Bain Capital and 11North Partners have acquired three open-air, lifestyle retail centers in Oklahoma City for approximately $212 million.
The private transaction was completed via an exclusive joint venture between Bain Capital Real Estate and 11North that focuses on acquiring and operating open-air retail centers throughout the United States and Canada.
Located in the affluent and growing Nichols Hills submarket of Oklahoma City, the portfolio includes Nichols Hills Plaza, The Triangle at Classen Curve, and Classen Curve, which comprise nearly 40 acres of high-performing open-air lifestyle centers with occupancy rates exceeding 97 percent. The properties are recognized as the choice for national retailers seeking to enter the market and are among the most frequented neighborhood centers in the state. The three centers are anchored by Whole Foods and Trader Joe’s, and complemented by more than 50 unique-to-market tenants, including Lululemon, Warby Parker, West
