OKC Outlets

OKC Outlets is an outlet shopping center in Oklahoma City, Oklahoma. The property opened on August 5, 2011, under the name The Outlet Shoppes at Oklahoma City after a development process that was delayed by the economic recession of 2008. The project was initially proposed for an earlier opening, reportedly by November 2009, but plans were placed on hold as financing and retail construction conditions deteriorated. Development resumed with construction beginning in July 2010. The center was developed by Horizon Group Properties and CBL & Associates Properties. Its development represented a substantial retail investment for Oklahoma City during a period when new shopping-center construction across the United States was relatively subdued. The total development cost was reported at $50 million, including infrastructure work. The city of Oklahoma City contributed $3.9 million toward infrastructure improvements associated with the project. At approximately 394,661 square feet, the center became a significant outlet-retail destination in the metropolitan area and one of the larger properties in the portfolio of its later owner, Singerman Real Estate. The center’s business model is based on outlet and value-oriented retail rather than the conventional department-store format of an enclosed regional mall. Its tenant mix is intended to attract shoppers seeking branded merchandise, seasonal goods, apparel, accessories, footwear, home products, and other consumer categories at outlet pricing. The property serves residents of the Oklahoma City area as well as visitors traveling through central Oklahoma, although the available reference material does not establish a more specific geographic catchment or a complete tenant roster. On May 1, 2017, Singerman Real Estate announced that it had acquired the property from Horizon Group Properties and CBL & Associates Properties for $130 million. On May 22, 2017, the shopping center adopted the name OKC Outlets. The renaming marked the property’s transition under new ownership and gave it a shorter, geographically explicit identity. It remains an operating outlet center in Oklahoma City. Detailed information about current tenants, management, occupancy, financial performance, and later redevelopment is not established by the supplied reference material.

OKC Outlets originated as a planned outlet-retail development in Oklahoma City. The project was associated with Horizon Group Properties and CBL & Associates Properties, which proposed a center intended to expand the city’s retail offering with an outlet format. The original schedule contemplated an opening by November 2009, but the project was delayed when the economic recession of 2008 weakened commercial real-estate conditions and caused the plans to be put on hold. Development restarted in 2010, with construction beginning in July of that year. The project required a reported $50 million in total development expenditure. The city of Oklahoma City provided $3.9 million for infrastructure improvements connected with the development. The investment was notable because it occurred during a period of limited new retail construction nationwide; the project was described in the reference material as the largest retail investment of 2010, despite that year’s generally weak retail-development environment. The center opened on August 5, 2011, as The Outlet Shoppes at Oklahoma City. At roughly 394,661 square feet, it was a sizable outlet property serving Oklahoma City and the surrounding region. Unlike a traditional enclosed shopping mall anchored by department stores, the center’s format emphasized outlet stores and discounted branded merchandise. Its commercial purpose was to combine destination shopping with value-oriented retail across categories such as clothing, footwear, accessories, home-related merchandise, and seasonal goods. The supplied sources do not provide a complete opening tenant list or detailed operating history. A major ownership change occurred in 2017. On May 1, Singerman Real Estate announced that it had purchased the property from Horizon Group Properties and CBL & Associates Properties for $130 million. The transaction placed the center among the larger malls owned by Singerman Real Estate. On May 22, the property was renamed OKC Outlets. The new name shortened the former title while retaining a direct reference to Oklahoma City and the center’s outlet format. The available reference material establishes the property’s development, opening, ownership transfer, and rebranding, but does not document later changes to its tenant mix, physical footprint, management structure, or financial performance. Accordingly, the center is best characterized as an active Oklahoma City outlet-shopping property whose principal documented turning points were its recession-related delay, 2011 opening, 2017 acquisition, and subsequent renaming.

• 2017

  Singerman Real Estate acquires the property

  [1]OKC Outletsen.wikipedia.org

  Singerman Real Estate announced on May 1 that it had acquired the center from Horizon Group Properties and CBL & Associates Properties.

• 2017

  Property renamed OKC Outlets

  [1]OKC Outletsen.wikipedia.org

  The center adopted the OKC Outlets name on May 22.

• 2011

  Shopping center opens

  [1]OKC Outletsen.wikipedia.org

  The property opened on August 5, 2011, as The Outlet Shoppes at Oklahoma City.

• 2010

  Construction begins

  [1]OKC Outletsen.wikipedia.org

  Construction of the outlet center began in July 2010 after the project resumed.

• 2009

  Original opening target was delayed

  [1]OKC Outletsen.wikipedia.org

  The project was proposed to open by November 2009, but development was put on hold amid the economic recession of 2008.

A regional outlet-shopping destination focused on branded and value-oriented merchandise in the Oklahoma City market.

• Retail property · 2011

  Outlet shopping center

  The principal offering is a large outlet-shopping environment in Oklahoma City. The approximately 394,661-square-foot property is designed for value-oriented retail, bringing together outlet stores and branded merchandise across consumer categories. Its format is distinct from a conventional enclosed mall and is oriented toward shoppers seeking promotional pricing and destination retail.

• 2017

  Sale of the outlet center to Singerman Real EstateM&A

  Background

  The property had been developed and owned by Horizon Group Properties and CBL & Associates Properties. In 2017, Singerman Real Estate announced that it would acquire the center.

  Action taken

  Singerman Real Estate purchased the outlet mall for $130 million, with the transaction announced on May 1, 2017.

  Aftermath

  The property became part of Singerman Real Estate’s mall portfolio and was renamed OKC Outlets later that month.

  Reported acquisition price. $130 million (2017)

  Source

• 2017

  Rebranding as OKC OutletsStrategy

  Background

  Following its acquisition by Singerman Real Estate, the center moved from the longer name The Outlet Shoppes at Oklahoma City to a shorter local-market identity.

  Action taken

  The property was renamed OKC Outlets on May 22, 2017.

  Aftermath

  The new name emphasized both the Oklahoma City location and the outlet-shopping format.

  Source

• 2017

  Singerman Real Estate acquires the Oklahoma City outlet center[1]OKC Outletsen.wikipedia.org

  M&A

  Singerman Real Estate announced the acquisition of the outlet mall from Horizon Group Properties and CBL & Associates Properties for $130 million.

• 2017

  The Outlet Shoppes at Oklahoma City is renamed OKC Outlets[1]OKC Outletsen.wikipedia.org

  Other

  Following the change in ownership, the shopping center adopted the OKC Outlets name on May 22, 2017.

1. 1OKC Outletsen.wikipedia.org
2. 2Horizon Group Properties: Oklahoma City centerhorizongroup.com