Greater Oklahoma City is in the geographic center of North America equidistant from the east and west coasts and major trade partners of Canada and Mexico. The ten county region is at the crossroads of the U.S., sitting at the heart of three major national highways on the NAFTA corridor.
There's a reason Greater Oklahoma City is such a great place for business: Location. The ten county region is positioned within a day's drive of the rapidly-growing south-central region (OK, TX, AR, LA) projected to grow more than 44% during the next 25 years.
Oklahoma City's economy continues to make gains as OKC moves up two spots to number 11 on Juju.com's "Job Search Difficulty Index," which compares BLS unemployment statistics to posted job opportunities online.
(December 31, 2009)
by Pamela A. Grady
Fast-food retailer Jack in the Box said Oct. 22 it is planning to expand its presence in the Oklahoma market by opening four Oklahoma City-area corporately owned locations along with two in the Tulsa area.
Jack in the Box has slowly entered the Oklahoma market during the past six years with three franchise locations in Ardmore, Ada and Durant.
The Oklahoma City-area locations Jack in the Box officials confirmed will include:
Moore: SW 19th and Fritts Blvd.
Midwest City: SE 29th and Air Depot Blvd.
Norman: 12th Ave. and Main St. and 24th Ave. and Robinson St.
In early October, Jack in the Box purchased a former car wash facility at 615 12th Ave. at the northeast corner of Main St. and 12th Ave. in Norman from N3 LLC for $807,500. The retailer plans to demolish the car wash and build a standalone prototype on site.
Brian Donahue, Mark Inman and Stuart Graham with CB Richard Ellis/Oklahoma handled negotiations for the Norman transaction.
Donahue, who represented Jack in the Box, said the fast-food retailer has actually been looking at properties in the Oklahoma market for several years. However, in 2005, the retailer put a hold on its search due to the large amount of fast food facilities in the market. Recently, the retailer has once again been eyeing the Oklahoma City market hoping to bring in five to six additional locations to the metro area.
"In the past year, we've been lining up sites for them," Donahue said.
Norman patrons will have to wait a while to get their 99-cent tacos. Donahue says Jack in the Box has a few other deals in the pipeline that they would like to close the deal on.
"They've got one location in particular that they're trying to finalize and close on," Donahue said. "When they close that deal, they plan to open that location first."
As for the Tulsa restaurant site, Donahue says building permits have already been approved and patrons may see an opening within the next six to nine months.
The retailer paid $610,000 for land at West Kenosha Street and Aspen Avenue in Broken Arrow earlier this fall.
The Tulsa locations will be at 41st and Highway 169 and the other at South Yale Avenue and Interstate 44.