Experts: Local retail market in slight decline in Edmond

From the Edmond Sun Newspaper (2-7-09)

The Kelly Centre property, 610 S. Kelly, by Kelly Centre LLC. The 43,000-square-foot multi-tenant shopping center sold to Kelly Centre Properties LLC for $3.35 million.
Lee Bollinger, NAI Sullivan Group, handled the transaction for the seller and now manages the
leasing of the property. He said there currently are three to four spaces vacant in Kelly Centre.
“I get two to three calls a day on leasing the property,” he said. A few of the current tenants
include Bank of Nichols Hills, Critter Dome, Vu Fabric and Edmond Learning Academy.
Bollinger said the new owners are local and have been in the hotel and motel business. He said they plan to upgrade the property’s landscaping and redo signing. The owners also bought 4 acres of land behind Kelly Centre, which they hope to develop sometime in the future.

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