Placer.ai, the center generates 2.3 million annual visits and ranks in the top 12% of all shopping centers in Oklahoma, reflecting its strong regional draw and consistent consumer traffic.
Built in 2006 on 24.77 acres, Lakeview Pointe benefits from exceptional tenant longevity and operational stability: 78% of its occupied square footage has been at the property for 15 years or more, including Ross Dress for Less and Belk, both original tenants since 2006. Ross Dress for Less (NASDAQ: ROST; S&P: BBB+) operates more than 1,775 stores nationwide, while Belk maintains nearly 300 department stores and outlet locations across 16 Southeastern states and recently executed an early lease extension at the center.
Best Buy (NYSE: BBY; S&P: BBB+), a tenant since 2010, recently renewed its lease with a full rental increase and operates more than 1,000 stores nationwide, continuing to rank among the top companies on the Fortune 500. Petco (NASDAQ: WOOF), with more than 1,500 stores nationwide, ranks in the top 30% of all Petco locations nationally based on Placer.ai visitation. Five Below (NASDAQ: FIVE), one of the fastest-growing value retailers in the U.S., operates more than 1,800 stores nationwide.
"The sale of Lakeview Pointe reflects the strength of junior-box-anchored retail within today's power center category in secondary markets," said Lefko. "Looking ahead, junior-box-anchored shopping centers are expected to remain a focal point for private capital in 2026 as institutional investors continue to target grocery-anchored assets. With long-term occupancy, recent leasing activity and a proven anchor lineup, the $22.5 million transaction with a private Midwest buyer illustrates how private capital is increasingly willing to pursue larger junior-box assets when fundamentals align."
Lefko added, "Private buyers have become one of the most active buyer pools in this space. The majority of our power center transactions in 2025 were sold to private investors or family offices."
Lakeview Pointe has also experienced renewed leasing momentum, with three new shop leases signed within the past year, and ownership recently completed brand‑new roof installations in 2024, all with transferable warranties, providing long-term operational security for the buyer.
Strategic Location
Lakeview Pointe is situated just two miles north of Oklahoma State University, home to 27,000 students and more than 14,000 employees, and ranked the No. 2 Best College in Oklahoma by Niche (2025). Additional higher-education institutions in Stillwater include Northern Oklahoma College-Stillwater and Meridian Technology Center, contributing to a stable year-round population and consistent retail demand.
The property benefits from excellent visibility and access at the signalized intersection of Perkins Road and Lakeview Road, which sees more than 33,400 cars per day. Stillwater Medical Center, a 117-bed acute care hospital and one of the city's largest employers, is located just three miles from the center. Positioned approximately 60 minutes from both Tulsa and Oklahoma City, Stillwater serves as a key regional hub drawing from a broad trade area.
"Markets like Oklahoma and its surrounding regions continue to offer investors a compelling blend of affordability, tenant performance and demographic stability," said Lefko. "These fundamentals are driving increased interest from private buyers who are prioritizing stable, income-producing retail in today's environment."
About Hanley Investment Group
Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory services company with a $12.6 billion transaction track record specializing in the sale of retail properties nationwide. The firm's expertise, proven track record spanning more than 20 years, and dedication to putting clients' needs first set it apart in the industry. Hanley Investment Group creates value by delivering exceptional results through property-specific marketing strategies, cutting-edge technology and local market knowledge. Hanley Investment Group's relationships with investors, developers, institutions, franchisees, brokers and 1031 exchange buyers translate into maximum exposure and pricing for each property. With unmatched service, Hanley Investment Group has redefined the experience of selling retail investment properties.
For more information, visit www.hanleyinvestmentgroup.com.
Media Contact
Company Name: Hanley Investment Group Real Estate Advisors
Contact Person: Jeff Lefko, Executive Vice President & Partner
Email: Send Email
Phone: 949.585.7682
Address:3500 East Coast Highway, Suite 100
City: Corona del Mar
State: California
Country: United States
Website: https://hanleyinvestmentgroup.com/
