NAIOP 2019

Market Overviews Tulsa • National

Industry Overviews Office • Retail • Industrial • Multifamily

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C O M M E R C I A L

P R O P E R T I E S

WARREN PLACE Setting The Bar A Prestigious Address Amenities Beyond Compare

Where Business

and Nature thrives

LEASING Kelly McKoy The McKoy Company Office: (918) 491-9267 Cell: (918) 403-9160 PROPERTY MANAGEMENT Scott Mitchell, RPA Gemini Rosemont Office: (918) 492-3400

6100 S. Yale, Suite 390 Tulsa, Oklahoma 74136 geminirosemont.com

table of contents MAP ZONES ............................. 27 OFFICE

Tulsa

MAINTAINED STABILITY.. ............................................. 6

By Scott Wigton National

PROCEED WITH CONFIDENCE................................... 12

By Stephen Hill

Listings....................................... 28

Office

RETAIL

By Lisa Brandes, RPA

Listings....................................... 48

INDUSTRIAL

AN OPTIMISTIC ENERGY........................................... 22

Retail

IN FULL SWING......................................................... 42

By Grant Stewart

Listings....................................... 68

GENERAL 2019 NAIOP Events................... 20 NAIOP Oklahoma Members...... 40 2018 Deals of the Year.............. 58 Advertiser Index........................ 75

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Industrial

TULSA’S BIG GETS..................................................... 60

By David R. Looney Multifamily

LOOKING GOOD....................................................... 76

By Steven Watts

2019 NAIOP OKLAHOMA BOARD OF DIRECTORS AND OFFICERS

from the president

BILL BEICHLER President Legacy Commercial Properties Advisors

that time, we have had numerous accomplishments that have changed the landscape of this

DANNY OVERTON President Elect DRLE Inc.

We changed our magazine publisher to Langdon Publishing, publisher of TulsaPeople and The

It is my honor to represent NAIOP Oklahoma as the 2019 president and to proudly present the 30th edition of the Tulsa Commercial Properties Magazine.

I have been very fortunate to serve on the NAIOP board for the last five years. During

NICK LOMBARDI Secretary Frisbie Lombardi ALEX LEIKAM Treasurer Bank of Oklahoma DEREK BATEMAN Magazine Chair Trinity Corporate Real Estate Advisors

NAIOP chapter.

In a five-year period, we have grown our membership from 58 to a record 120 members.

Tulsa Voice, making Tulsa Commercial Properties a first-class publication.

In 2014, on behalf of the commercial development community, NAIOP was invited to jointly host the Mayoral forum and to provide support for the update of the City of Tulsa zoning code.

The year 2016 was phenomenal! We worked with state legislators to address issues that would have cost existing high-rise owners staggering amounts off their bottom line to comply with new regulations that were to be implemented. That year we also added the Awards Gala to our list of programs and events. This black-tie event highlights the deals of the year. Next April we will host our fifth annual awards gala at the historic Mayo Hotel. We are expecting to be at full capacity with more than 250 people in attendance.

In 2017 NAIOP Tulsa became NAIOP Oklahoma to expand reach across the state. In addition, we changed the location of Trends and the monthly breakfasts to Southern Hills Country Club, which has led to more exposure and better attendance.

PAST PRESIDENTS Carl Vincent, Ruffin Properties Steve Ganzkow, American Residential Jason Kennon, Case and Associates Nick Probst, Corporate Realty Advisors Rick Guild, The Guild Co. DIRECTORS Grant Allen, HUB International Derek Bateman, Trinity Corporate Real Estate Advisors Susan Buck, Flintco Chris Bumgarner, Bumgarner Asset Management Bob Pielsticker, CBRE FOR MEMBERSHIP INFORMATION: DEBRA WIMPEE, CHAPTER EXECUTIVE 918-850-3654 DEBRA@NAIOPOKLAHOMA.COM NAIOPOKLAHOMA.COM Published for NAIOP Oklahoma Chapter by

At a national level, NAIOP continues to advocate on behalf of its members for a carried interest in taxation (at a capital gains rate), leasehold depreciation (permeant vs. extenders) and comprehensive tax reform. NAIOP also took the lead on behalf of the industry regarding the proposed FASB lease accounting changes.

Tulsa’s future looks bright and this chapter of NAIOP will continue to provide a significant amount of added value for its members from our significant speakers at our monthly NAIOP breakfast meetings to the advocacy in which we provide on a national, state and local platform. Just this year, during the most recent IOT package with the help of past and existing City Council, my executive board and chair members have established an interrelation with the City of Tulsa. This relationship ensures that our leadership is more involved in the planning and vision for the future of our community thus giving NAIOP a dedicated voice as an adjunct to city officials allowing for better policy and implementation for commercial development.

To our advertisers and sponsors, and on behalf of the board and the entire Oklahoma Chapter, we say thank you so very much for all your continued support. Without you this publication would not be possible.

I would also like to express my deepest gratitude to Debra Wimpee, our chapter executive.

Her dedication and hard work for this organization does not go unrecognized by the board and we are truly appreciative. To all the board members, committee members and volunteers that give their personal time to make NAIOP Oklahoma a huge success, we thank you.

In closing, I would like to emphasize the value of becoming a NAIOP member. We are always seeking to add new members. NAIOP Oklahoma provides unique access to companies and commercial real estate professionals, industry veterans, city officials and leaders in the Tulsa community. We encourage you to enhance your career by getting involved.

May you have a blessed and prosperous 2020.

Tulsa Commercial Properties is owned by the NAIOP Oklahoma Chapter and is published annually. All reasonable care has been executed to ensure the accuracy of information. The publisher recognizes that printed material is subject to error and does not warrant or guarantee information contained herein. Copyright 2019.

All rights reserved. Reproduction is whole or part of information contained herein without prior written approval is prohibited. Tulsa Commercial Properties trademark copyright is registered with the State of Oklahoma.

For information or additional copies of Tulsa Commercial Properties, contact NAIOP, Oklahoma Chapter, PO Box 4654, Tulsa, OK 741590654. Telephone 918-850-3654.

The national NAIOP organization was founded in Philadelphia, Pennsylvania, in 1967 by nine individuals. Today, membership tops 18,000 with chapters in 30 states, including Oklahoma.

Bill Beichler, CCIM President NAIOP Oklahoma Chapter

All data current as of September 2019.

Cover photos by Paul Welch.

3

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From ground breaking to ribbon cutting, we’ll be there every step of the way.

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4

from the developing leaders NAIOP’s Developing Leaders is an exclusive program geared

sional or if you employ young professionals in the commercial

specifically for all commercial real estate focused professionals

real estate sector, please reach out to us to discuss joining as a

age 35 and under. It has been a strong year for the Oklahoma

Developing Leader member of NAIOP.

chapter of NAIOP’s Developing Leaders program.

To start the year, we launched the second consecutive year of our Mentorship Program at HUB International’s offices. The program gives Developing Leaders the opportunity to connect with seasoned real estate professionals who are among the chapter’s membership. Developing Leaders connect with mentors over an online portal system that assists them in setting up meeting times with each specific mentor. This program has proved very successful and has already reaped benefits among the mentee

Zachary Harris Director Stan Johnson Co. Developing Leaders Co-Chair

and mentor participants.

In addition to the mentorship program, we hosted the inaugural NAIOP Cornhole Tournament with proceeds benefiting the NAIOP Developing Leaders programming. This event will be a seed investment to fund future programs for the remainder of the year and future years to come.

As a final note, we are always seeking to add new members to the Developing Leaders program. If you are a young profes-

Steven Watts Managing Partner Rose Rock Development Partners Developing Leaders Co-Chair

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6

TULSA MARKET OVERVIEW

MAINTAINED STABILITY Tulsa’s economy remains solid with steady oil prices and low unemployment.

But what’s needed to make it booming?

If one word had to be picked for Tulsa’s current economic health, “stable” would likely be a good choice. It is certainly not the most exciting word, but it does seem to reflect the data, as well as the opinions of those who carefully observe the local economy.

After a year that has seen some moderate volatility in oil prices, a city as historically dependent on energy — though somewhat less so today than in decades past — oil appears for the time being to have settled into a range of $55-$58 per barrel.

And, while that is far from boom time levels, it has proven enough to maintain, well, stability.

“Oil prices right now have been around $55 and we’d like to see it in the $57 to $60 (range),” says Bob Ball, director of economic research for the Tulsa Regional Chamber. “We still experience some volatility in our local economy because we are still strongly tied to oil prices.”

BY SCOTT WIGTON 7

TULSA MARKET OVERVIEW

Ball also says trade tariffs implemented by the current administration are having a marked im-

IMPACT ON COMMERCIAL REAL ESTATE

Although the economy has slowed slightly, the

pact on the local economy as manufacturers

general mood among real estate observers

feel the bite of higher raw materials costs.

remains positive.

“The trade issues we’ve been seeing with tariffs

“From my perspective, the overall Tulsa mar-

on aluminum, steel, and metal fabrication and

ket remains strong,” says Les Wallis, managing

machinery — the costs go up and that becomes

director of CBRE for Oklahoma and Arkansas.

an issue,” he says.

“In the first half of 2019, we had fewer large transactions, but that was offset by an increase

In spite of these headwinds, the July unemploy-

in smaller transactions. The economic funda-

ment rate remains low at 3.3% in the latest re-

mentals have been good, oil and gas has been

port from the Bureau of Labor Statistics. Total

stable and we’ve seen strong occupancy rates.

employment remained steady over the year

We’re about 87% leased in the office market and

with a gain of about 100 jobs from the same

rents are up to $16 a square foot.”

time in 2018. The labor force overall has shrunk, leaving some employers stranded for workers.

Neil Dailey of McGraw Commercial Real Estate

Ball speculates some people have just dropped

says a standout in Tulsa so far this year is the in-

out or there are workers who simply aren’t

dustrial real estate market with up to 97% of in-

matched to the jobs available.

ventory occupied. Companies want high bays, high ceilings, sprinkler systems and updated

“Overall, it remains a tight labor market,” Ball

electrical systems. Many are simply building

says. “There are jobs to be filled in professional

their own offices to suit their needs so they can

areas, accounting, finance, engineering, weld-

get all the bells and whistles.

ing. There’s a big demand because of the concentration of industries we have here.”

Dailey cautions, however, that the office market remains soft. “There is still a high vacancy rate

One concern is the declining economic growth

in the core office space, around 15-19%. Office

rate so far this year from last. For 2018, the

rates here are well below averages you see in

growth rate was 2.5%, but Ball says he expects

Kansas City or Indianapolis, for example. We’re

2019 to come in closer to 1%.

still struggling in the mid-teens with Class D office space.

“Most sectors will be off from last year, but you can’t sustain those growth rates,” he says.

