Cushman & Wakefield announced the sale of Legend Park, a 360-unit multifamily community in Lawton, Oklahoma.
Built in 2010 and 2012, Legend Park has an outstanding location near major thoroughfares, top retailers, and outdoor recreation. The multifamily community is also in proximity of Lawton’s largest employers, including the Fort Sill Army base that is home to 16,500 military troops and 7,000 civilian jobs. Legend Park offers premium community amenities to residents, modern designs, spacious floorplans, and potential value-add by continuing a renovation plan that has allowed 40 units to be upgraded at the property.
Martin Bynum, Craig Hey, and Stephen Pestinger of Cushman & Wakefield represented an undisclosed seller in the transaction. The multifamily community was acquired by 3501 Gore BLVD and 3501 Gore BLVD II.
“Legend Park arrived to the market as the premier property in the area and carried with it attractive and assumable in-place debt. These two factors, along with a proven value-add strategy, attracted national buyer interest to a tertiary market like Lawton,” said Bynum, Director at Cushman & Wakefield.
“We’re excited to leverage our multi-state team and HUD loan experience to generate the largest tertiary Oklahoma sale,” added Hey, Vice Chair at Cushman & Wakefield.
