April 28th, 2011
Investment
AB AB, Inc. is increasing its presence in the Midwest City market by expanding its ownership of Heritage Park Mall, located at the intersection of Air Depot Boulevard and Reno Avenue, with the purchase of an additional 213,280 square feet.
This purchase brings AB AB, Inc.’s total ownership in the mall to 346,340 square feet with approximately 27.74 acres total of land. Plans to renovate the building include roof repairs and securing the building due a casualty that occurred to the property while under contract.
The purchase price was $1,300,000 at a discounted rate of $6.10 per square foot. Phillip Mazaheri of Price Edwards & Company represented the buyer in the transaction.
