By Fox23.com News Staff
TULSA, Okla. — Tulsa’s Utica Square has been acquired by global real estate investment firm Northwood Investors LLC, the firm announced on Thursday.
Prior to this acquisition, Utica Square had been owned by Helmerich & Payne Inc. since 1964.
“Utica Square has been an important part of our company’s history and of the Tulsa community for many years,” says Chairman of the Board at H&P Hans Helmerich. “We are grateful for the generations of tenants, employees and visitors who helped make Utica Square the special place it is today. As we considered the future of the property, it was important to us to find a buyer with the experience and long-term perspective to continue its legacy. We believe Northwood is well positioned to serve as an excellent steward of Utica Square and support its continued success in the Tulsa community.”
“We feel very fortunate that the Helmerich family chose Northwood to carry on the legacy for what we feel is one of the most unique and idyllic retail assets in the United States,” said President of Northwood Retail LLC (“Northwood Retail”) Ward Kampf. “With a portfolio spanning coast to coast, we have a nationwide lens, and in Utica Square, we identified a rare opportunity to own a true Tulsa landmark with history, prestige, and deep community roots. We recognize the property’s special personality, driven by local operators, a garden-like atmosphere, longstanding traditions, and signature events. We plan to further enhance the project with improvements that honor the original architecture and mirror what the Helmerich family has created, while delivering new retailers that meet market needs and align with the neighborhood’s sought-after demographics. As a proud Oklahoman, I couldn’t be more pleased to step in as the next steward of Utica Square.”
For more information about Utica Square, click here.
