Discount retailer Fallas Paredes, a chain with about 200 stores across the Southwest, will open its first Oklahoma location next year in Oklahoma City.
Construction is underway on the new clothing retailer at a long-vacant big box store that once housed Circuit City near Interstate 240 and Shields Boulevard.
Fallas Paredes has stores in California, Nevada, Texas and New Mexico. The Fallas Paredes brand is popular with Hispanic shoppers, and the company typically locates its stores in areas that fit those demographics, said Mark Inman, senior vice president for the real estate brokerage firm CBRE|Oklahoma, which tracks vacant big box retail space in the metro area.
Fallas Paredes stores carry brand-name and private-label clothing for men, women and children, along with shoes and home decor.
“I don't know if they are going to do a second store now, but it could be on their long-term radar,” Inman said. “I think they are going to see how this first store does.”
The 21,000 square-foot big box store that Fallas Paredes will inhabit at 221 SE 74 in the South Shields Plaza retail center has been vacant since about 2006, long before Circuit City announced it would close all of its stores in 2009, Inman said.
The available retail box space has continued to dwindle down to a minimum.”
Senior vice president at CBRE|Oklahoma