Tulsa private equity firm buys Lake Osprey Plaza

BUYER: 2014 Lake Osprey LLLP, Tulsa, Okla.
SELLER: Wells Fargo Bank NA as trustee for the Registered Holders of Credit Suisse First Boston Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates Series 2005-C
PROPERTY: 6251, 6257, 6255, 6287, 6285, 6283, 6279, 6277, 6273, 6271, 6265, 6263, 6293, 6291, 6247, 6245, 6243, 6241, 6253, 6249, 6289, 6259 and 6239 Lake Osprey Drive, Sarasota
PRICE: $3.68 million
PREVIOUS PRICE: $7 million, July 2005
LAW FIRM ON DEED: Windstead PC, Dallas

PLANS, DESCRIPTION:
Private equity firm GBR Properties Inc. purchased the 32,600-square-foot Lake Osprey Plaza retail strip center for $3.68 million.

The price equated to $113 per square foot. That figure is lower than the two-year average price per square foot for retail space ($129) in the Tampa Bay area, according to the CoStar Group.