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Oneok Plaza Sells for $92.80 per square foot, a reported $48,000,000.
Oneok Inc. announced Today that it has purchased Oneok Plaza, it’s current corporate headquarters. Oneok had about 52% of the building under lease with Southwestern Associates and RMZ Corp.
the 17-story building at 100 W. Fifth St. in downtown Tulsa that houses its corporate headquarters, for $48 million.
The Tulsa World reports… “With this investment, we are reinforcing our strong commitment to Tulsa and downtown,” said John W. Gibson, CEO of Oneok. “We’ve been an Oklahoma company for more than a century and a resident at this location since 1984. We look forward to our continuing role in downtown Tulsa’s bright future.”
More about Oneok Plaza
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Tagged: Office Buildings, Office space, Oneok Plaza, Tulsa
The Tulsa World reports that “Tulsa and Oklahoma City were two of only 18 cities to post decreases, according to a new report.
Both cities were two of only 18 in the survey that posted decreases in the number of foreclosures, said James Saccacio, CEO of RealtyTrac, in a release.
Tulsa World Article
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Mapco Plaza at 1717 S. Boulder has the 6th and 7th floors available (14,219 rsf per floor) available. Mapco Plaza features on-site property management/ownership, convenient free visitor parking lot, abundant free employee parking lots, a free executive parking garage.
Mapco Plaza offers competitive lease rates and generous TI allowances. The 6th and 7th floors feature 28 window line offices per floor with great views in all directions. Ideal for oil & gas firms, law offices, accounting firms or financial firms. See Mapco Plaza at Tulsaproperties.com.
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QuikTrip Corporation has announced it is buying the condemned Camelot Inn at I-44 and Peoria. This is great news for Tulsa as this property has long been a major eyesore near the entrance to the city. It should be QuikTrip’s 500th store when it’s completed. What an improvement it will be to have that property razed!
QuikTrip is not going to use the entire parcel acquired, so it’s going to be interesting to see who eventually develops the remaining land. Nice move QuikTrip!
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East Pointe Shopping Center
3,916 sq. ft. available in this center anchored by Zio’s Italian Restaurant. Rent is $12.00 PSF. Located next to Home Depot and across street from new center with $28 PSF rents.
Contact us for info
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In Summit Square Shopping Center
1,010 sq. ft., 2,782 sq.ft., 10,182 sq.ft. and will have the 25,000 sq. ft. Drug Mart. The small space is $12.00, the 10,000 sq. ft. is $9.00 PSF, the 25,000 sq. ft. $7.00 PSF. This center is anchored by Reasors, Mexicali Border Cafe, Flavor’s, and Tuesday Morning.
Contact us for info
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3060 North Hemlock Circle, Henshaw Park, at the 145th E Avenue exit of the Broken Arrow Expressway. Rear wall of the office-warehouse has Expressway exposure for advertising. Each of the 3 buildings is approximately 6,000sf. One office building is leased; the remaining office building and office-warehouse are available for lease together or separately. The entire complex can be purchased. Outstanding location, excellent architecture and condition in this well maintained park-like setting.
Contact us for more info
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Space for Lease
1,450 sq. ft. space and a 7,477 sq. ft. space that can be split. Rents are $10.00 to $12.00 PSF. Great center with Little Gym, Flower Creations, KiddleStix, Bruner’s Meat Market, etc.
Contact us for info
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For the Contrarians among us, the Bubble Sitters and Renters (I’m on your side)
I found this interesting, I consider this my Quote Of The Day from the Daily Reckoning…
Here at The Daily Reckoning, we have gone to ‘Crash Alert’ status. A yellow flag, with a big red question mark in the center, flies from our mast. We are not fool enough to predict the end of the liquidity bubble in 2007…but nor are we so smart that we think we know what the Fates will allow. So, we are not about to set sail this January without a little protection. Advice for 2007: Sell debt. Buy gold.
Don’t worry. Be happy.
If you want to read articles having logical perspective, I would recommend visiting the Daily Reckoning and signing up for their newsletter. They are informative, very humorous and lively. I wouldn’t want to be without this resource as an observer of this ludicrous economy. Some are telling the truth, and I believe these authors are on to something.
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A local broker submitted Apartments located in south Tulsa, Oklahoma, in the Brookside area. Here’s the gist of the offering…
Number of Units: 73
Gross Building Area 58,772 Sq. Ft.
Net Leasable Area : 56,713 Sq. Ft.
Average Unit Size : 785 Sq. Ft.
Parking: 33,114 Sq. Ft. of Asphalt with 93 spaces
Price Per Unit: $37,670
Asking Price: $2,750,000
According to the broker… “this property has been continuously maintained since it was built. The current owners have owned it for over 25 years; during that time the occupancy rate average has been well over 90%. Hence, this product has stood the test of time and is a proven performer.”
If you have an interest in learning more about it contact me
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