Done Deals: Bryant Square retail center in Oklahoma City metropolitan area trades hands

Monday, January 20, 2025

Bryant Square retail center in Oklahoma City metropolitan area trades hands

Erin Lazarus.

DALLAS, TX –  JLL Capital Markets has secured the sale of Bryant Square, a 272,135-square-foot retail center in Edmond, Oklahoma, part of the Oklahoma City metropolitan area. The price was not disclosed.

JLL represented the seller, TriGate Capital, in arranging the buyer, Mazaheri Properties. Phillip Mazaheri with Price Edwards & Company represented the buyer.

Bryant Square, a 272,135-square-foot retail center
in Edmond, OK, part of the Oklahoma City metropolitan area.

Bryant Square, located at 308 S Bryant Ave., enjoys a strategic position in the affluent Oklahoma City suburb of Edmond. The center's prime location provides exceptional visibility and access, situated just west of I-35, the largest North-South thoroughfare in Oklahoma City.

The greater Oklahoma City area continues to see strong population growth, particularly in its suburban areas. Edmond itself has experienced significant expansion, with the five-mile radius around Bryant Square showing an average household income of $138,000 and consumer spending power of $6.75 billion.

Chris Gerard

Bryant Square, originally constructed in 1978 and renovated in 2018, boasts a robust 96% occupancy rate with a diverse tenant mix including Ross Dress for Less, Burlington Coat Factory and Old Navy.

The retail center offers significant value with an average tenant tenure of 8.8 years and a weighted average lease term of 4.6 years, ensuring a stable and attractive investment.

JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Senior Managing Directors Chris Gerard and Barry Brown and Director Erin Lazarus.

"Bryant Square offered investors a high-quality retail asset in one of Oklahoma City's fastest-growing submarkets," said Gerard. "With its strategic location in affluent Edmond and potential for increased income, this transaction demonstrates continued investor appetite for well-positioned retail properties in high-growth suburban markets."