There have been a few big splashes in

“2.5% is strong and we outperformed the state

the

overall last year.”

finished,

Tulsa

market

with

the

100,000-square-foot

soon-to-beVast

Bank

building in the Greenwood district, along with the announcement of WPX to construct

8

The Greenwood District will be the new home of WPX Energy’s headquarters at 222 N. Detroit Ave. Major construction is planned for 20202021, with move-in planned for early 2022. COURTESY

a 260,000-square-foot headquarters in the vi-

development explode as the city grew from

cinity, too.

1.5 million to 3.5 million. New buildings shot up and denser developments took hold. Prices

“The Vast Bank leased up quickly at a surpris-

skyrocketed. Lower downtown Denver (LODO)

ingly high rate of $32 per square foot. Someone

became a showpiece attraction for the city,

was willing to pay a lot higher than the market

much as the Tulsa Arts, Greenwood and the

average. For Class A in Tulsa, $32 is the top of

Blue Dome districts have for Tulsa, though on

the market,” Dailey says.

a smaller scale.

There are a few spots around town (61st and

“I think those areas are exploding like LODO.

91st and Yale Avenue) that command mid to

People are moving, there’s nightlife and I think

high $20s per square foot, but in downtown,

it will continue to grow. That area will remain a

the older, historical buildings clock in at $14-

big story going forward,” he says.

$17. Meanwhile, the Mayo maintains strong occupancy and the Tulsa Club building con-

Some others, such as Dailey, do sound a note

version was completed, adding to downtown’s

of caution that the area still has some distance

strengths.

to go to realize its potential, citing the need for more residential that could support a grocery

Wallis, who relocated to Tulsa from Denver,

store. Ball also notes many other cities around

sees strong parallels between Denver and Tulsa

Tulsa’s market size have done similar downtown-

in their respective downtown districts. During

area rejuvenations, meaning competition for

his 19-year stint in the Mile High City, he saw

attracting new business remains stiff.

The collection at Tulsa’s Gilcrease Museum includes more than 350 years of American paintings, sculptures and works on paper, including the largest public holdings of art of the American West.

9

TULSA MARKET OVERVIEW

TULSA NEEDS TO ASK ITSELF THE BIG QUESTION

Larry Wofford, Ph.D., a longtime Tulsan and

Dailey agrees that in order to firm up a soft

University of Tulsa business professor, careful-

office real estate market, Tulsa needs a “heavier

ly analyzes the city’s commercial environment.

stream of new blood to create demand. I know

He is pleased with the ramped-up downtown

that’s something the Chamber is working on,

activity that has occurred over the last decade

but we need more activity.”

because it helps with retaining talented people, businesses and gives the city something to tout

While incredible new features such as Gath-

in attracting outside business. His main concern

ering Place, which opened in 2018, help with

is with employment, which, he says, is the key

quality of life and talent retention, it remains

economic driver. According to Wofford, Tulsa’s

unclear if such amenities can attract outside

job growth is minimal when compared to a city

business interests.

like Austin, Texas.

Improving education, especially higher educaAustin, he notes, is obviously bigger than Tulsa

tion rates, also is a key growth driver. Again,

today, but not so long ago (around 1990) it

Tulsa lags behind its rivals, including Little Rock

wasn’t. In fact, according to his data, Tulsa lags

and Albuquerque, with 30.8% of residents age

behind many other similarly sized markets when

25 and older having a college degree or bet-

it comes to employment over the last 30 years

ter, according to the U.S. Census Bureau. That

including Springfield, Missouri; Albuquerque,

makes it harder to attract companies that need

New Mexico; Little Rock, Arkansas; and Omaha,

a more qualified workforce.

Nebraska.

“We need to improve our K-12 and higher “The thing missing is employment. Cities grow

education,” he says. “It’s critical to increasing

based on employment,” he says. “We have to

growth rates.”

ask the question: What is the big bang that will make Tulsa into a higher growth city? There is

Wofford argues Tulsa is an undiscovered gem

no tech firm that is coming in to create 15,000

with a high quality of life that is nevertheless

high-paying jobs. From an economic perspec-

making significant strides with promising new

tive, Tulsa hasn’t been hitting it out of the park

developments.

over the last 25 years.”

“Tulsa is in a better spot today than it has been

10

People move places because they have a job

in a long time,” he says. “There’s a sense of

or think they can find a good job. Tulsa needs

dynamism and change that I haven’t sensed in

more companies that offer well-paying jobs

years. We are in a very competitive market for

and that manufacture things sold elsewhere, he

talent and we are beginning to position our-

continues.

selves to appeal to the talent we need.”•

NEW

INDUSTRY GROWS LIKE A WEED While Tulsa’s overall economy during the past year remained stable, one industry in particular grew like, well, a weed.

When Oklahomans approved medical marijuana in 2018, a whole new industry exploded across the state, and Tulsa saw its share of the growth.

“Medical marijuana has been the single most definitive user of space in the last 12 months at three levels: growers, processors and retail dispensary operators,” says Neil Dailey of McGraw Commercial. “We get calls all the time. That industry has soaked up any small- to medium-sized warehouses in the market.”

Warehouses for marijuana operations in the 10,000- to 12,000-square-foot range have pretty much disappeared.

For an industry that could barely be imagined in conservative Oklahoma as recently as five years ago, medical marijuana has found a home here. The Tulsa World reports that Oklahoma has one of the highest participation rates among the 33 states that have some sort of cannabis legislation.

Jordan Helmerich, of Adwon Properties, has been at the forefront of real estate for the burgeoning industry.

“We’ve done 10 to 15 leases on the grow and processing side,” he says.

Grow and processing operations can demand up to 40,000-square-feet of space with 10,000 to 20,000 square feet being more common. Helmerich was working on three to four retail leases at the time of this writing. Retail leases can be tricky to execute because of state and local regulations, especially distance requirements of 1,000 feet between dispensaries and from schools.

Nevertheless, some operators have been paying in the hundreds of dollars per square foot on some locations, an amount Helmerich characterizes as “insane.”

“We’re in a very interesting time because we’re seeing a bubble in this industry,” he says. “The margins are good right now but those will shrink.

Plus, a lot of people don’t realize there are significant federal tax liabilities attached to these businesses.”

Sooner or later, that bubble will pop and many of the marijuana-related startups will go up in smoke.

In some cases, Helmerich adds, the survivors might be out-of-state operators with bigger operations accustomed to functioning in a competitive and very regulated environment.

“Up to this point, it’s been like the Wild West, but the chance to make money is shrinking,” he says.

“We are near or at the saturation point and we will start to see people dropping out.”

The “Yield” road sign was invented in Tulsa in 1950.

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12

N AT I O N A L O U T L O O K

PROCEED WITH CONFIDENCE Consumer and business confidence is key in future economic growth.

With confidence there is progress. That’s the feeling American consumers projected during the past year, and there’s no signs it will stop soon.

This past summer the U.S. economy reached a record 122 months of growth extending back to 2009, and there’s no significant signs that will end anytime soon. Real Gross Domestic Product growth in the first quarter of 2019 surged to 3.1%, while dipping slightly to 2.1% in the second quarter. Over the past decade, the U.S. economy averaged 2.3% annual expansion.

While experts predict future growth will be modest, no one sees the danger signs of a recession soon. Most agree there will be continued expansion, just at a slower rate.

BY STEPHEN HILL 13

N AT I O N A L O U T L O O K

“We can expect a reasonable amount of growth

stalled corporate spending on capital projects

in the foreseeable future,” says James Russell,

during the first half of 2019. The report stated a

Ph.D., professor of economics at Oral Roberts

possibility of a “modest 5% rise” in capital spend-

University’s College of Business.

ing for the second half of the year, although that would still be below dollars spent in 2016.

“The greatest risk factor for the economy is overseas,” Russell says. “I’m more bullish than

“Certainly, there is some slowing down,” says

most, and expect to see growth at about 2.5%,

James Chessen, chief economist for the Amer-

barring what happens in Europe and Asia.

ican Bankers Association. “We are in a period

Europe is slow, and China is either exciting, or

of slower growth, but not anywhere near a

worrisome.” More on that risk later.

recession.”

Much of the record expansion of the U.S. econ-

Chessen sees health care, financial services,

omy came from consumer and business confi-

education, and leisure and hospitality as some

dence to spend. In July, the Conference Board’s

of the growth areas for 2020. While Ball likes all

Consumer Confidence Index posted an 11.4%

of those, he adds manufacturing as a resurgent

increase, which was the highest worldwide in

driver.

comparison to European and Asian countries.

This index is a survey that reflects individual

“Nationally, and in Tulsa, manufacturing is doing

consumer’s confidence in the future of the

well,” Ball says. “We have a lot of resources

economy, and their willingness to spend on

that make manufacturing in Tulsa an attractive

durable goods.

opportunity.”

The University of Michigan’s sentiment index hit

All three economic experts agree lower taxes,

a 15-year high, while the Bloomberg Consumer

less oversight regulation and consumer con-

Comfort survey reached a six-month high, both

fidence are key factors in the continued GDP

reported in May.

growth. The signs for recession are distant, but something to certainly guard against rising in

“Consumer

and

business

confidence

are

the near term.

moving in tandem, and have momentum for the near future,” says Bob Ball, director of economic research at the Tulsa Regional Chamber.

BANKING ON FUTURE GROWTH

A major part of the confidence in the economy springs from the ability of businesses and con-

14

While businesses are feeling the confidence by

sumers to access low-interest financing. The

hiring more workers, spending on capital proj-

Federal Reserve recently lowered interest rates

ects has seen a slowdown, according to a July

by a quarter point, the first drop in 11 years, a

2019 Kiplinger report. Tariffs implemented due

move that could help continue the economy’s

to trade wars with China and other countries

expansion. Businesses large and small take

notice as paying for capital projects will get less expensive.

Consumers might notice first when they see better interest rates from financing institutions on auto and home loans. Credit card users, and that’s nearly everyone, might see lower interest rates on carryover debt.

And banks universally stay competitive by tying interest rates for loans to the prime rate, again set by the Federal Reserve.

“Banks are a very significant part of the economy by supporting new business and entrepreneurs, helping drive the economy forward,” Chessen says. “The key for banks is watching the Fed, which sets interest rates for the entire system. Whichever way the Fed moves has consequences for the entire country.”

Basically, with a Fed drop of interest rates it lowers the price of borrowing, and that can cer-

“CONSUMER AND BUSINESS CONFIDENCE ARE MOVING IN TANDEM, AND HAVE MOMENTUM FOR THE NEAR FUTURE.” — Bob Ball, director of economic research at the Tulsa Regional Chamber

tainly spur spending. And the previously mentioned Kiplinger Report of less capital spending in 2019 could be a factor in lowering interest rates. Cheaper money means businesses can expand easier and quicker.

