TULSA, Okla. (AP) — A New York City-based real estate investment company has purchased Southroads Mall in midtown Tulsa.
The Tulsa World reports that American Realty Capital has purchased the shopping center from Southroads LLC for $57.8 million. Southroads LLC is managed by Mark Morgan, who is president of MD Management Group of Mission, Kansas.
The 27-acre, 41,4731-square-foot property includes Reasor's, Barnes & Noble, Petco and other stores. It also includes the still-vacant former location of Circuit City.
The mall opened in 1967 and was Tulsa's first fully enclosed mall. It was renovated into an outdoor shopping center with the conversion completed in 1997.
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