Price Edwards & Company is pleased to offer Oklahoma’s largest shopping mall for sale.

It is a vailable for purchase for $24 million. The 941,745 square foot regional mall, located at the intersection of Interstate 35 and Interstate 240, covers 84 acres.

The offering includes the main mall; two anchor buildings; the AMC theater building; and the ground leases for the Fairfield Inn by Marriott, the Residence Inn by Marriott, and the Texas Roadhouse Restaurant. The mall may be purchased as one property or by parcel.

The question I get more than any other is, ‘When will the retail market recover?’.

Of course, I don’t know, but, as my wife frequently points out, that has never stopped me in the past. Here goes, for us to see significant improvement, retailers need to put themselves in a position for recovery, the economy needs to see some broader improvement, and consumer confidence needs to rebound.

Let’s talk about retailers first.

While it is true the economy has seen better days plenty of opportunities for local tenants still exist.  The current climate of the commercial real estate market has created one of the strongest tenant markets in history.  One of the most significant bedmond-plaza-flyery-products of the market slowdown has been the downward pressure on rental rates.

In almost every market, rents have softened creating some of the best opportunities for tenants to lock in generous lease terms.  For example, much activity has taken place at Edmond Plaza located in Edmond at 15th & Broadway.