Oppidan completes sales of Watford City, Tioga properties

Minneapolis-based Oppidan Investment Company, a national property development firm, has sold its Pheasant Ridge II apartment complex in Watford City and Cash Wise grocery store in Tioga.

The 42-unit apartment building at 1101 S. Pheasant Ridge St. in Watford City that was completed in May, was purchased by New York-based Trei Pheasant B Holdings, LLC earlier this month.

The apartment building, identical and adjacent to Pheasant Ridge I, currently is 100 percent occupied, said Oppidan officials.

The 36,052-square-foot Cash Wise grocery store in Tioga also was completed in May. It was purchased in late June by ARCP CO Tioga ND, LLC, an LLC owned by Phoenix-based American Realty Capital Properties.

Earlier this year, Oppidan finalized the sales of three apartment complexes in Watford City and Williston, including Pheasant Ridge I, which was purchased by New York-based Triton Real Estate Acquisitions, LLC, and The Gables I and II, which were purchased by New York-based Feinberg Properties.

It also sold three retail developments in the Bakken region, including Watford Plaza in Watford City and Southgate Crossing in Minot, both of which were purchased by Toronto-based Slate US Opportunity; and Westview Plaza in Stanley, which was purchased by Singapore-based AR CAPITAL.