Home / Knowledge / News / Apparel/Garments / Glimcher acquires retail properties in Oklahoma City
Glimcher acquires retail properties in Oklahoma City
04
Mar '14
Glimcher Realty Trust, one of the country’s premier retail REITs, announced it has completed its acquisition of approximately 290,000 square feet of open-air, mixed-use properties in the Oklahoma City market for $51.8 million. 
 
The purchase includes three retail properties, Classen Curve, Nichols Hills Plaza and The Triangle at Classen Curve, as well as approximately 12 acres of additional land in the upscale northern Oklahoma City and Nichols Hills neighborhoods. Combined, the centers are performing near $500 per square foot and feature the market's only Anthropologie, lululemon athletica, and Whole Foods, as well as other popular local and regional retailers and restaurants.
 
“Based on early interest, we believe there is an opportunity to create a fully integrated, mixed-use shopping and entertainment district serving the local community as well as the broader Oklahoma City market,” said Michael P. Glimcher, Chairman of the Board and CEO.
 
“To assist in maintaining the local flavor of the center and ensuring a smooth transition within the market, we are also pleased to announce Tom Blanton, President of Blanton Property Co., will continue to partner with us on leasing and development.”
 
Together, Classen Curve and Nichols Hills Plaza currently provide convenient upscale shopping and restaurants to residents of Nichols Hills, northern Oklahoma City and the adjacent corporate campus for Chesapeake Energy.
 
“We are pleased to have one of the country’s foremost retail real estate developers next to our campus,” said Doug Lawler, Chesapeake’s Chief Executive Officer. “Through this sale, Chesapeake continues its strategy of divesting non-core assets to focus on our business of energy exploration and production.”
 
About Glimcher Realty Trust
Glimcher Realty Trust, a real estate investment trust, is a recognized leader in the ownership, management, acquisition and development of retail properties, which includes open-air centers, enclosed regional malls and outlet centers. Glimcher owns material interests in and manages 29 retail properties with gross leasable area totaling approximately 19.6 million square feet.
 

Glimcher


Must ReadView All

Courtesy- PVH Corp

Apparel/Garments | On 25th May 2016

PVH Corp & Grupo Axo announces joint venture in Mexico

PVH Corp, one of the largest apparel companies in the world and Grupo ...

Apparel/Garments | On 25th May 2016

New GS1 US rule blends e-commerce fulfillment methods

A new guideline focused on e-commerce and omni-channel fulfillment...

Textiles | On 25th May 2016

PYMA’s SOS to save downstream textile industry

The Pakistan Yarn Merchants Association (PYMA) has appealed to the...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

What are the latest technological innovations in the spinning industry?...

Rajiv Sirohi
Shara

What kind of fabric is in demand in export markets of home textiles? What...

Dinaz Madhukar
DLF Emporio and DLF Promenade

How do you see the competition from e-stores? What is the marketing...

Mark Paterson
Technical Absorbents Ltd

<b><i>Mark Paterson, R&D manager of Technical Absorbents Ltd talks about...

Kerem Durdag
Biovation II LLC

<b><i>Kerem Durdag, CEO, Biovation II LLC, provides an insight into future ...

Silke Brand-Kirsch
Schlegel und Partner

<b><i>Silke Brand-Kirsch, executive partner of Schlegel und Partner, a...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
May 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search