JAH Realty, L.P. announces the acquisition of Council Crossing, a 141,252 s.f. shopping center located at the northwest corner of Northwest Expressway and Council Rd in Oklahoma City. Tenants in the shopping center include: State Farm, QQ China, To The Point Dance Academy, Native Crossfit, Venezia Italian Restaurant, Abuelita’s Mexican Restaurant and others. The property also includes a 41,500 sq. ft. anchor space formerly occupied by a grocery store that could be sub-divided if necessary. In addition to an aggressive leasing campaign, JAH plans to make cosmetic changes to the shopping center including replacement of the awnings, tower elements and improving the lighting and landscaping to further enhance the visibility, aesthetics and function of the property.
“Northwest Expressway and Council is a major retail node in the Oklahoma City market. There are over 750,000 s.f. of retailers, restaurants and service providers at this intersection including Walmart, Sam’s, Kohl’s, Home Depot, Office Depot, Walgreens, TJ Maxx and others; creating a destination location for Northwest Oklahoma City as well as surrounding communities in Canadian and Kingfisher Counties, said Graham Irvine, Director of Investments.” “We are excited to add Council Crossing to our portfolio in Oklahoma City”, said Ethan Slavin, Director of Leasing for JAH Realty. “We believe this property fits well with our overall strategy of acquiring hard corner locations where we can add value with a combination of leasing and management.”
JAH Realty, L.P. owns 23 shopping centers totaling approximately 1.7 million s.f. in the Dallas/Ft. Worth and Oklahoma City markets. With the acquisition of Council Crossing, the company now owns over 1 million s.f. of retail space in the Oklahoma City MSA. Additionally, JAH manages 12 other retail properties in Dallas Ft./Worth, Phoenix and Denver totaling in excess of 1.2 million s.f.