Oakway Center

What Oakway Center does

Oakway Center is a luxury lifestyle shopping complex located in Eugene, Oregon, owned and operated by McKay Investment Company, LLC, a family-owned real estate investment firm that has held the property since its original acquisition in 1962. The asset originally opened as Oakway Mall in 1966 and was rebranded as Oakway Center in 1998 during a major expansion that added anchor tenants including Starbucks, Old Navy, Trader Joe's, and Bed Bath & Beyond. Today the property aggregates 58+ retail, dining, and lifestyle-service tenants, including national brands such as Trader Joe's, REI, Nordstrom Rack, Sephora, lululemon, and Starbucks, alongside hospitality (Hyatt Place), fitness (Orange Theory, Barre3), and wellness concepts, with additional F&B curated around the on-site Heritage Courtyard.

The underlying "product" is the physical retail real estate itself, comprising original structures plus post-1998 redevelopment that demolished and remodeled 18 of 23 original buildings between 1998 and 2002. The business generates revenue through commercial lease agreements with its diversified tenant base, supplemented by percentage-rent and common-area maintenance recoveries typical of open-air lifestyle centers. Tenant fit-out, signage investments, and the 60+ year operating history create real switching frictions that support occupancy stability. Operations are run with a lean team of 1-10 employees, consistent with third-party-managed or family-operated property management, rather than direct retail operations.

Name

Oakway Center

Legal name

McKay Investment Company, LLC

Website

https://oakwaycenter.com

Company type

Private

Founded year

1962

Operating status

Operating

Headcount range

1–10 employees

Short description

Oakway Center is a luxury lifestyle shopping complex in Eugene, Oregon, owned by McKay Investment Company since 1962, featuring 58+ retail, dining, and lifestyle tenants serving the Eugene-Springfield metro area.

Ownership category

akta.pro rank

Headquarters

HQ city

Eugene

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Marketing or Sales, Personnel, Infrastructure

Revenue model

1. Commercial Tenant Leases: Oakway Center generates revenue through leasing retail, dining, service, medical, and office space to tenants. The property owner (McKay Investment Company) collects rent from the various businesses operating within the center.

Distribution channels2 records

Marketing channels5 records

Core offering

Oakway Center is a luxury shopping and lifestyle complex in Eugene, Oregon that leases physical retail, dining, lifestyle service, medical, and office space to a mix of local and national tenants. The property owner (McKay Investment Company) manages the 58+ storefronts and curates community events such as the Music in the Courtyard series in the Heritage Courtyard.

Product overview

Oakway Center is a premier shopping and lifestyle center in Eugene, Oregon, featuring a diverse mix of retail stores, dining establishments, health and fitness services, and business offices. The center is organized into several categories: Shopping (apparel, shoes, activewear, beauty, electronics, home decor, jewelry, gifts), Dining (restaurants, cafes, bars), Lifestyle Services (hair and spa, health and fitness, hospitality), and a Business Center (professional services including financial advisors, real estate, medical, and office tenants). The center spans 58 locations and hosts regular community events in the Heritage Courtyard, including the Music in the Courtyard summer concert series.

Differentiator

Problem solved

Functional benefit

Named customers16 records

Segments4 records

Ideal customer profiles3 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves10 records

Expansion highlights4 records

Direct peers

• The Streets at Southpoint: Open-air lifestyle center in Durham, NC with a comparable mix of national retailers, dining, and entertainment. Comparable as a lifestyle-format regional shopping destination.
• Santana Row: Upscale mixed-use lifestyle center in San Jose, California combining retail, dining, residential, and office. Comparable as a curated, experience-led lifestyle property commanding premium rents.
• Valley River Center: The primary enclosed regional mall competitor in Eugene, Oregon, serving the same consumer base as Oakway Center with a similar mix of national retail and dining tenants. Most directly comparable by geography and tenant overlap.
• Easton Town Center: Open-air lifestyle center in Columbus, Ohio that pioneered the experiential, mixed-use retail-entertainment format. Comparable as a higher-end lifestyle property with dining, retail, and entertainment mix.
• Gateway Mall (Springfield, OR): Adjacent-metro regional mall in Springfield, Oregon competing for the same Eugene-Springfield shopper and tenant pool, with overlapping national retail tenants and dining offerings.

Broad incumbents

• Simon Property Group: Largest publicly traded U.S. mall and lifestyle center REIT. Comparable as a broad incumbent owner-operator of regional shopping centers at scale, with overlap in tenant relationships and leasing economics.
• Tanger Inc. Public REIT specializing in upscale outlet and open-air shopping centers. Comparable as a publicly traded peer providing capital-markets valuation reference for private lifestyle/outdoor retail formats.
• Brookfield Properties: Major owner-operator of retail, office, and mixed-use properties including lifestyle centers. Comparable as a large-scale property operator with similar tenant relationships and asset-management approach.
• Macerich: REIT focused on high-quality regional malls and lifestyle centers in top U.S. markets. Comparable as a portfolio owner of properties serving similar retailer demand profiles.

Emerging players

• Cedar Shopping Centers (now part of Phillips Edison): Operator of community shopping centers anchored by grocery and necessity-based tenants. Comparable as a peer focusing on smaller-format open-air centers with grocery-anchored tenant strategies.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/profile.php?id=100063247179582
• Instagraminstagram.com/oakwaycenter
• LinkedInlinkedin.com/company/mckay-investment-company-llc

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oakway Center