May 3rd, 2021
Newmark Robinson Park brokers, Brad Rice and Dilon Argo, facilitated the sale of the former Sinclair Building located at 6 East 5th Street. The office building, which was constructed by oilman Harry Ford Sinclair in 1919, sold for $4.7 million. Tulsa-based Ross Group purchased the building and plans to invest at least $15 million into refurbishing it into apartments and commercial space. For the full article published by Rhett Morgan of Tulsa World, see below.
Photo provided by Tulsa World
Office Expansion in Tulsa for the US Attorney's Office
January 27th, 2021
Amity McCabe and Rick Guild, SIOR recently facilitated the 10,186 square foot lease for the US Attorney's Office at 110 W 7th St. in Tulsa, OK. Due to this summer's Supreme Court ruling that the Creek Nation Reservation had never been officially disestablished by Congress when Oklahoma became a state, the federal government now has jurisdiction over crimes committed within the boundaries of the reservation. That means more prosecutors and support staff were needed to carry out their mission and more space was required to accommodate their arrival. Thirteen volunteer prosecutors and support staff from across the nation have already arrived in Tulsa to assist. The office has further hired 10 more prosecutors who are onboarding this month with more hires to come soon.
Just Leased | 32,000 SF Industrial Space
January 21st, 2021
Brett Price, CCIM, SIOR and Kris Davis, SIOR recently facilitated a 32,000 square foot lease of an industrial property located just north of Will Rogers World Airport. The property is located in Oklahoma City's southwest submarket which is the largest in the city and the hub of the Oklahoma industrial market.
January 13th, 2021
The Newmark Multifamily team completed the $55 million sale of The Edge at Midtown, a trophy Class A property in downtown Oklahoma City's Midtown district. Gary Brooks of Cornerstone Development built the 250-unit property in 2015. Newmark Senior Managing Directors Tim McKay, Justin Wilson, and Brandon Lamb, and associates Ted Prince and Ben McKay, handled the transaction. At $220,000 per unit, it breaks the previous record held by Avana Arts District (now known as Aviare Arts), which Newmark brokered for $194,389 per unit in January 2020.
January 9th, 2020
Mark Beffort and Brett Price, CCIM, SIOR with Newmark Grubb Levy Strange Beffort facilitated the transaction of the Boeing OKC Campus located at 6001 S Air Depot Blvd. The property is comprised of three buildings totaling 530,000 square feet on more than 30 acres.
The seller was Oklahoma City based Gardner Tanenbaum Holdings and the buyer was a group of California investors who have worked with Tanenbaum in the past.
October 16th, 2019
Newmark Knight Frank Multifamily Oklahoma senior managing directors Justin Wilson, Tim McKay and Brandon Lamb, and associates Ted Prince and Ben McKay, handled the transaction in the sale of Lakewood Estates at 7806 Lyrewood Lane, Oklahoma City, to Dallas-based Elkhorn Capital Partners.
October 11th, 2019
Newmark Knight Frank Multifamily Oklahoma sells The Reserve at Quail North in Oklahoma City for $38.7M and tops the price-per-unit record. Senior Managing Directors Tim McKay, Brandon Lamb, Justin Wilson, and associates Ted Prince and Ben McKay, handled the transaction in the sale to San Diego-based CEG Multifamily. This was CEG's second purchase in Oklahoma City and their second time working with the Newmark Knight Frank Multifamily group.
August 19th, 2019
Newmark Knight Frank Multifamily Oklahoma is pleased to announce the $29,875,000 sale of The Reserve at Aspen Creek apartments in Broken Arrow. The 240-unit community, at 1100 West Tucson Street, was built in 2018. Newmark Senior Managing Directors Brandon Lamb and Tim McKay and Managing Director Justin Wilson handled the transaction in the sale to new-to-market buyer DLP Capital Partners.
July 30th, 2019
Newmark Knight Frank Multifamily Oklahoma announces the sale of The Haven, formerly known as Sycamore Square, at 601 Robert S. Kerr Ave. in the heart of downtown. Newmark Managing Director Justin Wilson handled the transaction in the sale to Houston-based Tradewind Residential. Newmark handled two other transactions for Tradewind in the metro over the past year.
July 22nd, 2019
Newmark Knight Frank Multifamily Oklahoma group sells Silver Creek Apartment Homes at 10710 E 41st Street in southeast Tulsa for $14.64M. Newmark Senior Managing Directors Brandon Lamb and Tim McKay and Managing Director Justin Wilson handled the transaction in the sale to Tulsa-based Vesta Capital, led by Marc Kulick.
May 14th, 2019
Brett Price, CCIM, SIOR of Newmark Grubb Levy Strange Beffort, recently facilitated the transaction of a 156,000 square foot build to suit for Corken at Gardner Tanenbaum Holding’s Britton Commerce Park.
Class A Warehouse Sells for $4.2M
April 1st, 2019
Brett Price, CCIM, SIOR and Kris Davis, SIOR with Newmark Grubb Levy Strange Beffort, recently facilitated the sale of a Class A warehouse/distribution building for $4,200,000. The 60,000 square foot building located at 9401 Pole Road, is 100% occupied and was purchased by an out of state investor.
Retail Sale | $1.2M
March 28th, 2019
Michael Almaraz, Senior Vice President, closed on a 2,750 square foot operating Taco Bueno at 5847 S 49th W Avenue, Tulsa, OK for $1,200,000. The property featured a rare corporate-backed lease.
Market Square @ Covell Village Sells for $6M
March 28th, 2019
Michael Rapella, Danny Ojeda and Jay Cohlmia facilitated the sale of Market Square @ Covell Village for $6,000,000. The shopping center, located at 1380 W Covell, Edmond, OK, is a 16,394 square foot, fully leased shopping center. The center benefits from a complimentary tenant mix of national and local retailers.
June 13th, 2018
Our ARA group just closed the deal on Brandon Place in north Oklahoma City. The complex, built in 2011, is a collection of 17 two-story garden-style residential buildings with considerable outdoor entertainment and abundant nearby commercial activity.