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
$212,000,000
Building Size
—
Asset Type
Retail
Closing
Jun 25, 2025
AI
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
Nichols Hills Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93