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May. 9, 2014

Inland American Plans 23,000-Square-Foot Expansion at Tulsa Hills Shopping Center

By Gabriel Circiog, Associate Editor

Tulsa Hills Shopping Center is set to undergo a 23,000-square-foot expansion which is scheduled to be completed by November.

Located at 7336 South Olympia Avenue West, the 451,009-square-foot property is anchored by Target and Lowe’s. When Oklahoma City-based Sooner Investment Realty and Collett & Associates of Charlotte, N.C., announced the %60 million project in 2005, it was set to be the biggest retail development to open in the area since Woodland Hills Mall in 1976. The $60 million project opened in 2008 and in 2010 Inland American Real Estate Trust Inc. acquired the property for $54 million.

According to recent news from Tulsa World, Oak Brook, Illinois-based Inland American will construct the new building to match the existing center’s design. The new construction will be situated in the south part of the shopping center and will feature Jersey Mike’s Subs, Lane Bryant, Versona Accessories and another tenant which will be announced this summer.

In other development news, The Enid News and Eagle reports that Enid Mayor Bill Shewey highlighted the city’s $1.4 billion development pipelinw in his annual state of the city address. Projects will include a $1 billion expansion of Koch Nitrogen’s plant and Northstar Agri Industries’$200 million canola processing plant. Shewey also referred to new housing and the recent openings of several retail outlets.

Photo Courtesy of: www.inland-investments.com

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