Conn's, Blockbuster closings mean opportunity for retailers in Edmond

Developer Jeff Norman of Oklahoma City-based JAH Realty gave a rundown of Edmond's retail landscape at the annual Edmond Economic Preview.
BY RICHARD MIZE richardmize@opubco.com Published: February 5, 2012
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Retail space totals 3,073,118 square feet and was 10.62 percent vacant at the end of 2011, Norman said.

Several Edmond retail centers are fully occupied. He said the highest vacancy is at 96,118-square-foot Edmond Market Place (major tenant: Delta Cafe), 3303 S Boulevard.

Several smaller centers financed and built in 2007-2008 have large vacancies.

Examples are 4,800-square-foot Edmond RetaiI (Little Caesar's), south side of Edmond Road west of Santa Fe, 25 percent vacant, and 19,444-square-foot Cheyenne Springs (North Oaks Liquor), north side of Danforth, west of Kelly, 51.8 percent vacant.

Norman said the city last year issued eight retail permits totaling more than 85,000 square feet of space — ranging from a 3,825-square-foot Chicken Express at 1000 W Danforth Road to the 50,000-square-foot Uptown Grocery — valued at $8.4 million.

He reported 15 retail property sales for a total of 179,357 square feet valued at $22.5 million.



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