Edmond Exchange

JAH Realty purchased the former Payless Cashways when it filed for bankruptcy in 1998. The site was a former lumberyard located at the intersection of 33rd and Broadway in Edmond, Oklahoma. Understanding this property was not being utilized at its highest and best use, JAH Realty saw a unique opportunity to purchase a seven-acre site at the primary retail intersection in the Edmond trade area. JAH moved quickly to purchase this asset along with an adjacent tract to provide improved access that the site had always lacked. The drawing power of the site was the high traffic count and expansive frontage. JAH began developing a series of outparcels for single users and one multi-tenant building. In early 2002, the Company ground leased the hard corner outparcel to Brinker International and subsequently has ground leased another parcel to KFC/A&W for a co-branded restaurant. JAH also developed a 4,500 s.f. multi-tenant building and immediately leased a portion to Quizno’s. JAH Realty completed the final phase of the project in November 2004 with a two story 52,0000 s.f. mix-use building.