Phillip Mazaheri Of Price Edwards & Company Represents Buyer In $82.2M University Town Center Sale In Norman

The property asset involved in the transaction is University Town Center, a retail power center located at 1400 24th Avenue Northwest, Norman, OK. The sale was completed for a total amount of $82,200,000. This center encompasses a total of 416,766 square feet and is leased to various tenants, including Academy Sports + Outdoors, Kohl’s, Ulta Beauty, T.J. Maxx, HomeGoods, Michaels, DSW, Petco, and Office Depot, achieving a lease occupancy rate of 99%.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $82,200,000
• Sale Date: 05/20/2026
• Address: 1400 24th Avenue Northwest
• Market: Norman, OK
• Square Footage: 416,766
• Price Per Square Foot: $197
• Buyer's Representative: Phillip Mazaheri - Price Edwards & Company
• Seller's Representative: David Disney - Disney Investment Group

Phillip Mazaheri represented the buyer in this transaction, ensuring all buyer interests were met throughout the negotiation process. David Disney, representing the seller, facilitated the sale and was instrumental in engaging potential buyers to finalize the deal.