Deleware Property Purchased for Retail Development

Tulsa developer Bob Lemons dba 9200 Delaware LLC has purchased a 9-acre tract of land at 9220 South Delaware Ave. from Matthew A P Schumaker, successor trustee of the EJ Burke Jr. and Mary Ann Burke Revocable Living Trust, for $2.7 million and plans to erect a restaurant and retail development on the site.
The development, to be known as 9200 Delaware, will feature 48,000 SF of commercial space, including a 20,000 SF retail center and five restaurant pad sites ranging in size from 1.11-1.45 acres. Preliminary plans show as much as 28,000 SF devoted to restaurant space.
The development, which will sit on the west side of South Delaware Avenue, will feature a east-west running, landscaped and tree lined boulevard running into a bricked cul-de-sac.
Bob Grant, SIOR of Whiteside & Grant and Jeff Scott with Scott Realty represented the seller. Marco Placencia, CCIM, SIOR, with Equitas Realty Advisors represented the buyer. Equitas Realty Advisors will handle the marketing of the lots.

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