{"id":1004079786,"date":"2013-07-07T17:32:56","date_gmt":"2013-07-08T01:32:56","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=145203"},"modified":"2020-04-15T10:13:21","modified_gmt":"2020-04-15T18:13:21","slug":"glimcher-sells-tulsa-promenade-mall","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/glimcher-sells-tulsa-promenade-mall\/","title":{"rendered":"Glimcher Sells Tulsa Promenade Mall"},"content":{"rendered":"

By Gabriel Circiog, Associate Editor <\/em><\/p>\n

Tulsa Promenade Realty Management L.L.C., a private investor, has acquired Tulsa Promenade in a $12.3 million deal from a joint venture of Glimcher Realty Trust and an affiliate of Oxford Properties Group. \"\"<\/a>The proceeds were used to retire the mortgage on the property.<\/p>\n

Mike Kohen, Tulsa Promenade Realty Management\u2019s CEO, told Fox23.com<\/a> that he plans to improve the mall and diversify its tenant mix by attracting national and local retailers.<\/p>\n

\u201cToday\u2019s transaction further illustrates our focus on enhancing the quality of the portfolio and managing our balance sheet leverage,\u201d stated Michael P. Glimcher, chairman & CEO of the Ohio-based REIT, which was the property\u2019s majority owner. \u00a0\u201cThe completed sales of Tulsa Promenade and Lloyd Center along with our recent acquisitions are accelerating our transformation.\u201d<\/p>\n

The venture continues to operate another mall in the Glimcher portfolio.<\/p>\n

Located at 4107 South Yale Ave., in Midtown Tulsa, the 926,426-square-foot mall was built in 1965 as an open-air center and was originally named Southland. \u00a0The center was enclosed and given its current name in 1987. Its anchor tenants include JCPenney, Dillard\u2019s and Macy\u2019s.<\/p>\n

Photo Courtesy of: www.facebook.com\/TulsaPromenade<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Glimcher Realty Trust, a retail oriented REIT, has recently announced it has completed the sale of Tulsa Promenade, a mall located in Tulsa, Oklahoma.<\/p>\n","protected":false},"author":264,"featured_media":1004506983,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004079786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest"],"acf":[],"yoast_head":"\nGlimcher Sells Tulsa Promenade Mall - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/glimcher-sells-tulsa-promenade-mall\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glimcher Sells Tulsa Promenade Mall\" \/>\n<meta property=\"og:description\" content=\"Glimcher Realty Trust, a retail oriented REIT, has recently announced it has completed the sale of Tulsa Promenade, a mall located in Tulsa, Oklahoma.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/glimcher-sells-tulsa-promenade-mall\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-07-08T01:32:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-15T18:13:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Tulsa-Promenade-Mall.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gabriel Circiog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/glimcher-sells-tulsa-promenade-mall\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/glimcher-sells-tulsa-promenade-mall\\\/\"},\"author\":{\"name\":\"Gabriel Circiog\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc807179924e7fea3aeab259237f45a5\"},\"headline\":\"Glimcher Sells Tulsa Promenade Mall\",\"datePublished\":\"2013-07-08T01:32:56+00:00\",\"dateModified\":\"2020-04-15T18:13:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/glimcher-sells-tulsa-promenade-mall\\\/\"},\"wordCount\":63,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/glimcher-sells-tulsa-promenade-mall\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Tulsa-Promenade-Mall.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/glimcher-sells-tulsa-promenade-mall\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/glimcher-sells-tulsa-promenade-mall\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/glimcher-sells-tulsa-promenade-mall\\\/\",\"name\":\"Glimcher Sells Tulsa Promenade Mall - 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