The 20.2 acre Cornerstone Crossing at 106th and south Memorial site was recently sold by the Expert Companies to a group of local Tulsa investors led by Mike Sitton. Susan Brinkley with Price Edwards represented the seller in the transaction.
The sale did not include the adjacent parcels that are part of the development that are the future sites of a Lifetime Fitness and a Wyndam Hotel. The development was originally planned to be a high-end retail development as it sits in the heart of one of the best demographic areas of Oklahoma.
The buyers have not announced specified plans for the property but it is believed that it will remain retail in one form or another. Lifetime Fitness still plans to open their upscale fitness concept on their land, but the start of construction has been delayed due to the economic downturn.
