(For more retail coverage, click GlobeSt.com/RETAIL.)

TULSA, OK-In a $17.5-million direct deal, an Indianapolis-based retail developer has made its first buy in the city, getting the 126,316-sf Midtown Village from Worth Williams Properties of Dallas. The plan is to expand the shopping center to 244,000 sf, including pad sites.

Sandor Development Co. acquired the 66%-leased center, situated on 23 acres at 5200 E. Skelly Dr., for its potential, according to Joshua Simon, senior development associate in the firm’s Scottsdale, AZ office. “There have been some leasing issues presented because of the construction project along I-44, but we thought it would be a unique opportunity to jump into the Tulsa market,” he tells GlobeSt.com. “This is a rare opportunity to buy an infill site with so much potential.” The asset neighbors Riverview Mall.

The center’s tenants are Best Buy and Bed Bath & Beyond. Simon tells GlobeSt.com that Sandor’s team is working on additional leases for junior anchors and other retailers in the soft goods and restaurant lines. He expects to get several contracts signed within 60 to 90 days.

Simon says there are no immediate plans to develop spec space right now. “It depends on how leasing goes, but we’re confident we’ll be able to break ground on some kind of expansion next year,” he says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.