FOR IMMEDIATE RELEASE

Raptor Properties Acquires Dillard's Building, Kicks off Project Crossroads
OKLAHOMA CITY, Oklahoma (March 27, 2013) - Raptor Properties, LLC has purchased what was once Dillard's department store on Tuesday as a part of their plans for bringing Crossroads Mall back as an Oklahoma City destination.

The Dillard's property includes the 3-level, 194,538-square-foot building located on the south-side of the main mall building as well as the adjoining parking lot. Trustmark Title handled the closing. Demolition of the interior of the building is expected to begin late next week.
Since investors Mike Dillard and Roddy Bates purchased the Crossroads Property in 2011, they have been formulating a plan based on successful mall revitalizations in other markets. The project has officially kicked off and will culminate in an announcement on April 24th at 4:00pm, center court of the mall to announce the new name of the center along with architectural renderings, new tenants and more detailed plans for the property.

“After extensive research and due diligence, we are very excited and confident about the new direction we are planning for Crossroads Mall. After garnering much support from our local and state leaders, we look forward to revealing our new partner and the redevelopment plan we have implemented,” Bates said.

The focus will now be on implementing the new vision for the mall, and getting information out to the public as soon as possible.