Consumers are another leg on the economic spending stool — saving and cautious spending are the watchwords, according to Ball. “Right now, the debt to disposable income is low,” he says, “and that’s opportunities for lending for people to buy new homes and autos.

“The lower rates are generally better for the overall economy. But the Fed will want to watch

that costs don’t start rising. That will be a sign of creeping inflation.”

Higher interest rates attract foreign investment, while lower interest rates make imported goods more expensive. Obviously, it’s a tricky balancing act, and the Fed keeps a close tab on these scenarios. Inflation concerns always are looming.

“Our economy is strong — so people want to invest in the U.S.,” Russell says. “We’ve been a safety spot for foreign investment.”

Downtown Tulsa was named one of the “Top 28 Friendliest Neighborhoods” in U.S. cities by National Geographic Traveler magazine.

15

N AT I O N A L O U T L O O K

ADDING JOBS AND PAYCHECKS

levied against cheaper, imported steel. A few

that’s certainly what has happened in the first

mostly for the booming West Texas energy

Economic growth equates to more jobs, and two quarters of 2019. The Labor Department reported an increase of 224,000 new jobs in June, which was well above the expectation of 165,000 new jobs. Payrolls are climbing and the national unemployment rate has remained at a relatively low point for several quarters — in July it hit 3.7%. While that’s a slight increase, it’s perfectly normal, according to Professor

facilities reopened earlier this year, producing sector, it remains to be seen how far this can run.

But growth in the manufacturing sector is slow.

It’s too soon to understand how the tariffs, lower energy prices and even the new tax cut laws will combine to affect GDP. Can heavy industry realize enough gains in efficiencies to

Russell.

stimulate expansion and job growth?

“Even though the unemployment rate jumped,

“Overall, trade wars will hurt all countries, par-

I think workers are more optimistic in finding jobs,” Russell says. “There are a lot of new

ticularly China,” Russell says. “But, in my opinion, it will hurt them more.”

workers added to the workforce, and that affected the rise in the unemployment numbers. But people are feeling there are better

THE DOW CAN BE A DOWNER

Many Americans own stocks in publicly traded

jobs to be found.”

companies, either directly or indirectly through

Those jobs are looking different than even a

daily ups and downs of the stock market can be

mutual funds and 401K accounts. Watching the

decade ago. Employment in 2020 and beyond will require an increasing need for technological skills, even in some jobs that were previously

a nerve-racking ride as future wealth accumulates, and suddenly disappears.

seen as unskilled labor.

In July the Dow Jones Industrial Average, an

“A lot of permanent jobs are being taken by

record high, and a plunge to the lowest day

index of 30 publicly traded companies, saw a

workers,” Ball says. “It’s a mature economy.

Accounting and finance, engineering, and even manufacturing to an extent, are hiring.

But today’s workers need to have technological skills. Companies require these newer skills because competition is more global than ever.”

While the expansion of the manufacturing sector is promising, it’s not certain how sustainable growth can be. For instance, a few steel mills are reopening, in part due to trade tariffs

for 2019. That same 30-day period also saw another major stock market indicator, the S&P 500 index, experience the same volatility.

“A large portion of Americans’ retirement funds are tied to the stock market,” Chessen says.

“And Wall Street watches the same indicators that banks, economists and others do.”

But the volatility in the stock market can extend beyond Wall Street. Lower stock prices affect

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16

a company’s ability to secure loans, and retirees with stock portfolios feel the pain more acutely. Most companies can ride out the ups and downs, relying on a generally upward rise over the long period.

Individuals might not have the luxury of a long-term outlook, or the ability to recover if the market really dives for an extended period.

seems to be directly related international

TrustService People

trading

issues. Redux on Russell’s comments earlier.

Technology

Experience

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Much of the market angst to

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“Watch Europe and Deutsche Bank,” Russell says.

“Germany is having serious problems with one of the strongest

financial

institu-

tions in Europe.”

Adding to the European miasma of instability is the very unclear direction that England’s “Brexit” is heading. Current and projected European

economic

GDP

looks very stagnant compared

to

previous

year.

Economic expansion is only

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17

N AT I O N A L O U T L O O K

European Commission. Not exactly heady times for the EU.

“These are the issues that could slow things down,” Ball says. “Things like higher tariffs

The other side of the world is not a warm embrace of American consumers either. Rising tariffs and devalued currency are the weapons in this trade war between two of the world’s largest economies. Russell’s words on China’s duality make for future head scratching.

“The Chinese devaluing of the Yuan is a direct reaction to increased tariffs by the U.S.,” says Russell, adding that previous Washington administrations tried to deal with China on a short-term basis, but current leadership is looking further down the road.

“We cannot continue giving over our intellectual property,” says Russell, a comment on China’s longstanding trade practices.

And just to show how interconnected the world has become, the ongoing U.S. and China trade war is spilling over to Europe. Europe’s manufacturing powerhouse, Germany, saw output drop 5% this summer, which combined with its financial woes, experts warn of a possible recession.

or energy prices can have a big effect on the economy.”

Amazingly, one of the more volatile markets — energy, and specifically petroleum — have remained fairly constant during the past 12 months. West Texas Intermediate, the standard petroleum contract for the New York Mercantile Exchange, held mostly steady between $50$60 in 2019. At this price most producers can make money, and consumers and commercial fleets aren’t outrageously gouged at the pump.

A continued bright spot is the commercial real estate market, particularly industrial properties.

A recent Statista report states nearly 40% of investors found the industrial property sector the most appealing in 2019. Close behind were multi-family properties. Retail investments were near the bottom of respondents’ interest.

The ultimate takeaway from this international stew of economic issues is this: our economy is good, but we might be closer to the edge than we know.

The greatest asset in the U.S. economy might

A LOT TO CONSIDER

Even in the best of times, economic fortunes of a nation, much less of the world, are hard to predict. Flagging sales of a popular brand can turn an entire sector on its head, and the whims of political leaders lurch economies through highs and lows.

be its workers, who also are consumers. Their belief in better jobs, and a willingness to buy durable goods have kept business humming, and the economy expanding.

A confident consumer is a productive worker. •

The 1983 movie “The Outsiders” was filmed in Tulsa using several local landmarks, including the Admiral Twin Drive-In, for photography locations.

18

CONGRATS TO THE 2018 DEALS OF THE YEAR!

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Think of us first.

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The Crossfirst Bank advantage:

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tim james President, Tulsa Bank tim.james@crossfirstbank.com 918.497.5236

eric ralston Commercial Real Estate Banker eric.ralston@crossfirstbank.com 918.497.5202

7120 South lewis | tulsa, oklahoma 74136 | crossfirstbank.com Member FDIC

Tulsa NAOIP Ad October 2019.indd 1

10/20/2019 1:43:24 PM

Tulsa ranks No. 3 nationally for new and expanded facilities among Tier II cities (Site Selection 2016)

No. 1 city among top 100 metros on growth and inclusion (Brookings Institute 2016)

No. 1 city nationwide for young entrepreneurs (NerdWallet.com 2015)

No. 2 best city for first-time homebuyers (SmartAsset.com 2016)

No. 3 best north American city for energy (The World's Most Competitive Cities 2015)

No. 5 Guthrie Green among top 14 coolest urban spaces in America (ThrilList.com 2015)

No. 6 best state for lowest overall tax burden (WalletHub.com 2016)

Grow with us. Visit GrowMetroTulsa.com or call 800.624.6822 Brien Thorstenberg, CEcD Sr. Vice President, Economic Development Tulsa Regional Chamber brienthorstenberg@tulsachamber.com

19

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1 2

3 4

5 6

7

8

2019 NAIOP EVENTS

www.us.jll.com/valuation-advisory

2019 NAIOP EVENTS 1) Annual Chapter Leadership + Legislative Retreat with NAIOP 2019 Board. From L-R, Grant Allen, Membership Chair; Crystal Keller, Program Chair; Debra Wimpee, Executive Director; Jason Ting, Education Chair; Danny Overton, 2019 NAIOP Vice President; and Bill Beichler, 2019 NAIOP President.

2) Congressional visit with Rep. Kevin Hern. Danny Overton, 2019 NAIOP Vice President; Crystal Keller, Program Chair; Rep. Hern; Debra Wimpee, Executive Director; and Bill Beichler, 2019 NAIOP President.

3) Senate visit with Sen. James Lankford. Pictured: Bill Beichler, 2019 NAIOP President; Sen. Lankford; Debra Wimpee, Executive Director; and Crystal Keller, Program Chair.

4) Senate visit with Sen. James Lankford. Pictured: Steven Watts, DL Chair; Sen. Lankford; and Bill Pielsticker, Sponsor Chair.

5) 2018 Award Winners 6) “2018 Deals of the Year�

Gala at the Mayo Hotel 7) Doug DeJarnette, 2018 Development of the Year 8) Derek Bateman, 2018 Scott A. Sanditen Member of the Year

Insight Turning market insight into client advantage Offering: Appraisals Consulting Due Diligence Litigation Support Property Tax Services Purchase Price Allocations Market and Feasibility Studies

Owen Ard, MAI Oklahoma +1 918.492.4844 chip.ard@am.jll.com

COMMERCIAL REAL ESTATE LOANS LONG TERM FIXED RATES

Industrial - Office - Retail - Multifamily AMERICAN HERITAGE BANK is uniquely positioned to offer 5 to 15 year terms and is looking for financing opportunities in the Tulsa area.

PURCHASE OR REFINANCE your commercial investment property with a long-term, fixed rate loan and take advantage of historically low interest rates.

Contact Carey Weddle or Joe Hardzog at 918.224.3210 for all your Real Estate needs.

ahb.bank

Disclaimer- This document shall not be construed as a formal offer to provide financing or a commitment on projects, terms, or rates. All loans are subject to normal due diligence of American Heritage Bank at its sole discretion.

Dated October 1, 2019.

21

22

OFFICE OVERVIEW

AN OPTIMISTIC ENERGY With continued interest in Tulsa, as well as several significant transactions, developments and construction, the city’s office market is looking bright.

As we all know, Tulsa, Oklahoma, is an incredible place to live and work. Our city has been getting looks from large corporations in recent years due to the low cost of living, stable economy, mild climate, and an active and growing real estate market. The biggest wins for new business attraction in the Tulsa market in 2018 included Sofidel’s $360 million facility in Inola, Amazon’s $130 million fulfillment center in Owasso and Greenheck Group’s completion of its $100 million Tulsa campus. According to the Tulsa Regional Chamber, 5,089 jobs were created in northeast Oklahoma in 2018.

In reference to the Tulsa office market, it has remained relatively stable over the past year. We have seen several significant lease transactions, redevelopments and new construction projects that brings an optimistic energy to the overall market outlook.

