DALLAS, TX – September 4, 2019 – HFF announces the sale of Tulsa Hills Shopping Center, a 473,254-square-foot power center with multiple national anchors in Tulsa, Oklahoma.
The HFF team marketed the property on behalf of the seller, InvenTrust Properties Corp. R/D Investors purchased the asset free and clear of existing debt.
The 98.1-percent-leased Tulsa Hills Shopping Center is home to more than 50 national and regional retailers, including Best Buy, PetSmart, Ross Dress for Less, Marshalls, Bed Bath and Beyond, Dollar Tree, Ulta Beauty, Staples, Dick’s Sporting Goods and more. Additionally, the center is shadow anchored by Lowe’s, Target and Sam’s Club. Situated on 81.6 acres at 7336 South Olympia Avenue West, Tulsa Hills Shopping Center is in the southern part of Tulsa at the intersection of U.S. 75, Tulsa’s main north-south thoroughfare, and 71st Street proximate to Interstate 44 and Creek Turnpike, which provides access to the greater Tulsa area. The area represents the Tulsa MSA’s primary shopping destination and is exposed to more than $4.8 billion in spending power in a five-mile radius.
The HFF investment advisory team representing seller included managing director Ryan Shore and senior managing directors Barry Brown and Jim Batjer.
Holliday GP Corp. (“HFF”) is an Oklahoma licensed real estate broker.
About InvenTrust Properties Corp.
InvenTrust Properties Corp. is a pure-play retail company with a focus on acquiring grocery-anchored open-air centers in key growth markets with favorable demographics. This disciplined acquisition strategy, along with our innovative and collaborative property management approach, ensures the success of both our tenants and business partners and drives net operating income growth for the company. InvenTrust became a self-managed REIT in 2014 and a GRESB member in 2018. As of June 30, 2018, the company is an owner and manager of 78 retail properties, representing 13.9 million square feet of retail space. Visit https://www.inventrustproperties.comto learn more.
About R/D Investors
R/D Investors is a retail-focused real estate investment company that acquires high-quality, retail assets at discounts to replacement cost that are located within the secondary markets of the Southwestern U.S. Within those secondary markets, R/D Investors seeks to acquire retail centers with dominant locations and strong demographics. The company implements value-add strategies and upgrades to each property to add significant value and better position the asset to take advantage of its outstanding locations and core tenancy. For more information, please visit www.rdinvestor.com.
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
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