The Norman Transcript

Business

March 31, 2013

business briefs

NORMAN — First State

Bank customer

appreciation day

First State Bank will host an all-day customer appreciation celebration Friday April 5 from 9 a.m. to 5 p.m. Free packets of flower seeds, door prizes, refreshments and other giveaways will be available while supplies last at both the 102 N. Main, Noble location and the Norman branch at 1600 W. Lindsey. The annual Spring Fling event is free and is open to everyone.

Commercial

realty sale

Judy J. Hatfield, CCIM of Equity Commercial Realty, LLC was the listing broker and Doug Miller, Doug Miller & Associates, was the selling broker for the sale of South Classen Industrial Park 2, Lot 1, Block 1, Norman. The property was purchased for $230,000 by Chickasaw Holding Company, An Oklahoma Corporation and will be a showroom, office and have two bays for installations of their two way radio business. The seller was 323 East Mosier Limited Partnership, an Oklahoma Limited Partnership. Rhonda Collett with Cleveland County Abstract Company was the closing agent.

Crossroads Mall fights to come back

Raptor Properties, LLC has purchased what was once Dillard’s department store as a part of plans for bringing Crossroads Mall back as an Oklahoma City destination. The Dillard’s property includes the 3-level, 194,538-square-foot building located on the south-side of the main mall building as well as the adjoining parking lot.  Trustmark Title handled the closing. Demolition of the interior of the building is expected to begin late next week.

Since investors Mike Dillard and Roddy Bates purchased the Crossroads Property in 2011, they have been formulating a plan based on successful mall revitalizations in other markets. The project has officially kicked off and will culminate in an announcement on April 24 at 4 p.m., center court of the mall to announce the new name of the center along with architectural renderings, new tenants and more detailed plans for the property.

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