OKLAHOMA CITY, Okla.–GBT Realty Corp. is undercontract to purchase 80 acres in Oklahoma City to develop the $50million The Market at Czech Hall, a regionalneighborhood center situated in one of Oklahoma's fastest growingsuburban communities. Site work on the 450,000-square-foot retaildevelopment will begin immediately upon the acquisition of theland, expected this spring. The development is slated to openspring 2016.

“The strength of the Oklahoma City marketplace and its betterthan national average population growth and unemployment rates arejust a couple of the solid real estate fundamentals that make thissite ideal for development and our retail partners,” saysGeorge Tomlin, president and CEO of GBT Realty.“And being located in the fastest growing area of Oklahoma, it's nosurprise that the Yukon area is home to some of the top producingretail stores in the region including Target, Lowe's HomeImprovement, Kohl's, Hobby Lobby and other national retailers andrestaurants.”

GBT Realty has developed 1.8 million square feet of retail inOklahoma and Texas since 2010 with three additional developmentsites planned in Bartlesville, Okla.; Austin; and Frisco.