Bain Capital and 11North Partners have acquired three high-performing open-air retail centers in Oklahoma City for approximately $212 million, aimed at capitalizing on the growing demand for essential retail spaces.

Target Information

Bain Capital and 11North Partners have recently acquired three open-air lifestyle retail centers in Oklahoma City for approximately $212 million. This private transaction was completed through a strategic joint venture between Bain Capital Real Estate and 11North, both of which are focused on acquiring and managing open-air retail centers across the United States and Canada. The portfolio includes notable properties such as Nichols Hills Plaza, The Triangle at Classen Curve, and Classen Curve, representing nearly 40 acres of high-performing retail space with occupancy rates exceeding 97%.

These retail centers are strategically located in the affluent Nichols Hills submarket, making them attractive to national retailers seeking entry into the Oklahoma City market. Anchored by major brands like Whole Foods and Trader Joe’s, the centers boast over 50 unique tenants, including Lululemon, Warby Parker, and Sephora. Their proximity to key employers, such as Integris Baptist Medical Center and Chesapeake Energy Headquarters, further enhances their appeal as essential shopping destinations.

Industry Overview in Oklahoma City

The retail sector in Oklahoma City has shown resilience and adaptability amidst changing consumer behaviors and economic conditions. As one of the fastest-growing metropolitan areas in the U.S., Oklahoma City has ex