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Texas  + Retail  |  January 29, 2021
Paul Bubny
By: Paul Bubny

19-Property Car Dealership Portfolio Trades in AR, TX and OK

CBRE arranged the sale of a 19-property retail portfolio spanning locations in Arkansas, Texas and Oklahoma. The individual car dealerships were sold to Miami-based Orion Buying Corp.

The seller of the portfolio is the Fleeman family, the original founders of America’s Car-Mart.
 
The properties—including one in Texarkana, TX along with two in Oklahoma and 16 in Arkansas–provided the buyer with a unique ownership opportunity. All 19 locations are freestanding with new eight-year lease terms with no standing debt.
 
In addition to directly sourcing the buyer, CBRE also structured the buyer’s debt, assisted in lease negotiation with the tenant and coordinated all new third-party studies and reports.
 
Will Lightfoot and Jason Little with CBRE in Oklahoma City and David Erstine with CBRE in Fayetteville represented the seller in the transaction. CBRE is marketing the remaining three properties in Tulsa, OK; Camden, AR; and Pine Bluff, AR.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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