A few details on the proposed sale of Classen Curve / Nichols Hills Plaza:
According to Glimcher Realty Trust's 4th quarter results:
In February 2014, the Company completed due diligence and has funds at risk related to a purchase agreement to acquire approximately 290,000 square feet of open-air retail properties in Oklahoma City, Oklahoma for $51.8 million. The purchase includes three contiguous retail properties and approximately 12 acres of undeveloped land. The retail properties include Nichols Hills Plaza, Classen Curve and The Triangle @ Classen Curve. The Company expects to close on the purchase in the first quarter of 2014.
According to News9:
Glimcher tells News 9 it is too early to be discussing new tenants just yet. However, a company spokesperson says people should not to be surprised to see names the Glimcher already partners with -- such as Nike, The North Face, Brooks Brothers, Crate & Barrel and Madewell.
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