KMO Development Group, Inc.

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Industry: Land development

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Owasso Town Center in Owasso, Oklahoma

Owasso Town Center
Owasso, Oklahoma

The Situation

A significant landowner in a rapidly growing suburb was receiving calls from potential buyers, but was unable to decide what to sell or how a sale would impact the balance of the 40-acre tract. As a result, potential buyers were being scared off.

The Solution

After being retained as fee developer and listing broker for the entire property, KMO performed a market survey including interviews with interested parties, brokers, potential tenants, city officials, planners, zoning officials and the owner. KMO developed a master plan for the 40-acre tract focused on the market, along with the city’s and owner’s desires. Rather than wait on potential buyers and tenants to come at their own speed, KMO then implemented a unified marketing plan that attracted a medical facility, national grocery, 20,000-foot retail center (developed by KMO), gas station and two restaurants as tenants or buyers.

KMO managed the sale and leasing of all of the sites or spaces; the design, permitting and construction of all the necessary streets and utilities; the storm water management system; and all common-area utilities and amenities. KMO also managed documents, city and state approvals, budgets and the construction process to deliver a fully developed and occupied project.