The City of Lawton has completed an agreement to buy Central Mall to house defense contractors.

The agreement calls for a lease between they City of Lawton and the FISTA (FIRES Innovation Science and Technology Accelerator) that will be located in various parts of Central Mall, beginning with the old Sears store on the west end.

The City bought the mall from Kohan Retail Investment Group for $14.6 million. The 25-year lease will begin today. 

The FISTA will be run by the FISTA Trust Authority.

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