Colonial Estates

Summary
PROPERTY TYPE: Grocery Anchored
SIZE: 102,696 SF
LOCATION: Norman, OK
ANCHORS: Buy for Less, Dollar General, Goodwill

Colonial Estates

Norman, OK

Investment Highlights

  • Increased occupancy from 76% to 94%
  • Transformed obsolete center with a rundown interior mall into a grocery anchored strip center
  • Negotiated a lease with Buy for Less after Pratt Foods vacated
  • Managed over $420,000 of capital expense and tenant improvements
  • Increased NOI from $175,000 to $302,509