Paul Ravencraft, a retail investment broker with Price Edwards & Company, handled the sale of Bradford Plaza to Bradford Plaza Capital Venture, LLC for Midland Loan Services. The buyer consists of local investor Rainey Williams and Texas investor, Morris Capital Group.
The 95,420 square foot center is located on Main Street and Hall of Fame and is situated on 10.41 acres. The center consists of tenants such as Old Navy, Sally Beauty, Famous Footwear, CATO, Hibbett Sports, CiCi’s Pizza among others. The property was developed by Raptor Properties, a local developer, in 2000 and sold to IPS Bradford Plaza LLC, a Colorado investment group, in 2003. Goodies vacated in 2008.
In December 2009, Jim Parrack, Sr. Vice President of Price Edwards & Company was appointed as receiver by the courts in Payne County. The buyer plans to backfill the Goodies space, stabilize the existing tenants, and implement some capital improvements.
Price Edwards & Company will remain as the property manager and leasing agent.