BY LISA BRANDES, RPA 23

OFFICE OVERVIEW

According to CoStar, the current market vacancy

biggest announcement in the CBD during the past

rate is 10.9%. This is up from the vacancy rate of

year was the pre-leasing of the Vast Bank building,

10.48% one year ago. Some of that increase is due

a 102,400-square-foot, six-story office building

to sublease space expiring and coming back on

that will sit adjacent to ONEOK Field. The building

the market from the oil downturn a few years ago.

is set to be delivered in October 2019. Vast Bank

New developments also have contributed to an

(formerly Valley National Bank) owns the building

increase in Tulsa’s overall net inventory by 89,168

and will office on the top floor. Casillas Petroleum

square feet.

and BKD Accounting pre-leased their space in mid2018, despite an almost 18-month future delivery.

Tulsa’s current market rent is $16.08/square foot,

Additionally, the redeveloped Hartford building

which is a 1.5% increase over the past 12 months.

recently announced a large lease with Clarion

Comparing this rent to the national index of $33.15/

Events, (formerly PennWell) and the redeveloped

square foot, our rates are still very affordable and

The Midland building has been leased to one large

attractive to companies outside our region.

undisclosed tech company. In the south submarket, Cityplex attained a new, undisclosed 100,000

Tulsa’s downtown is the hot submarket and it con-

square-foot medical tenant with a late 2020 occu-

tinues to see steady activity and development. The

pancy and has built a related 400 car garage.

NOTABLE LEASE TRANSACTIONS DEAL SIZE (SF)

TENANT NAME

PROPERTY NAME

SUBMARKET

42,840

Undisclosed Tech Company

The Midland

Downtown

40,000

Casillas Petroleum

Vast Building

Downtown

24,703

Undisclosed Oil & Gas Company Corporate Woods

East

24,500

Clarion Events

Hartford Building

Downtown

23,520

eLynx Technologies

Southern Hills Tower

South

20,000

VAST Bank

Vast Building

Downtown

20,000

Bank of Oklahoma

320 S. Boston Ave.

Downtown

100,000

Undisclosed Medical Group

Cityplex Towers

South

LARGEST DELIVERIES AND PROPERTIES UNDER CONSTRUCTION

24

SQUARE FOOTAGE

OWNER

SUBMARKET

DELIVERY DATE

102,400

Vast Building

Downtown

4th Quarter 2019

42,840

The Midland

Downtown

4th Quarter 2019

34,552

South Mingo Plaza

South

1st Quarter 2019

23,038

Bumgarner Asset Management

Midtown

4th Quarter 2019

19,000

South Mingo Plaza

South

4th Quarter 2019

BUILDING

BUYER

SALE PRICE

SIZE (SF)

PRICE/SF

Eastgate Metroplex

Shelbourne Global Solutions

$64,000,000

1,089,201

$59.00

Paradigm Portfolio

Group RMC

$59,500,000

890,000

$67.00

Triad Center 1

Group RMC

$5,400,000

138,708

$39.00

624 Building

Scout 624 LLC

$4,100,000

66,916

$61.00

Holarud Building

K&T Real Estate LLC

$2,600,000

48,000

$54.00

Despite rising construction costs, the office market

and C properties will need to budget for upgrades

still had 238,000 square feet in deliveries over the

to building systems and modern features or risk

past year and another 256,000 square feet is under

losing tenants.

construction, according to CoStar.

On the property sales front, activity has been brisk

TRENDS

According to market research, over 500,000

with strong interest from local businesses and

square feet of office space has been removed

investors on smaller properties (20,000 square feet

from the Tulsa market due to the redevelopment

and under). The recent announcement from WPX

of buildings for alternative uses, mostly residen-

Energy to build a 260,000-square-foot office build-

tial. Adaptive reuse, the process of adapting an

ing in downtown starting next year reflects their

existing building for a new type of use, is trending

confidence in our city. Purchases and interest from

with more mixed-use developments in the market.

out-of-state investors has increased significantly

Investors and owners have seen the demand for

with trading of the Paradigm Realty Advisors port-

adaptive spaces and the potential financial bene-

folio plus the Triad Center 1 building by Group RMC

fits versus new construction.

and East Gate Metroplex. The purchase price of each of these two transactions was in the $60 mil-

As millennials age and move to the suburbs to

lion range. Market cap rates are currently at 8.9%.

start families, the demand for office space closer to home is starting to shift. This trend is being seen

FORECAST

in markets where downtown rents have increased

The success of the Vast Bank building is an interest-

the most. Dallas is seeing growth in its suburban

ing dynamic in a competitive market with a large

office markets with added amenities. This demo-

amount of vacancy. Some tenants are willing to

graphic will still want walkability comparable to

pay higher rates for new construction with modern

a downtown market to include restaurants and

features, systems and amenities. We will continue

beverage offerings, plus fitness centers and open

to see the flight to quality that has dominated the

social spaces with games and activities. While Tulsa

market over the past several years. As evidenced

is still in its downtown renaissance phase, we will

above, the largest lease deals are in new Class A

likely see the need for these types of develop-

space. To stay competitive, landlords of Class B

ments over the next few years. •

Tulsa’s “Meadow Gold” neon sign was built during the Great Depression to advertise the Beatrice Foods Co. product. The sign long outlasted the business and now serves as a symbol for Route 66.

25

IT’S RELATIONSHIPS WE BUILD ARCHITECTURE + ENGINEERING W W W. C Y N T E R G Y. C O M

GET THE INSIDE TRACK ON

EVERY PROPERTY EVERY LISTING EVERY DEAL Join the largest, most visited commercial real estate network.

CoStar.com

26

Zones Skiatook Lake

North Tulsa

Owasso

Central

Southwest Tulsa

Northeast Tulsa

West Tulsa

Midtown

South Tulsa

Northwest Tulsa

CBD

East Tulsa

Broken Arrow

Owasso

E 126th St N

E 116th St N

52nd W Ave

Sperry

Valley Park

E 98th St N

Northwest

86th St. N.

75

78th St N



Gundys Airport

Owasso

U. S

76th St. N.

66th St. N.

Dawson

75

CBD

Riverside Dr

Carbondale

61st St.

Union

r Rive

71st St. Corridor

Casino Oral Roberts District University



75 Richard Loyd

Jones Jr Airport

W ill Ro ge rs Tu rn pi ke

New Tulsa Broken Arrow

81st St.

91st St. 101st St.

South

169

111th St.

Mu sk og ee Tu rnp ike Onetta

Broken Arrow

145th E Ave 151st St.

131st St. E 141st St S 161st E Ave

141st St

129th E Ave

Mingo Rd

Memorial Dr

Sheridan Rd

Yale Ave

Harvard Ave

Lewis Ave

Peoria Ave

Elwood Ave

Bixby

Garrett Rd

Broken Arrow Loop

Glenpool 33rd W Ave

East

Creek Nation Trnpk

Jenks

Southwest

49th W Ave

21st St.

Fair Oaks

51st St.

Sapulpa

97th W Ave

11th St.

41st St. Br ok en Ar row Ex pw y 61st St.

44

sas

Tu rne rT urn pik e



Harvey Young Airport

169

41st St. Corridor

Historic U.S. 66

Cre ek Tur npi ke

412

31st St.

Midtown

n Arka

Bowden

44

51

West

44

66 S. U.

44

244

W 61st St.

ic or st Hi

Central 21st St.

Oakhurst

Catoosa

Garnett

Mingo Valley Expwy

Sand Springs

Northeast

Apache St.

Creek Turnpike

Tulsa

36th St. N.

Pine St.

244

Crosstown Expwy

Keystone Expwy

Ex pw y

46th St. N.

Creek Turnp ike

Pkwy LL Tisdale

Gli cre ase

Tulsa International Airport

Mingo Valley Expwy



Mowhawk

Verdigris

56th St. N.

North

Skyline Ridge

E 530 Rd

169

Turley

Hi st or ic

68th W Ave

Limestone

27

OFFICE | SEE ZONES PAGE 27

PROJECT NAME ADDRESS CITY / STATE / ZIP

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) FLOORS YEAR BUILT

CONTIGUOUS SPACE TOTAL AVAILABLE SUBLEASE SPACE

GROSS RENTAL RATE % LEASED

BROKEN ARROW BA

BERKSHIRE PLAZA 1615 & 1621 S EUCALYPTUS AVE. BROKEN ARROW, OK 74012

BAUER & ASSOCIATES / DOUG BAUER / 918-665-1210 4821 S SHERIDAN, SUITE 201 TULSA, OK 74145

36,231 2 2000, 2002

0 0 0

$18 100%

BA

PHOENIX CENTER 2341 W ALBANY BROKEN ARROW, OK 74012

AMERICAN SOUTHWEST PROP / JACK WRIGHT / 918-251-0707 2341 W. ALBANY, SUITE A, BROKEN ARROW, OK 74012

28,600 1 2002

4,500 4,500 0

$8.50 84.3%

BA

TIMBERCREST PARK 1700 W ALBANY ST BROKEN ARROW, OK 74012

AMERICAN SOUTHWEST PROP / JACK WRIGHT / 918-251-0707 2341 W. ALBANY, SUITE A, BROKEN ARROW, OK 74012

32,000 2 1987

4,500 4,500 0

$9 87.5%

BA

WOLF CREEK OFFICE PARKS 2446-2500 W NEW ORLEANS BROKEN ARROW, OK 74011

BROCK SMITH

24,071 1 2008

4,305 7,057 0

$12.50 70.7%

CBD

110 WEST SEVENTH 110 W 7TH ST TULSA, OK 74103

ROBINSON PARK / AMITY MCCABE / 405-235-6255 211 N. ROBINSON AVE OKLAHOMA CITY, OK 73102

451,355 28 1972

17,656 5,700 0

$8 98.7%

CBD

1215 BUILDING 1215 S BOULDER AVE TULSA, OK 74119

CBRE, INC. / DWAYNE FLYNN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

148,077 12 1954

10,500 21,000

$14.50 85.8%

CBD

1307 S. BOULDER 1307 S BOULDER TULSA, OK 74119

MCGRAW COMMERCIAL PROPERTIES / NEIL DAILEY / 918-388-9588 4105 S. ROCKFORD AVE, TULSA , OK 74105

44,360 4 1999

CBD

201 EXECUTIVE CENTER 201 W 5TH ST TULSA, OK 74103

PRICE FAMILY PROPERTIES / DANIEL REGAN / 918-581-3300 15 E 5TH ST, SUITE 1600 TULSA, OK 74103

74,303 6 1975

4,107 16,170 0

$10 78.2%

CBD

317 MAIN MALL BUILDING 317 S MAIN ST TULSA, OK 74103

BOSTON AVENUE MGMT / TERRY ARGUE / 918-584-1414 320 S. BOSTON, SUITE 1130 TULSA, OK 74103-4721

26,097 4 1907

7,000 13,647

$13 47.7%

CBD

320 SOUTH BOSTON BUILDING 320 S BOSTON TULSA, OK 74103

BOSTON AVENUE MGMT / TERRY ARGUE / 918-584-1414 320 S. BOSTON, SUITE 1130 TULSA, OK 74103-4721

413,632 24 1917

24,000 136,939 0

$16.50 66.9%

CBD

616 S BOSTON AVE 616 S BOSTON AVE TULSA, OK 74119

HARRELL RESIDENTIAL / BRUCE HARRELL / 254-772-9639 4315 LAKE SHORE DR, SUITE M WACO, TX 76710

87,500 7 1925/1970

9,000 12,000 0

$12 86.3%

CBD

CBD

$18 100%

• • • • • • • •

Tulsa’s original Zigzag Art Deco office building Multiple office space sizes available Move in ready Smaller suites available (±677 to ±1,816 SF) Two full floors available at ±6,129 SF each 12’ foot floor to ceiling concrete in creative open space New local ownership Built in 1925 -Designated Historical – -Exterior renovation in 1946 &1984 • ±77 total surface parking spaces/$75/space

