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Price Edwards & Co. reports on retail property in Oklahoma City

“Oklahoma City's national image among retailers is the best it's ever been,” Price Edwards says. “Expect this to translate into more stores, more new development, and a better quality and diversity of retailers in our market.”
by Richard Mize Published: January 12, 2013

Here are some highlights from Price Edwards & Co.'s 2012 Year-End Retail Market Summary:

Big boxes

“Both former Ultimate Electronics, on Interstate 240 and Quail Springs Marketplace, have been leased, by U.S. Foods Chef's Store and Golfsmith, respectively. The former Belle Isle Linens 'n' Things space is expected to be leased in the first quarter.

“Gold's Gym took the Northwest Highway and Portland former Circuit City off the market as well as the former Sportsman's building at Quail Springs. Several boxes have been converted to nonretail use, including both former Borders: The Norman location will be a library and the Northwest Highway location a medical clinic. The former Crossroads Best Buy will be expansion space for Heritage College.”

The Outlet Shoppes

“The Outlet Shoppes continue to be a retail juggernaut. Full since it opened with continued strong sales, this concept clearly hit the sweet spot in our market. Their recent expansion brought more new tenants to our market: Columbia Sportswear, Kenneth Cole, Coach Men's Factory and Loft Outlet among others. There is talk of another expansion and the surrounding pad sites are being filled. So far, there appears to be limited effect on existing malls/retailers, which has been a concern.”

Crossroads Mall

“The future of Crossroads Mall remains a hot topic of conversation since local businessman Mike Dillard bought the distressed property just over a year ago. Dillard's group has been developing plans for the mall; expect a first-quarter announcement. From what we know, the direction will be exciting for south Oklahoma City and, we think, has a chance to be very successful.”

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by Richard Mize
Real Estate Editor
Real estate editor Richard Mize has edited The Oklahoman's weekly residential real estate section and covered housing, commercial real estate, construction, development, finance and related business since 1999. From 1989 to 1999, he worked...
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