Newspaper article THE JOURNAL RECORD

Retail Expansion Expected to Focus More on Growth of Existing Businesses

Newspaper article THE JOURNAL RECORD

Retail Expansion Expected to Focus More on Growth of Existing Businesses

Article excerpt

Oklahoma City retail expansion will focus more on growing operations of existing businesses than bringing new companies into the market, according to local executives who attended a recent convention of retailers and real estate managers in Las Vegas.

Karleen Krywucki, director of major tenant leasing in the retail division of Price Edwards, said established retailers in Oklahoma City like Wal-Mart, Target and Walgreens, as well as fast-food restaurants, would likely drive new retail growth in the city this year. Krywucki did not see indications that retailers not already present in the Oklahoma City market were ready yet to locate here.

"As far as big, flashy new retailers, I don't see that this year," she said.

Louis Almaraz, executive vice president with Harrison Levy Co. in Oklahoma City, likewise said indications from the conference are that retail shopping center growth would come from already- established retailers here.

The two real estate executives were among thousands who attended the 2002 Spring Convention in Las Vegas of the International Council of Shopping Centers, which is billed as the largest event of its kind.

Among speakers at the event were H. Lee Scott Jr., president of Wal-Mart Stores of Bentonville, Ark., and Earvin "Magic" Johnson, founder of Magic Johnson Enterprises in Los Angeles.

FSB

Arthur Austin is the new director of operations for the architectural firm Frankfurt-Short-Bruza of Oklahoma City. Austin is a former U.S. Air Force officer and has 28 years of experience in architecture. For the last 10 years, he has served in positions including director of production and senior project manager. Together with FSB's three principals, Austin will oversee the day- to-day operations of the firm.

The company also has hired Roger Admison as senior civil engineer. He has more than 15 years of civil engineering experience, including projects involving drainage and storm water, water and sewer lines, and surveying and rights of way. …

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