624 BOSTON 624 S Boston Ave

Contact: Dylan Seibert 918-392-7253, www.cbre.com CBD

624 BOSTON 624 S BOSTON AVE TULSA, OK 74119

CBRE, INC. / DYLAN SEIBERT / 918-665-3830 1401 S BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

73,496 10 1925/1984

6,129 19,195

$16 78.0%

CBD

8:10 BUILDING 810 S. CINCINNATI TULSA, OK 74119

TRINITY CORPORATE REAL ESTATE ADVISORS, LLC / 918-493-8888 2448 EAST 81ST, STE. 188, TULSA, OK 74137

80,000 6 1924/2015

0 0 0

$19 100%

CBD

BANCFIRST INSURANCE BUILDING

• • • • • •

Creative open office space New local ownership 16’ Clear height 9,663 SF available 26 surface parking spaces Individual street facing suite entry with building and marquis signage • $22 FSG

220 E 8th St

Contact: Dylan Seibert 918-392-7253, www.cbre.com

CBD

BANCFIRST INSURANCE BUILDING 220 E 8TH ST TULSA, OK 74119

CBRE, INC. / DYLAN SEIBERT / 918-665-3830 1401 S BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

20,001 1 1933/2018

9,663 9,663

$22 52%

CBD

BANK OF AMERICA CENTER 15 W 6TH ST TULSA, OK 74119

PRICE FAMILY PROPERTIES / DANIEL REGAN / 918-581-3300 15 E 5TH ST. SUITE 1600 TULSA, OK 74103

288,776 32 1967/1985

10,357 15,628 0

$16 94.6%

CBD

BANK OF OKLAHOMA TOWER 101 E 2ND ST TULSA, OK 74103-8100

MCKOY COMPANY / KELLY MCKOY / 918-491-9267” 6100 S. YALE AVE, SUITE 390 TULSA, OK 74136

1,140,684 52 1978

4,795 7,879 0

$19 99.3%

NOTE EXPANDED LISTING

28

PROJECT NAME ADDRESS CITY / STATE / ZIP

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) FLOORS YEAR BUILT

CONTIGUOUS SPACE TOTAL AVAILABLE SUBLEASE SPACE

GROSS RENTAL RATE % LEASED

CBD

BEACON BUILDING 406 S BOULDER TULSA, OK 74103

FOX + ALLEN REALTY / PATRICK FOX / 918-576-7300 1345 E. 15TH ST. TULSA, OK 74119

115,237 9 1928

12,849 52,268 0

$12.75 54.6%

CBD

CATHEDRAL DISTRICT BUSINESS CENTER

• • • • • •

823 S Detroit Ave

New roof, exterior and lobby renovation Suites 200, 300, & 400 - ± 14,000 SF floor plates Suite 400 – Creative open space with concrete ceilings Plug & Play – Systems furniture in place in STE. 200 & 300 Basement storage and meeting areas Covered and surface parking

Contact: Dylan Seibert 918-392-7253, www.cbre.com

CBD

CBD

CATHEDRAL DISTRICT BUSINESS CENTER 823 S DETROIT TULSA, OK 74120

CBRE, INC. / DYLAN SEIBERT / 918-665-3830 1401 S BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

64,996 4 1959/2018

818 S DETROIT

• • • • • • • •

818 S Detroit Ave

41,942 41,942

$15 25%

Fully renovated warehouse to creative open office space New local ownership ± 9,791 SF Total South Bay: ± 3,929 SF, 16’ ceilings North Bay: ± 5,862 SF, 14’ ceilings 31 surface parking spaces New roof, HVAC & storefront glass Individual street facing suite entries with signage

Contact: Dylan Seibert 918-392-7253, www.cbre.com CBD

818 S DETROIT 818 S DETROIT AVE TULSA, OK 74119

CBRE, INC. / DYLAN SEIBERT / 918-665-3830 1401 S BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

9,791 1 2019

9,791 9,791 0

$22 0.0%

CBD

FIRST PLACE TOWER 15 E 5TH ST TULSA, OK 74103

PRICE FAMILY PROPERTIES / JOE NEAL / (918) 581-3300 15 E 5TH ST. SUITE 1600 TULSA, OK 74103

624,374 41 1956-1973

58,944 72,398 7,890

$16 88.4%

CBD

• Renovated historic Gates Hardware • Building with microbrew and jazz club • Located in the Greenwood District adjacent to ONEOK Ballpark • Second floor office space available • 15,100± RSF* • Creative open office space • On-site parking – 1 space per 300 SF / $75 / space *Source: architect

GATES HARDWARE BUILDING 323 E Mathew Brady St

Contact: Dylan Seibert 918-392-7253, www.cbre.com CBD

THE GATES HARDWARE BUILDING 323 E MATHEW BRADY ST TULSA, OK 74120

CBRE, INC. / DYLAN SEIBERT / 918-665-3830 1401 S BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

28,000 2 1970/2015

15,100 15,100 0

$32 100%

CBD

MAIN PLAZA I & II 614-616 S MAIN TULSA, OK 74119

PRICE FAMILY PROPERTIES / DANIEL REGAN / 918-581-3300 15 E 5TH ST. SUITE 1600 TULSA, OK 74103

51,788 3 1930

5,960 7,160 0

$12 86.2%

CBD

MID-CONTINENT TOWER 401 S BOSTON AVE TULSA, OK 74103

BOSTON AVENUE MGMT / TERRY ARGUE / 918-584-1414 320 S. BOSTON, SUITE 1130 TULSA, OK 74103-4721

321,500 36 1917/1984

15,924 49,426 0

$18.50 84.6%

CBD

ONE PLACE BUILDING 201 S. DENVER AVENUE TULSA, OK 74103

ONE PROPERTY MANAGEMENT / DAVID ATKINSON / 918-574-8776 201 S. DENVER AVE, BOX 1, TULSA, OK 74103

49,704 5 2012

4,562 3,011 4,562

$20.00 93.9%

CBD

ONE TECHNOLOGY CENTER 100 S CINCINNATI AVE TULSA, OK 74103

CBRE, INC. / TERRY PAYNE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

750,000 15 2001

48,156 48,156 0

$18 93.6%

CBD

PAGE BELCHER FEDERAL COURTHOUSE 333 W. 4TH ST. TULSA, OK 74103

ERIC CAIN

454,534 3 1967

92,421 92,421

CBD

PARK CENTRE BUILDING 525 S MAIN ST TULSA, OK 74103

PRICE FAMILY PROPERTIES / DANIEL REGAN / 918-581-3300 15 EAST 5TH ST, SUITE 1600 TULSA, OK 74103

180,461 14 1973

13,838 44,619 0

$13 75.3%

CBD

PETROLEUM CLUB BUILDING 601 S BOULDER AVE W TULSA, OK 74119

PRICE FAMILY PROPERTIES / DANIEL REGAN / 918-581-3300 15 EAST 5TH ST, SUITE 1600 TULSA, OK 74103

118,083 16 1962/1995

7,930 11,855 0

$15 90.0%

79.7%

NOTE EXPANDED LISTING

29

OFFICE | SEE ZONES PAGE 27

PROJECT NAME ADDRESS CITY / STATE / ZIP

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) FLOORS YEAR BUILT

CONTIGUOUS SPACE TOTAL AVAILABLE SUBLEASE SPACE

GROSS RENTAL RATE % LEASED

CBD

PHILCADE NORTH 501 S BOSTON AVE TULSA, OK 74103

PRICE FAMILY PROPERTIES / DANIEL REGAN / 918-581-3300 15 EAST 5TH ST, SUITE 1600 TULSA, OK 74103

270,038 14 1929

99,967 205,904 0

$14.50 23.7%

CBD

PHILCADE SOUTH 519 S. BOSTON AVE TULSA, OK 74103

PRICE FAMILY PROPERTIES / DANIEL REGAN / 918-581-3300 15 EAST 5TH ST, SUITE 1600 TULSA, OK 74103

158,295 13 1967

158,295 158,295 0

$12 0%

CBD

PYTHIAN BUILDING 19 W 5TH AVE TULSA, OK 74103

PRICE FAMILY PROPERTIES / DANIEL REGAN / 918-581-3300 15 EAST 5TH ST, SUITE 1600 TULSA, OK 74103

43,248 3 1930

1,612 1,612 0

$12 96.3%

CBD

REUNION CENTER 9 E 4TH ST TULSA, OK 74103

CORPORATE REALTY ADVISORS / NICK PROBST / 918-392-1950 3150 E. 41ST ST., SUITE 102, TULSA, OK 74105

94,560 10 1919

6,000 6,000 0

$18.50 93.7%

CBD

THE KENNEDY BUILDING 321 S BOSTON AVE TULSA, OK 74103

BOSTON AVENUE MGMT / TERRY ARGUE / 918-584-1414 320 S. BOSTON, SUITE 1130, TULSA, OK 74103-4721

182,749 10 1917/1980

50,000 50,000

$16.50 72.6%

CBD

THE PHILTOWER BUILDING 427 S Boston Ave

McGraw Realtors has been locally owned and managed since 1938 and will be celebrating 80 years in business in 2018. The commercial division was founded in 2008 and since then we have acquired some of the most sought after listings in The Greater Tulsa Area. We now have 15 Commercial Real Estate Agents as well as a team dedicated to Commercial Property Management.

We look forward to continued growth alongside our great city!

• • • • •

Locally owned and operated.

Gorgeous neo-gothic lobby in travertine marble.

Building-wide WiFi Internet access Attached, covered parking with 24 hour controlled access Restaurant & juice bar on the first floor with access to the Atlas Marriott lobby, Atlas Grill, deli and coffee shop.

