Birmingham-based commercial real estate firm expands national footprint
BIRMINGHAM, Al. (Dec. 3, 2018) – Birmingham-based commercial real estate firm Bayer Properties has been engaged by Medallion Group for pre-development and leasing services at Chisholm Creek, a 190-acre mixed-use development in Oklahoma City, Oklahoma. Bayer Properties will lead planning for the retail main street component.
Developed by Oklahoma City-based Medallion Group, Chisholm Creek is Oklahoma City’s first pedestrian-friendly mixed-use destination. The retail development is anchored by Top Golf, iFly Skydiving and Cabela’s. There are 28 retail, dining and recreational tenants operating, with additional brands slated to open in the coming months. Medallion, in partnership with Bayer Properties, will refine plans for Chisholm Creek’s remaining uses, including Class A office space, luxury apartments, a hotel, an amphitheater, a boutique cinema, a food hall, a regional park and a state-of-the-art hospital.
“Chisholm Creek is positioned to become one of Oklahoma City’s greatest attractions, a place where the community can gather and enjoy an eclectic mix of experiences at one dynamic, connected location,” said Libby Lassiter, executive vice president of development and leasing at Bayer Properties.
“We selected Bayer Properties based on the firm’s expertise in creating successful experiential projects as evidenced by its most recent development, The Summit at Fritz Farm in Lexington, Kentucky,” said Whitney Rainbolt, Chief Marketing Officer from Medallion Group. “Bayer’s development and leasing teams have a proven track record for creating destinations that are woven into the fabric of the community and recruiting unique-to-market tenants.”
Oklahoma City is one of the fastest growing cities in the U.S., with a population of more than 1.3 million and was recently ranked on Wallethub’s 2018 list of “Best Large Cities to Start a Business.” Since 2000, retail vacancy has been just 5 percent, demonstrating a need for Chisholm Creek.
“We are excited to expand our national footprint and apply our learnings from The Summit at Fritz Farm to this development, which has the potential to be a one-of-a-kind destination that resonates with the local community,” said Lassiter. “We know that a mixed-use project, if executed correctly, is more than the sum of its parts. Chisholm Creek will become a special place where the people of Oklahoma City want to spend time.”
For more information about Bayer Properties, visit: http://www.bayerproperties.com/
About Bayer Properties
Birmingham, Alabama-based Bayer Properties LLC specializes in developing, leasing, managing and marketing mixed-use real estate properties nationwide. Bayer Properties currently owns and/or operates retail and office properties totaling approximately 10 million square feet, including The Summit in Birmingham, Alabama, Mount Pleasant Towne Centre in Mount Pleasant, South Carolina, The Summit in Reno, Nevada, and The Summit at Fritz Farm in Lexington, Kentucky. For more information, visit bayerproperties.com.