Gateway Plaza
Midwest City, OK (OKC MSA)

Property Snapshot | Value-add neighborhood retail center in the Oklahoma City MSA anchored by national discount retailers and serving dense residential trade areas.

Acquired: 11/12/2025

Gateway Plaza is a 98,947-square-foot multi-tenant retail center located at 1300 Gateway Plaza in Midwest City, Oklahoma, within the Oklahoma City metropolitan area.

The center sits at a prominent, high-traffic intersection and was approximately 98% occupied at acquisition. Gateway Plaza is anchored by Ollie’s Bargain Outlet and Dollar Tree, with a mix of national and local tenants that provide daily-needs retail and service offerings to the surrounding community.

Criterion acquired the property with a value-add strategy focused on operational improvements and long-term income growth. Planned initiatives include targeted property upgrades, converting short-term tenants to longer-term leases, and aligning rents with market levels as leases renew.

The acquisition also included three outparcels that may be sold or developed separately over time. These parcels provide additional flexibility to enhance the property’s capital structure and improve overall investment performance.

Midwest City benefits from its proximity to downtown Oklahoma City and Tinker Air Force Base, one of the region’s largest employers. The surrounding residential density and established retail corridor continue to support strong demand for neighborhood-serving retail centers like Gateway Plaza.

Gateway Plaza reflects Criterion’s investment strategy of acquiring well-located retail properties with stable in-place occupancy and identifiable opportunities to improve long-term cash flow through disciplined asset management.

Criterion continues to pursue similar retail investment opportunities in growing metropolitan areas where durable tenant demand and active asset management can drive long-term value creation.