Inland American Real Estate Trust Pays $33.8M for Bryant Square in Edmond
Inland American Real Estate Trust, Inc. recently announced the purchase of the 275,466-square-foot Bryant Square Shopping Center in the suburban town of Edmond, Oklahoma.
By Ioana Neamt, Associate Editor
In a $33.8 million deal, Inland American Real Estate Trust Inc. has acquired Bryant Square Shopping Center, a 275,466-square-foot Class A retail property in Edmond.
Located about 14 miles north of Oklahoma City’s central business district at 308 S. Bryant Ave., the center is currently 94 percent leased. Among its tenants are Bed Bath & Beyond, Dollar Tree, Old Navy, Ross Dress for Less, and Petco.
Bryant Square is also shadow anchored by nearby Wal-Mart, Super Target, and Lowe’s stores. Its trade area includes the University of Central Oklahoma campus and the nearby Edmond branch of the OU Medical Center.
“This power center, with a grocery component, is a terrific addition to our retail portfolio due to its solid national tenant line-up, strong demographics and an ideal location trafficked by more than 40,000 vehicles per day,” Christopher Covey, senior vice president of transactions for Inland American, said in a statement. “Bryant Square is a dominant retail property in the Edmond area and is well positioned for future growth.”
David Disney of the Dallas-based Disney Investment Group (DIG) brokered the transaction.
Image courtesy of CBRE Oklahoma
You must be logged in to post a comment.