Troubled Macco Properties has taken the unusual step — for owner Lew McGinnis — of signing an exclusive listing agreement to try to sell a large portfolio of Class C properties here and in Wichita, Kan.
Macco, which filed for Chapter 11 bankruptcy protection in November, is offering six apartment complexes, three office parks, a freestanding office building and 12 acres of vacant land in Oklahoma City, and seven apartment properties in Wichita for a combined $85,975,000. The offering totals 3,001 individual apartments and 138,897 square feet of commercial space, said broker David Dirkschneider of Price Edwards & Co., who has the listing.
