A Dallas-based investor has scooped up Quailbrook Plaza, the single-story shopping center at 4401 W. Memorial Road in northwest Oklahoma City, in a $14 million deal that shifts the property from local to out-of-state hands. The 88,538-square-foot center was sold by Mazaheri Properties to Head Capital Partners in a transaction announced this month.
According to CoStar, Head Capital Partners acquired Quailbrook Plaza from Mazaheri Properties for $14 million, and the property totals roughly 88,538 square feet. CoStar’s reporting identifies the buyer, the seller, and the center’s size.
Before the sale, Quailbrook Plaza had been marketed by Price Edwards & Company. Listing materials on LoopNet showed a previous asking price near $15.8 million, about 20 units and roughly 87 to 88 percent occupancy, along with a roster that includes long-standing medical tenants.
Per its website, Head Capital Partners is a Dallas-based firm that focuses on multi-tenant retail and value-add acquisitions, a strategy that lines up neatly with this purchase. The firm has been active in suburban shopping-center deals in recent years, according to coverage in The Real Deal.
Why the Memorial Corridor Matters
Quailbrook sits on the busy Memorial corridor near Quail Springs Mall and several medical campuses, a pocket of northwest Oklahoma City that brokers say delivers steady daytime traffic and a dependable stream of patient-related visits. Offering materials cited by Price Edwards & Company list vehicle counts above 100,000 per day and indicate that Mercy Health occupies a large share of the center’s gross leasable area.
What Comes Next
Industry research shows continued investor appetite for grocery- and medical-anchored neighborhood retail, a trend that helps support pricing for centers like Quailbrook Plaza. Against that backdrop, Head Capital Partners may look to steady existing leases and pursue targeted leasing or smaller capital upgrades to bump income, in line with market insights from Matthews.
