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Rockwell Northwest   |   Oklahoma City, OK

Before Renovation (After Pictured Above)

Rockwell Northwest

Year of Construction: 1979
Year of Remodel: 2017
Location: Rockwell and Northwest Expressway

In 1972, JAH Realty purchased an 11-acre site at the southeast corner of NW Highway and N. Rockwell. Over the ensuing seven years, JAH patiently waited for the right development opportunity as the market in northwest Oklahoma City grew and matured. In 1979, JAH developed a freestanding building at the hard corner of the site for Hardee’s. In 1982, JAH Realty began discussions with Wal-Mart to anchor a new 156,000 sq.ft. shopping center. In 1983, the Company broke ground on the development and later secured Handyman as the junior anchor. In the mid 1990s, the project suffered as Wal-Mart relocated and the junior anchor space was vacated. After a succession of grocery stores subleased from Wal-Mart, JAH Realty again regained control of the anchor space and began a redevelopment program. 

In 2000, JAH started the redevelopment of this asset by procuring Hobby Lobby to fill 67,000 sq.ft. of the former Wal-Mart space. Later that same year, the original Hardee's building was expanded and renovated for Starbucks, Which Wich and Cartridge World (originally Quiznos and Cingular). In 2003, the company started an ambitious project to re-tenant the remaining vacant space left over from the former Wal-Mart. Additionally, JAH Realty face-lifted the entire project adding expansive fascias, updated color schemes, and a clock tower. Simultaneously, the junior anchor space was sub-divided and leased to Hancock Fabrics and a local restaurant. To this day, this project generates unleveraged cash returns in excess of 18 percent on investment.

In the Spring of  2017, JAH remodeled the shopping center in connection with a new Tuesday Morning lease.  Using lighter colors and incorporating standing seam roofs into the project, JAH effectively changed the entire look of the project.  Additionally several new leases were executed including Potbelly to coincide with this renovation.