Bain Capital Real Estate and 11North Partners have acquired a $212 million portfolio of high-performing open-air lifestyle retail centers in Oklahoma City.

Target Information

Bain Capital Real Estate and 11North Partners have jointly acquired a portfolio of open-air lifestyle retail centers in Oklahoma City, valued at $212 million. This off-market deal encompasses prestigious properties including Nichols Hills Plaza, The Triangle at Classen Curve, and Classen Curve, covering nearly 40 acres in the affluent Nichols Hills submarket.

With an impressive occupancy rate exceeding 97%, these centers are anchored by prominent retailers such as Whole Foods and Trader Joe’s. They also feature over 50 unique-to-market tenants, including Lululemon, Warby Parker, Sephora, Anthropologie, and West Elm. Located in proximity to major employers like Integris Baptist Medical Center and Chesapeake Energy Headquarters, these assets are deemed some of the most frequented neighborhood retail hubs in Oklahoma.

Industry Overview

The retail sector in Oklahoma City has demonstrated resilience, particularly within lifestyle-oriented open-air markets. As consumer preferences continue to shift towards experiential shopping and outdoor e