Contact: Lisa Brandes and Neil Dailey, 918-388-9588

THE PHILTOWER BUILDING 427 S BOSTON AVE TULSA, OK 74103 McGraw Commercial Properties

MCGRAW COMMERCIAL PROPERTIES / NEIL DAILEY / 918-388-9588 4105 S. ROCKFORD AVE, TULSA, OK 74105

102,212 23 1928

1,114 1,114 0

$18.00 98.9%

CBD

THE SUN BUILDING 907 S DETROIT AVE TULSA, OK 74120

COATES COMMERCIAL PROPERTIES, LLC / ANDERLE KHALED / 918-610-0700 4111 S. DARLINGTON, STE 640, TULSA, OK 74135

250,707 12 1954

20,080 58,197 0

$12 76.8%

CBD

THOMPSON BUILDING 20 E 5TH ST TULSA, OK 74103

NAI RUPE HELMER, LLC / PAM AVISON / 918-745-1133 6846 S. CANTON AVE, SUITE 250 TULSA, OK 74136

134,080 15 1928

4,469 30,893 0

$13.00 77.0%

CBD

VAST BANK BUILDING

CBD

Industrial . Warehouse . Office . Land . Multi-Family . Retail . Medical /mcgrawcp /mcgraw-commercial-proper ties @mcgraw_cp

This iconic 24-story building built by Waite Phillips during the city’s oil boom has been a part of Tulsa’s downtown skyline since 1928.

4105 S. Rockford Ave. Tulsa, OK 74105 918.388.9588 www.mcgrawcp.com

• • • • • •

110 N. Elgin Ave.

Superb Location directly across from Oneok Field Garage Parking Rooftop “In the Raw” restaurant Private balconies on each floor Exterior signage available Large common area conference room

