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Martha Kelley Of Bain Capital Real Estate And Brian Harper Of 11North Partners Acquire Retail Centers In Oklahoma City For $212M

Property Image
SOLD
$212,000,000

Oklahoma

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Retail
Sold 06/25/2025
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Property Image
SOLD

Martha Kelley Of Bain Capital Real Estate And Brian Harper Of 11North Partners Acquire Retail Centers In Oklahoma City For $212M

6421 Avondale Drive, 5825 Northwest Grand Boulevard & 6001 North Western Avenue

See Similar Deals
Retail
Sold 06/25/2025
the dealplayerscompscontact
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Summary

OKLAHOMA
Asset Type:Retail
Transaction Type:Sale

The property involved in this transaction comprises three high-occupancy, open-air retail centers located at 6421 Avondale Drive, 5825 Northwest Grand Boulevard, and 6001 North Western Avenue in the Nichols Hills & Oklahoma City, OK market. The sale was executed for $212,000,000, and the asset type is categorized as retail.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $212,000,000
  • Buyer: Martha Kelley - Bain Capital Real Estate & Brian Harper - 11North Partners
  • Market: Nichols Hills & Oklahoma City, OK
  • Anchors: Whole Foods and Trader Joe’s

Martha Kelley represents Bain Capital Real Estate while Brian Harper represents 11North Partners in this transaction, showcasing a collaboration between these investment firms in acquiring resilient, community-focused retail assets in a strong demographic market.

Players

Brian Harper
11North Partners
Brian Harper
7 deals$1.1B volume
BUYER
Bain Capital
Bain Capital
BUYER
Bain Capital
Bain Capital
BUYER
11North Partners
11North Partners
BUYER

Details

SOLD
IMAGE: 06/25/2025 ADDRESS: 6421 Avondale Drive, 5825 Northwest Grand Boulevard & 6001 North Western Avenue MARKET: Nichols Hills & Oklahoma City, OK ASSET TYPE: Retail BUYER: Martha Kelley - Bain Capital Real Estate & Brian Harper - 11North Partners SALE PRICE: $212,000,000 NOTE: Bain Capital Real Estate and 11North Partners acquired three high-occupancy, open-air retail centers in Oklahoma City for about $212 million, anchored by Whole Foods and Trader Joe’s. The deal reflects rising investor confidence in resilient, community-focused retail assets in a strong demographic market.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$11,306,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$753,191.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,004,988.16
Annual Debt Service$12,059,857.89