The Southwestern Power Administration has purchased the Madrona On Lewis Office Building, located at 6655 S. Lewis in Tulsa. In addition, they purchased the 4.3-acre parcel to the north of the office building and the 1.0-acre parcel to the east of the office building. This Class “A” three (3) story office building was built in 1986, consists of approximately 50,672 SF and was 50% occupied at the time of the sale. The buyer intends to occupy the entire building following completion of its renovations. Matt Surrett with Price Edwards & Company -Tulsa handled the transaction.
Durant Property Sells for $2,000,000
The Former Goody’s Building in Durant has been sold to a Dallas-based investment group for $2,000,000. The 52,000 SF property was 100% leased when sold. Tenants of the property include Clifton's Furniture Co., Harbor Freight, and a regional clothing retailer to be announced at a later date. Brandy Rundel with Price Edwards & Company handled the transaction.
Tulsa Teacher's Credit Union Purchases Land in Northwest OKC
The Tulsa Teacher’s Credit Union (TTCU) has purchased a pad site south of Hideaway Pizza at the SE corner of 50th Street and N. Western Avenue in Oklahoma City. TTCU quickly identified the property as a preferred location for their new branch and paid a price of $1,125,000 for the .6428 acres of land. Work should begin immediately on the new branch to serve local customers and businesses in the immediate area. Ev Ernst with Price Edwards & Company handled the transaction.
Homegoods Coming to Stillwater
HomeGoods has signed a new 23,000 SF lease at Pioneer Square in Stillwater, Oklahoma at 619 N. Perkins Road. HomeGoods is backfilling a portion of the former JC Penney space that went dark last year. HomeGoods hopes to have the store open by summer or fall of 2020. Karleen Krywucki
and Ev Ernst
with Price Edwards & Company handled the transaction.