Contact: Rick Guild 918-645-3677, www.theguildcompany.com

CBD

VAST BANK BUILDING 110 N. ELGIN AVE. TULSA, OK 74120

THE GUILD COMPANY / RICK GUILD / (918) 645-3677 15 WEST 6TH ST, SUITE 2350 TULSA, OK 74119

101,061 6 2019

0.0 0.0 0.0

$32 100%

CBD

WILLIAMS CENTER TOWER I ONE W 3RD ST TULSA, OK 74103

DANIELS GREER PROPERTIES, LLC / 918-742-7500 ONE WEST THIRD, SUITE 1200 TULSA, OK 74103

314,589 17 1982

0.0 0.0 0.0

$12 100%

CENTRAL CENTRAL

DOMINION BUILDING 1645 S. 101ST E. AVE. TULSA, OK 74128

SAMSON COMMERCIAL REAL ESTATE SERVICES / MIKE LESTER / 918-284-0700 1645 S. 101ST. E. AVE., STE. 101, TULSA, OK 74128

149,000 5 1993

125,100 125,100

$15 16.0%

CENTRAL

GUARANTY BUILDING 10159 E 11TH ST TULSA, OK 74128

RUFFIN PROPERTIES / CARL VINCENT / 918-493-7100 7130 S. LEWIS, SUITE 250 TULSA, OK 74136

98,316 6 1983

15,767 26,455 0

$14 73.1%

CENTRAL

TECHRIDGE OFFICE PARK / BLAINE 9820 E 41ST ST TULSA, OK 74146

TECHRIDGE OFFICE PARK / SCOTT STEPHENSON / 918-628-0810 9726 EAST 42ND STREET, STE. 100, TULSA, OK 74146

58,870 4 1980

9,927 21,870 13,769

$13 62.9%

CENTRAL

TECHRIDGE OFFICE PARK / CHEROKEE 4150 S 100TH E AVE TULSA, OK 74146

TECHRIDGE OFFICE PARK / SCOTT STEPHENSON / 918-628-0810 9726 EAST 42ND STREET, STE. 100, TULSA, OK 74146

53,522 4 1980

3,277 10,216 0

$19 80.9%

CENTRAL

TECHRIDGE OFFICE PARK / COMANCHE 4115 S 100TH E AVE TULSA, OK 74146

TECHRIDGE OFFICE PARK / SCOTT STEPHENSON / 918-628-0810 9726 EAST 42ND STREET, STE. 100, TULSA, OK 74146

56,551 2 1979

0 0 0

$12.50 100%

NOTE EXPANDED LISTING

30

PROJECT NAME ADDRESS CITY / STATE / ZIP

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) FLOORS YEAR BUILT

CONTIGUOUS SPACE TOTAL AVAILABLE SUBLEASE SPACE

GROSS RENTAL RATE % LEASED

CENTRAL

TECHRIDGE OFFICE PARK / GRANT 4110 S 100TH E AVE TULSA, OK 74146

TECHRIDGE OFFICE PARK / SCOTT STEPHENSON / 918-628-0810 9726 EAST 42ND STREET, STE. 100, TULSA, OK 74146

35,429 2 1978

2,518 10,688 0

$13 69.8%

CENTRAL

TECHRIDGE OFFICE PARK / GREER 9920 E 42ND ST TULSA, OK 74146

TECHRIDGE OFFICE PARK / SCOTT STEPHENSON / 918-628-0810 9726 EAST 42ND STREET, STE. 100, TULSA, OK 74146

39,357 2 1978

10,018 14,448 0

$13 63.3%

CENTRAL

TECHRIDGE OFFICE PARK / LOGAN 3840 S 103RD E AVE TULSA, OK 74146

TECHRIDGE OFFICE PARK / SCOTT STEPHENSON / 918-628-0810 9726 EAST 42ND STREET, STE. 100, TULSA, OK 74146

62,560 2 1981

7,113 29,395 0

$13 53.0%

CENTRAL

TECHRIDGE OFFICE PARK / MILES 4135 S 100TH E AVE TULSA, OK 74146

TECHRIDGE OFFICE PARK / SCOTT STEPHENSON / 918-628-0810 9726 EAST 42ND STREET, STE. 100, TULSA, OK 74146

33,788 2 1979

0 0 0

$12.50 100.0%

CENTRAL

TECHRIDGE OFFICE PARK / OSAGE 9726 E 42ND ST TULSA, OK 74146

TECHRIDGE OFFICE PARK / SCOTT STEPHENSON / 918-628-0810 9726 EAST 42ND STREET, STE. 100, TULSA, OK 74146

29,030 2 1974

1,088 2,661 0

$13 90.8%

CENTRAL

TECHRIDGE OFFICE PARK / PAWNEE 9910 E 42ND ST TULSA, OK 74146

TECHRIDGE OFFICE PARK / SCOTT STEPHENSON / 918-628-0810 9726 EAST 42ND STREET, STE. 100, TULSA, OK 74146

39,750 2 1979

11,576 21,337 0

$13.00 46.3%

CENTRAL

TECHRIDGE OFFICE PARK / ROGERS 9717 E 42ND ST TULSA, OK 74146

TECHRIDGE OFFICE PARK / SCOTT STEPHENSON / 918-628-0810 9726 EAST 42ND STREET, STE. 100, TULSA, OK 74146

46,128 2 1975

2,053 4,628 0

$12.50 90.0%

CENTRAL

TECHRIDGE OFFICE PARK / SEMINOLE 9810 E 42ND ST TULSA, OK 74146

TECHRIDGE OFFICE PARK / SCOTT STEPHENSON / 918-628-0810 9726 EAST 42ND STREET, STE. 100, TULSA, OK 74146

48,300 2 1977

7,652 17,577 0

$13 63.6%

CENTRAL

TECHRIDGE OFFICE PARK / WOODWARD 3810 S 103RD E AVE TULSA, OK 74146

TECHRIDGE OFFICE PARK / SCOTT STEPHENSON / 918-628-0810 9726 EAST 42ND STREET, STE. 100, TULSA, OK 74146

58,835 2 1982

16,630 30,437 0

$13 48.3%

EAST

4848 OFFICE CENTER 4848 S 129TH E AVE TULSA, OK 74134

PRICE EDWARDS / TANDA FRANCIS / 918-394-1000 7633 E. 63RD PL., STE. 400 TULSA, OK 74133

101,100 3 2000

0 0 0

$16.50 100.0%

EAST

CORPORATE WOODS 4500 S 129 E AVE TULSA, OK 74134

ROBINSON PARK / AMITY MCCABE / 405-235-6255 211 N. ROBINSON AVE OKLAHOMA CITY, OK 73102

553,000 3 1980

24,703 57,080 0

$16.50 89.7%

EAST

EASTGATE METROPLEX 14002 E 21ST ST TULSA, OK 74134

SIMON PROPERTY GROUP / 317-636-1600 225 W. WASHINGTON ST INDIANAPOLIS, IN 46204

1,016,451 3 1985

28,117 79,011 0

$14 92.2%

EAST

EXCHANGE CENTER 4606-08 S GARNETT TULSA, OK 74146

ROBINSON PARK / AMITY MCCABE / 405-235-6255 211 N. ROBINSON AVE OKLAHOMA CITY, OK 73102

140,006 12 1979

11,715 32,374 0

$15.00 76.9%

EAST

EXCHANGE TOWER 4500 S GARNETT RD TULSA, OK 74146

CBRE, INC. / MARY MARTIN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

167,000 10 1982

5,888 11,222 0

$14.50 93.3%

EAST

SOUTHPARK 4343 S 118TH E AVE TULSA, OK 74146

AMERICAN SOUTHWEST PROP / JACK WRIGHT / 918-251-0707 2341 W. ALBANY, SUITE A, BROKEN ARROW, OK 74012

105,000 2 1972

35,000 35,000 0

$10.50 66.7%

EAST

STATE FARM 12222 STATE FARM BLVD TULSA, OK 74146

CBRE, INC. / MARY MARTIN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

287,580 2 1989

287,580 287,580

$15 0.0%

EAST

TOWNE CENTER - BUILDING A 10810 E 45TH ST TULSA, OK 74146

CBRE, INC. / MARY MARTIN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

191,000 4 1980

5,320 8,799 0

$13 95.4%

EAST

TOWNE CENTER - BUILDING B 10820 E 45TH ST TULSA, OK 74146

CBRE, INC. / MARY MARTIN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

52,500 3 1980

4,143 23,700 0

$13 54.9%

EAST

TOWNE CENTER - BUILDING C 10830 E 45TH ST TULSA, OK 74146

CBRE, INC. / MARY MARTIN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

52,500 3 1980

4,730 10,049 0

$13 80.9%

EAST

NOTE EXPANDED LISTING

31

OFFICE | SEE ZONES PAGE 27

PROJECT NAME ADDRESS CITY / STATE / ZIP

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) FLOORS YEAR BUILT

CONTIGUOUS SPACE TOTAL AVAILABLE SUBLEASE SPACE

GROSS RENTAL RATE % LEASED

MIDTOWN MIDTOWN

2021 LEWIS CENTER 2021 S LEWIS AVE TULSA, OK 74104

ROBINSON PARK / AMITY MCCABE / 405-235-6255 211 N. ROBINSON AVE, OKLAHOMA CITY, OK 73102

87,346 7 1985

3,903 10,190 0

$20 88.3%

MIDTOWN

21 LEWIS PLAZA 2424 E 21ST ST TULSA, OK 74114

PRICE EDWARDS / TANDA FRANCIS / 918-394-1000 7633 E. 63RD PL., STE. 400 TULSA, OK 74133

61,443 5 1967

3,662 7,045 0

$18 88.5%

MIDTOWN

3000 CENTER 3015 E SKELLY DR TULSA, OK 74105

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

57,258 2 1972

6,100 30,000 0

$10 47.6%

MIDTOWN

3100 CENTER 3105 E SKELLY DR TULSA, OK 74105

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

52,016 0 1972

10,100 40,799 0

$10 21.6%

MIDTOWN

4415 S. HARVARD 4415 S HARVARD TULSA, OK 74135

LINCOLN HARRIS, CSG / NICOLE SMITH / 918-960-2844 4415 S. HARVARD AVE, STE 130 TULSA, OK 74135

44,500 2 1980

4,762 8,211 0

$18 81.5%

MIDTOWN

AMERICAN PLAZA 6060 S. AMERICAN PLAZA ST. TULSA, OK 74135

CBRE, INC. / TERRY PAYNE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

126,752 8 2013

11,053

MIDTOWN

BOSTON PLACE 1516 S BOSTON AVE TULSA, OK 74119

MAIN SQUARE TOWERS, INC. / RACHEL COX / 918-398-2745 1601 S. MAIN TULSA, OK 74159

44,611 4 1983

3,300 3,300 0

MIDTOWN

BOULDER TOWERS

• • • • • • • • • •

1437 S Boulder Ave

$17 91.3% $14 92.6%

Prestigious 15-story office tower Close to Inner Dispersal Loop, Downtown and the Gathering Place Close proximity to Ambassador Hotel Covered parking Building conference center Card access system with 24/7 security and building engineers Secure outdoor patio On-site bank, deli and convenience store Fitness center with showers and locker rooms On-site management and engineering

Contact: Terry Payne, SIOR CBRE, Inc. 918-665-3830 MIDTOWN

BOULDER TOWERS 1437 S BOULDER AVE TULSA, OK 74119

CBRE, INC. / TERRY PAYNE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

521,802 15 1960/1980

8,296 13,957

$17 97.3%

MIDTOWN

CBRE OKLAHOMA BUILDING 1401 S. BOULDER TULSA, OK 74119

CBRE, INC. / DWAYNE FLYNN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

38,089 3 1954

0 0 0

$13 100%

MIDTOWN

COLUMBIA OFFICE BUILDING 2651 E 21ST ST TULSA, OK 74114

DLRE, INC. / DANNY OVERTON / (918) 895-6700 3015 E. SKELLY DR., STE.410 TULSA, OK 74105

33,176 5 1959

1,440 2,200 0

$15 93.4%

MIDTOWN

COMMERCE TOWER 5801 E 41ST ST TULSA, OK 74135

CBRE, INC. / MARY MARTIN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

96,000 10 1981

2,803 22,276 0

$14 76.8%

MIDTOWN

CORPORATE PLACE 5800 E SKELLY DR TULSA, OK 74135

CBRE, INC. / MARY MARTIN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

120,000 13 1973

8,509 25,998 0

$14.50 78.3%

MIDTOWN

FORMER SCOTTISH RITE BUILDING 6355 E. SKELLY DR. TULSA , OK 74135

CBRE, INC. / LESLIE KIRKPATRICK CORNELL / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

53,700 3 1970

53,700

MIDTOWN

FOUNTAINS 4815-4867 S SHERIDAN TULSA, OK 74145

BAUER & ASSOCIATES / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

87,700 1 1970

1,567 8,623 0

$12.65 90.2%

MIDTOWN

FULTON 46 BUILDING 5350 E 46TH ST TULSA, OK 74135

BAUER & ASSOCIATES / SHEILA COOPER / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

23,347 2 1978

6,298 8,798 0

$10.50 62.3%

MIDTOWN

HARVARD 41 4130-4154 S HARVARD TULSA, OK 74135

MONTE DUNHAM R.E. / PERRY DUNHAM / 918-627-4230 6355 E. 41ST ST. TULSA, OK 74145

40,000 2

956 2,337 0

$14.50 94.2%

MIDTOWN

HARVARD GARDENS 4520 S HARVARD TULSA, OK 74135

MONTE HERREL / 918-671-5262 TULSA, OK 74135

23,219 2 1981

0 0 0

$15 100.0%

MIDTOWN

HARVARD TOWER 4815 S HARVARD AVE TULSA, OK 74135

BAUER & ASSOCIATES / DOUG BAUER / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

66,500 6 1969

5,164 20,263 0

$12 69.5%

$6.48 0%

NOTE EXPANDED LISTING

32

PROJECT NAME ADDRESS CITY / STATE / ZIP

MIDTOWN

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) FLOORS YEAR BUILT

INTERNATIONAL PLAZA

• • • • • • •

1350 S Boulder Ave

CONTIGUOUS SPACE TOTAL AVAILABLE SUBLEASE SPACE

GROSS RENTAL RATE % LEASED

Superb Location in the heart of uptown Tulsa Terrific 360° Views Marvelous Interior Finishes Common Area Meeting Room Exercise Facility, Lockers and Showers Great Proximity to the IDL and BA Expressway Ample onsite parking

Contact: Barry K. Boethin, 1350 S Boulder, Suite 100, 918-585-6488 MIDTOWN

INTERNATIONAL PLAZA 1350 S BOULDER AVE TULSA, OK 74119

MIDTOWN

MAPCO PLAZA

INTERNATIONAL PLAZA / BARRY BOETHIN / 918-585-6488 1350 S. BOULDER STE. 100 TULSA, OK 74119 • • • • • • • • • • •

1717 S Boulder Ave W

115,000 12 1957

5,517 5,700 0

$16.50 95%

On-site management & ownership and after-hours security Abundant free parking including covered executive parking New 75 seat common area conference center with AV equipment Individual thermostat controls Standby generators provide protected power 24/7 New fitness center with men’s/women’s locker rooms and showers Easy access to expressways and within 25 minutes of any point in Tulsa 24-hour card access system and closed circuit video surveillance River Trails and A Gathering Place within walking/biking distance Nice residential neighborhoods surround the area AT&T and Cox updated infrastructure

Contact: Patrick Coates, CCIM, 918-610-0700 Coates Commercial Properties, LLC www.coatesproperties.com MIDTOWN

MAPCO PLAZA 1717 S BOULDER AVE W TULSA, OK 74119

COATES COMMERCIAL PROPERTIES, LLC / PATRICK COATES, CCIM / 918-610-0700” 4111 S. DARLINGTON, STE 640, TULSA, OK 74135

140,825 10 1983

13,261 13,261 0

$16.50 90.6%

MIDTOWN

MERIDIAN TOWER 5100 E SKELLY DR TULSA, OK 74135

WIGGIN PROPERTIES, LLC / VICKI PATTERSON / 918-935-2010 5100 E. SKELLY DR, STE 110, TULSA, OK 74103-74135

205,891 10 1981

21,323 24,100 0

$21.50 88.3%

MIDTOWN

MIDWAY OFFICE BUILDING 2727 E 21ST ST TULSA, OK 74114

TWENTY-FIRST PROPERTIES, INC. / MIKE ESTUS / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

46,769 6 1974

5,778 12,132 0

$14.50 74.1%

MIDTOWN

ONE PLACE TOWER 202 S. CHEYENNE AVE TULSA, OK 74105

ONE PROPERTY MANAGEMENT / DAVID ATKINSON / 918-574-8776 201 S. DENVER AVE, BOX 1, TULSA, OK 74103

328,543 17 2013

6,501 16,139 0

$20 95.1%

MIDTOWN

PARKLAND PLAZA 2121 S COLUMBIA AVE TULSA, OK 74114

TWENTY-FIRST PROPERTIES, INC. / MIKE ESTUS / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

52,415 7 1969

2,707 9,470 0

$13.50 81.9%

MIDTOWN

PEACHTREE SQUARE 4157 S. HARVARD TULSA, OK 74135

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

25,000 1980

1,446 1,446 0

$14 94.2%

MIDTOWN

SOUTHLAND TOWER 4111 S DARLINGTON AVE TULSA, OK 74135

PRICE EDWARDS / TANDA FRANCIS / 918-394-1000 7633 E. 63RD PL., STE. 400 TULSA, OK 74133

115,376 12 1995

25,000 69,226 10,654

$14 40.0%

MIDTOWN

ST. JOHN BUILDING CORP 1924 S UTICA AVE TULSA, OK 74104

ADWON PROPERTIES, INC. / JORDAN HELMERICH / 918-749-9555 PO BOX 52808, TULSA, OK 74152

123,480 14 1975

8,343 26,307 0

$17.50 78.7%

MIDTOWN

UTICA PLACE 2200 S UTICA PL TULSA, OK 74110

BUMGARNER ASSET MGMT / CHRIS BUMGARNER / 918-587-1900 401 S. BOSTON , STE 3400, TULSA, OK 74103

110,000 10 2008

6,000 6,000 0

$25 94.5%

MIDTOWN

UTICA PLAZA 2100 S UTICA TULSA, OK 74114

BUMGARNER ASSET MGMT / CHRIS BUMGARNER / 918-587-1900 401 S. BOSTON , STE 3400, TULSA, OK 74103

53,000 5 1996

0 0 0

$23 100.0%

MIDTOWN

WESTERN FINANCIAL CENTER 4880 S LEWIS AVE. TULSA, OK 74105

DIXON R.E. CO., INC. / RENETTE DIXON / 918-748-0308 4870 S. LEWIS, SUITE 100 TULSA, OK 74105

50,098 2 1983

13,717 18,040 0

$15 64.0%

NOTE EXPANDED LISTING

33

OFFICE | SEE ZONES PAGE 27

PROJECT NAME ADDRESS CITY / STATE / ZIP

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) FLOORS YEAR BUILT

CONTIGUOUS SPACE TOTAL AVAILABLE SUBLEASE SPACE

GROSS RENTAL RATE % LEASED

NORTH NORTH

AIRPORT OFFICE WAREHOUSE 2133 N SHERIDAN TULSA, OK 74115

WOLF GROUP PROPERTIES, LLC / HOWARD WOLF / 918-584-1425 320 S. BOSTON AVE., STE. 202, TULSA, OK 74103

29,680 1 2002

4,200 6,000 0

$5.40 79.8%

NORTH

VERIZON CHEROKEE CAMPUS 6929 N LAKEWOOD AVE TULSA, OK 74117

PRICE EDWARDS / TANDA FRANCIS / 918-394-1000 7633 E. 63RD PL., STE. 400 TULSA, OK 74133

860,000 4 1985

145,994 366,345 0

$13 57.4%

EQUITAS REALTY ADVISORS / MARCO PLACENCIA / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

