Bryant Square retail center in Oklahoma City metropolitan area trades hands

DALLAS, Jan. 13, 2025 – JLL Capital Markets announced today that it has secured the sale of Bryant Square, a 272,135-square-foot retail center in Edmond, Oklahoma, part of the Oklahoma City metropolitan area.

JLL represented the seller, TriGate Capital, in arranging the buyer, Mazaheri Properties. Phillip Mazaheri with Price Edwards & Company represented the buyer.

Bryant Square, located at 308 S Bryant Ave., enjoys a strategic position in the affluent Oklahoma City suburb of Edmond. The center's prime location provides exceptional visibility and access, situated just west of I-35, the largest North-South thoroughfare in Oklahoma City.

The greater Oklahoma City area continues to see strong population growth, particularly in its suburban areas. Edmond itself has experienced significant expansion, with the five-mile radius around Bryant Square showing an average household income of $138,000 and consumer spending power of $6.75 billion.

Bryant Square, originally constructed in 1978 and renovated in 2018, boasts a robust 96% occupancy rate with a diverse tenant mix including Ross Dress for Less, Burlington Coat Factory and Old Navy. The retail center offers significant value with an average tenant tenure of 8.8 years and a weighted average lease term of 4.6 years, ensuring a stable and attractive investment.

JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Senior Managing Directors Chris Gerard and Barry Brown and Director Erin Lazarus.

"Bryant Square offered investors a high-quality retail asset in one of Oklahoma City's fastest-growing submarkets," said Gerard. "With its strategic location in affluent Edmond and potential for increased income, this transaction demonstrates continued investor appetite for well-positioned retail properties in high-growth suburban markets."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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TriGate Capital, LLC is a premier real estate investment manager specializing in the recapitalization and repositioning of high-quality commercial real estate assets and companies. With a track record of acquiring over $11 billion in real estate assets through various transaction structures, TriGate manages four fully discretionary real estate funds, demonstrating its expertise in real estate operations, debt restructuring and asset selection. The company's experienced team leverages its extensive knowledge to navigate different stages of the real estate investment cycle, making TriGate a trusted partner in the industry.

Mazaheri Properties, established in 1987, is a renowned real estate firm specializing in the acquisition and management of premium properties in prime locations. With a diverse portfolio encompassing commercial, medical buildings, NNN tenants and build-to-suit projects, the company leverages its extensive experience and sterling reputation to shape the communities of tomorrow.