
Originally Posted by
Midtowner
A sale from foreclosure will result in a sale... the question is: to whom?
I think Penn Square in the long run is pretty well fixed up to be the premiere retail space in Central Oklahoma. The worst that can happen is a short-term downturn in investment. Even if the mall gets a little run down, the stores will most likely be the same and they'll most likely be pretty nice.
The saving grace is that these sort of stores really don't have anywhere comparable to go so if they want to remain in this market, Penn Square is where they'll stay.
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