A new industrial development, Midtown Industrial Park, has been delivered this month in Midtown Tulsa, marking one of the few modern, purpose-built industrial projects to break ground in the city’s core in recent years.
Midtown Industrial Park, located at 6240 East 15th Street, Tulsa, Oklahoma 74112, broke ground in November of 2024 and is now currently leasing modern industrial space in a submarket where product is nearly impossible to find. The project offers both growing local companies and new entrants a chance to stay competitive without having to look outside of the urban core. Find out more about this incredible industrial development here: https://bit.ly/47nOTse
“The Tulsa region’s industrial momentum is undeniable. Strong demand, limited vacancy and renewed investment in key sectors reflect a market that continues to strengthen and evolve. The addition of this modern industrial project in Midtown highlights developer confidence in Tulsa’s long-term potential and the region’s commitment to sustained growth and innovation,” states Katie Grigar, Senior Director of Economic Development of the Tulsa Regional Chambers.
Tulsa’s industrial market has been operating under a historic constraint for years with very little construction, vacancy rates at a record low, and limited availability of functional space that meets today’s business needs.
Zach Harris, Managing Partner with TruCore Industrial says, “It’s exciting to see a newly developed small bay industrial project in the heart of Tulsa! Industrial development in general has been very difficult the past few years as a result of rising construction costs and perpetually elevated interest rates, despite continued strong leasing demand, especially for small bay spaces under 50,000 SF. This project meets the demands of where the market is today and kudos to the development team for bringing it to fruition.”
Companies looking for centrally located options in the metro often face an uphill battle, with older inventory lacking the clear heights, overhead doors, and modern layouts required to support efficient operations.
Josh Love, a local industrial broker with Price Edwards and Company says, “this is industrial space my clients are needing, and ultimately will shorten their search timelines allowing them to focus on business.” He adds, “functional space like this is going to help Tulsa attract more tenants and ultimately keep Tulsa competitive regionally.”
Midtown Industrial Park, zoned IM, offers 90,000 total square feet of warehouse and distribution space split into four buildings. Key features include: 20’+ clear heights, fully sprinklered, 14’x14’ drive-in doors with shared dock access. The Property sits at the intersection of E 15th Street and S Sheridan Road providing easy access to Interstate 244, Interstate 44 and Highway 64.
Tim Yardy, one of the partnering developers for the project says, “The industrial market has been constrained by aging inventory and limited supply of well-designed space. Our goal with this project is to deliver a solution that supports business growth and investment in Tulsa’s core while appealing to users throughout the region.”
About Price Edwards & Company:
Price Edwards and Company is a full-service commercial real estate firm with offices in Oklahoma City and Tulsa.
Formed in 1988, the firm employs approximately 200 commercial real estate professionals providing services in the areas of leasing, brokerage, property management, facilities management, construction, market analysis, site selection, feasibility studies, due diligence, lease administration and financial reporting. In recent years PEC has expanded at the request of clients to serve other commercial real estate markets including Texas, Kansas, Missouri, and Arkansas.
Price Edwards and Company is structured to provide asset specialists working on each property. As such, their leasing agents, property managers, investment brokers and accounting staff are highly trained and experienced in specific asset types to assure the highest degree of knowledge, and ultimately, provide results for clients.
Media Contact:
Tanda Francis
Managing Broker, Tulsa
Price Edwards and Company
7633 East 63rd Place, Suite 400
Tulsa, Oklahoma 74133
Phone: (918) 394-1000
Fax: (918) 394-1001