Oklahoma

BancFirst Completes Renovation of 507,038 SF Office Building in Oklahoma City

by Taylor Williams January 30, 2024

OKLAHOMA CITY — BancFirst has completed the renovation of its namesake tower in downtown Oklahoma City. Located at 1000 N. Broadway, BancFirst Tower is a 36-story, 507,038-square-foot building that was originally constructed in 1971. Renovations included modernizing the exterior public plaza and amenity spaces, including the lobby and underground concourse. Bockus Payne served as the architect of the project, which began in 2020. Other project partners included Wallace Engineering, Alvine Engineering and Smith Roberts Baldischwiler.

January 30, 2024

Leasing Activity Oklahoma Restaurant Retail Texas

Veritas Adds Three New Retailers at Oklahoma City Mixed-Use Development

by Taylor Williams November 8, 2023

OKLAHOMA CITY — Veritas Development has added three new retailers to the tenant roster at OAK, a 20-acre mixed-use project in Oklahoma City. Kitchenware and home furnishings retailer Williams Sonoma will open a 5,500-square-foot store. Tommy Bahama Marlin Bar will open an 8,000-square-foot restaurant and bar, and Pottery Barn has committed to a 12,420-square-foot space. The retailers, which join tenants such as Mesero, RH, Arhaus and Capital Grille, all plan to debut in fall 2024.

November 8, 2023

Leasing Activity Office Oklahoma Texas

CBRE Opens 9,891 SF Office at Santa Fe Crossings in Downtown Tulsa

by Taylor Williams November 2, 2023

TULSA, OKLA. — CBRE has opened a 9,891-square-foot office at Santa Fe Crossings, a located at 521 E. 2nd St. in downtown Tulsa. The Dallas-based real estate giant is relocating its Tulsa office from 1437 South Boulder Ave. to the seventh floor of the 134,978-square-foot building. The office is part of CBRE’s WorkPlace360 program and features various social spaces, several individual and group workspaces and a boardroom for large-format internal meetings or presentations with clients and visitors.

November 2, 2023

Acquisitions Multifamily Oklahoma Texas

Cushman & Wakefield Brokers Sale of 360-Unit Legend Park Apartments in Lawton, Oklahoma

by Taylor Williams October 25, 2023

LAWTON, OKLA. — Cushman & Wakefield has brokered the sale of Legend Park, a 360-unit apartment community in Lawton, located about 90 miles southwest of Oklahoma City. Built between 2010 and 2012, Legend Park offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, basketball court, dog park, business center, playground and outdoor grilling and dining areas. Martin Bynum, Craig Hey and Stephen Pestinger of Cushman & Wakefield represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

October 25, 2023

Development Loans Multifamily Oklahoma Texas

IPA Arranges $63M in Financing for Multifamily Conversion Project in Downtown Oklahoma City

by Taylor Williams October 17, 2023

OKLAHOMA CITY — Institutional Property Advisors (IPA), a division of Marcus of Millichap, has arranged $63 million in financing for a project that will convert two historic buildings in downtown Oklahoma City into a 265-unit apartment complex. The buildings were originally constructed in the early 1920s, and the new complex will be the known as The Harlow. Amenities will include a fitness center, game room, pet spa, coffee shop, coworking space, conference rooms, movie theater, bowling lanes and group meeting space. Todd McNeill and Sunny Sajnani of IPA arranged the financing, which included a $40.3 million senior construction loan and an undisclosed amount of federal and state historic tax credit equity. The borrower was Gardner Tanenbaum. A construction timeline was not disclosed.

October 17, 2023

Loans Multifamily Oklahoma Texas

RRA Capital Provides $20.6M Acquisition Loan for Oklahoma City Apartments

by Taylor Williams October 3, 2023

OKLAHOMA CITY — RRA Capital, a commercial bridge lender with offices in Phoenix and New York City, has provided a $20.6 million acquisition loan for a 252-unit apartment community in Oklahoma City. The property at 11239 Pennsylvania Ave. was built in the 1970s and offers one- and two-bedroom units. The borrower, GreenLite Holdings, plans to implement a value-add program that will upgrade the pool and clubhouse and install new appliances, flooring, lighting, plumbing and windows in the unit interiors. Bryan Liu and Bryan Mummaw of Northmarq arranged the debt.

October 3, 2023

Development Multifamily Oklahoma Texas

BLDP to Develop 182-Unit Multifamily Project in Broken Arrow, Oklahoma

by Taylor Williams October 3, 2023

BROKEN ARROW, OKLA. — Dallas-based developer Berkshire Lane Development Partners (BLDP) will build a 182-unit garden-style multifamily project in Broken Arrow, a southeastern suburb of Tulsa. Berkshire @1Eleven will offer one- and two-bedroom units with stainless steel appliances, quartz countertops, tile backsplashes and individual washers and dryers. Amenities will include a pool, fitness center, and open green space. The first units are expected to be available for occupancy in summer 2025.

October 3, 2023

Acquisitions Industrial Oklahoma Texas

CBRE Brokers Sale of 178,150 SF Industrial Building in Tulsa, Oklahoma

by Taylor Williams September 11, 2023

TULSA, OKLA. — CBRE has brokered the sale of a 178,150-square-foot industrial building in Tulsa. The single-story building was constructed on a 60-acre site in 2018 and features 25.6-foot clear heights and a 250-space parking lot. Matt Klimisch, David Glasgow, Alex Powell, Kurt Giller and Kerry Shields of CBRE represented the seller, Titan Sports & Performance Center LLC, in the transaction. Craft Capital LLC purchased the asset for $14.9 million.

September 11, 2023

Development Mixed-Use Oklahoma Texas

Gatehouse Capital Tops Out 132-Room Hotel at OAK Mixed-Use Project in Oklahoma City

by Taylor Williams August 8, 2023

OKLAHOMA CITY — Dallas-based Gatehouse Capital has topped out a 132-room boutique hotel that is part of Phase I of OAK, a 20-acre mixed-used project in Oklahoma City. The first phase also includes 135,000 square feet of retail and restaurant space, 320 apartments and a 7,000-square-foot central green space. Phase II will feature 100,000 square feet of office space and an additional 85,000 square feet of retail space. Full completion is slated for next September. Veritas Development is the master developer of OAK.

August 8, 2023

Development Industrial Oklahoma Texas

Safe & Green to Develop 1.1 MSF Manufacturing Facility in Durant, Oklahoma

by Taylor Williams August 3, 2023

DURANT OKLA. — Safe & Green Holding Corp. a designer and fabricator of modular structures, will develop a 1.1 million-square-foot manufacturing facility in Durant, located just north of the Oklahoma-Texas border. The site spans 114 acres on McLean Avenue. Approximately 120,000 square feet will be used for manufacturing, while the remaining space will support distribution, cold storage and other similar operations. The project team is currently in the design phase. A target completion date was not disclosed.

August 3, 2023

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