Shepherd Mall owner files for Chapter 11 bankruptcy
September 11, 2008

OKLAHOMA CITY – VTA Oklahoma City LLC, the owner of Shepherd Mall, filed for Chapter 11 bankruptcy reorganization Wednesday.

VTA paid $48.5 million for the mall in June of 2005. The bankruptcy petition lists estimated assets at a range of $50 million to $100 million, with $10 million to $50 million in liabilities.

The mall covers more than 636,000 square feet.

VTA’s Dallas attorney was not immediately available for comment.

The business’s bankruptcy creditor matrix lists more than 200 creditors.

The largest of its unsecured creditor claims include $44,580 owed to OG&E and $53,000 to Affordable Asphalt and Concrete.

The mall was built in 1964. It sits on about 45 acres.

It was the first enclosed retail mall in Oklahoma City, but has housed mainly government agency tenants in recent years.

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