53,755 1 1969

0 0 157,000

$4.55 100.0%

NORTHEAST NE

GREEN VALLEY CENTER 11333 E PINE ST TULSA, OK 74116

OWASSO OWASSO

FIRST BANK CENTER 8601 N GARNETT ROAD OWASSO, OK 74055

TRINITY CORPORATE REAL ESTATE ADVISORS, LLC / DEREK BATEMAN / 918-493-8888 2448 EAST 81ST, STE. 188, TULSA, OK 74137

65,000 2 2009

12,000 23,900

$19 63.2%

OWASSO

VILLAGE OFFICE 8551 N. 125TH E. AVE. OWASSO, OK 74055

OWASSO LAND TRUST / BOB PARKER / 918-605-5865 12150 E. 96TH ST. N., STE 200 OWASSO, OK 74055

19,700 2 2004

2,772 2,772 0

$17 85.9%

SOUTH SOUTH

51 YALE BUILDING 5110 S YALE TULSA, OK 74135

CBRE, INC. / MARY MARTIN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

72,000 5 1982

7,609 12,598 0

$15 82.5%

SOUTH

6655 LEWIS BUILDING 6655 S LEWIS AVE TULSA, OK 74135

PRICE EDWARDS / MATT SURRETT / 918-394-1000 7633 E. 63RD PL. , STE. 400 TULSA, OK 74133

50,672 3 1986

8,400 26,146 0

$18.50 48.4%

SOUTH

ADS BUILDING 8301 E. 51ST ST. TULSA, OK 74145

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

25,126 2

14,292 19,549 0

$10 22.2%

SOUTH

AMERICAN PLAZA 6011 S URBANA AVE TULSA, OK 74101

PAINE & ASSOCIATES / MATT MARDIS / 918-481-5380 5810 E. SKELLY DR, STE. 1900 TULSA, OK 74135

81,000 8 2013

2,900 2,900

$23.50 96.4%

SOUTH

ATLANTA SOUTH OFFICE PARK 2502-2532 E 71ST TULSA, OK 74136

TWENTY-FIRST PROPERTIES, INC. / MIKE ESTUS / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

81,450 1 1980

1,843 7,751 0

$13 90.5%

SOUTH

AUTUMN OAKS 6846 S CANTON TULSA, OK 74136

PRICE EDWARDS / MATT SURRETT / 918-394-1000 7633 E. 63RD PL., STE. 400 TULSA, OK 74133

117,590 7 1982

35,419 77,499 0

$15 34.1%

SOUTH

BANC FIRST BUILDING 7625 E 51ST TULSA, OK 74145

BAUER & ASSOCIATES / LARRY MANLEY / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

34,164 5 1983

0 0 0

SOUTH

BOK PLACE AT SOUTHERN HILLS 5727 S LEWIS AVE TULSA, OK 74105

ROBINSON PARK / AMITY MCCABE / 405-235-6255 211 N. ROBINSON AVE OKLAHOMA CITY, OK 73102

124,464 8 1985

6,950 19,629 0

$22 84.2%

SOUTH

BRADEN PARK 7170 S BRADEN TULSA, OK 74136

CBRE, INC. / TERRY PAYNE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

29,274 2 1990

0 0 0

$13 100%

SOUTH

BRANIFF MART 5401 S SHERIDAN RD TULSA, OK 74145

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

32,000 0 1978

3,000 8,100 0

$10 74.7%

SOUTH

CENTRAL BANK BUILDING 8908 S YALE AVE TULSA, OK 74137

CBRE, INC. / LESLIE KIRKPATRICK CORNELL / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

59,739 4 1984/1995

996 996 0

$20 98.3%

100%

NOTE EXPANDED LISTING

34

PROJECT NAME ADDRESS CITY / STATE / ZIP

SOUTH

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

CITYPLEX TOWERS

SIZE (RSF) FLOORS YEAR BUILT

CONTIGUOUS SPACE TOTAL AVAILABLE SUBLEASE SPACE

GROSS RENTAL RATE % LEASED

• 24/7 operations & security • On-site food court, conference & banquet facilities, meeting rooms, auditoriums, convenience store • Large, efficient floor plates • Two primary electrical feeds with automatic transfer • Dual entrance sonet ring fiber optics • Additional development sites for build-to-suit

2408-2488 E 81st

Contact: Michael Predovic, Trinity Corporate Real Estate Advisors, 918-493-8888 SOUTH

CITYPLEX TOWERS 2408-2488 E 81ST TULSA, OK 74137

TRINITY CORPORATE REAL ESTATE ADVISORS, LLC / MICHAEL PREDOVIC / 918-493-8888 2448 EAST 81ST , STE. 188, TULSA, OK 74137

1,549,172 60 1981

72,000 569,311 17,710

$14-$15 63%

SOUTH

COPPER OAKS (PHASES I & II) 7010-7060 S YALE TULSA, OK 74136

ROBINSON PARK / AMITY MCCABE / 405-235-6255 211 N. ROBINSON AVE , OKLAHOMA CITY, OK 73102

55,790 21 1983

175 175 0

$14.50 99.7%

SOUTH

CORPORATE OAKS 5555 E 71ST TULSA, OK 74136

OIL CAPITAL COMMERCIAL / MIKE SCHNAKE / 918-622-6066 5555 E. 71ST STREET, SUITE 8300, TULSA, OK 74136

52,257 3 1984

2,856 12,335 0

$14.50 76.4%

SOUTH

ETON SQUARE OFFICE CENTRE 8321 EAST 61ST STREET TULSA, OK 74133

43,446 2 1985

7,033 33,921 779

$11 21.9%

SOUTH

EXECUTIVE CENTER #1

• • • • • • •

7136 S Yale Ave

Superb Corner Location at 71st and Yale Newly Renovated Lobbies and Common Areas On-site Management Attractive Landscaping Ample Parking On-site Banking, Deli and Other Amenities Fiber Telecommunications Available

Contact: Scott Morgan, Coury Properties, Inc., 918-556-8214

SOUTH

EXECUTIVE CENTER #1 7136 S YALE AVE TULSA, OK 74136

COURY PROPERTIES, INC. / SCOTT MORGAN / 918-583-0201 7134 S. YALE, SUITE 125 TULSA, OK 74136

73,516 5 1982

1,145 1,145 0

$16.50 98.4%

SOUTH

EXECUTIVE CENTER II 7134 S YALE AVE TULSA, OK 74136

COURY PROPERTIES, INC. / SCOTT MORGAN / 918-583-0201 7134 S. YALE, SUITE 125 TULSA, OK 74136

113,369 9 1984

7,428 20,618 0

$16.50 81.8%

SOUTH

FOX PLAZA 5416 S YALE AVE TULSA, OK 74135

TWENTY-FIRST PROPERTIES, INC. / MIKE ESTUS / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

80,930 6 1970

13,968 23,300 0

$12.50 71.2%

SOUTH

GEOPHYSICAL RESOURCE CAMPUS 8801 S YALE TULSA, OK 74137

PRICE EDWARDS / MATT SURRETT / 918-394-1000 7633 E. 63RD PL., STE. 400 TULSA, OK 74133

102,000 5 1984

3,848 10,314 0

$21 89.9%

SOUTH

GEOPHYSICAL RESOURCE CAMPUS 8811 S YALE (NEW BUILDING) TULSA, OK, 74137

PRICE EDWARDS / MATT SURRETT / 918-394-1000 7633 E. 63RD PL., STE. 400 TULSA, OK 74133

78,992 4 2015

0 0 0

$25 100.0%

NOTE EXPANDED LISTING

35

OFFICE | SEE ZONES PAGE 27

PROJECT NAME ADDRESS CITY / STATE / ZIP

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) FLOORS YEAR BUILT

CONTIGUOUS SPACE TOTAL AVAILABLE SUBLEASE SPACE

GROSS RENTAL RATE % LEASED

SOUTH

GRACE BUSINESS CENTER 6218 S LEWIS AVE TULSA, OK 74136

CBRE, INC. / LESLIE KIRKPATRICK CORNELL / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

25,478 2 1973

4,120 7,126 0

$13.50 72.0%

SOUTH

IBC TOWER 2250 E 73RD ST TULSA, OK 74136

PRICE EDWARDS / TANDA FRANCIS / 918-394-1000 7633 E. 63RD PL., STE. 400 TULSA, OK 74133

62,998 6 1982

6,632 8,561 0

$16 86.4%

SOUTH

INTERNATIONAL TOWER 5200 S. YALE AVE. TULSA , OK 74135

BAUER & ASSOCIATES / VICKI TAPP / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

32,836 7

2,295 11,786 0

$12 64.1%

SOUTH

KENSINGTON BUSINESS CENTER 7140 S LEWIS AVE TULSA, OK 74136

RUFFIN PROPERTIES / CARL VINCENT / 918-493-7100 7130 S. LEWIS, SUITE 250 TULSA, OK 74136

235,973 2 1983

16,542 56,183 0

$15.50 76.2%

SOUTH

KENSINGTON TOWER I 7130 S LEWIS AVE TULSA, OK 74136

RUFFIN PROPERTIES / CARL VINCENT / 918-493-7100 7130 S. LEWIS, SUITE 250 TULSA, OK 74136

164,592 10 1984

46,039 79,483 0

$18.50 51.7%

SOUTH

LEWIS PARK 5319 S LEWIS TULSA, OK 74105

PRICE EDWARDS / TANDA FRANCIS / 918-394-1000 7633 E. 63RD PL., STE. 400 TULSA, OK 74133

17,805 2 1985

0 0 0

$13 100%

SOUTH

LEWIS SQUARE OFFICE PARK 6202 S LEWIS AVE TULSA, OK 74136

PARAMOUNT COMMERCIAL PROP. / ALAN HARJU / 918-743-8000 6202 S. LEWIS, SUITE E, TULSA, OK 74136

28,344 1 1981

1,013 1,995 0

$13.50 93.0%

SOUTH

MARKET PLACE WEST 9410 E 51ST ST TULSA , OK 74145

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

27,600 1984

6,474 6,474 0

$11 76.5%

SOUTH

OAK CLIFF TERRACE I & II 6711 & 6717 S YALE TULSA, OK 74136

TWENTY-FIRST PROPERTIES, INC. / MIKE ESTUS / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

36,005 2 1976

3,021 8,485 0

$13 76.4%

SOUTH

ONE MEMORIAL PLACE 7633 E 63RD PL TULSA, OK 74133

PRICE EDWARDS / TANDA FRANCIS / 918-394-1000 7633 E. 63RD PL., STE. 400 TULSA, OK 74133

88,796 5 1981

9,392 27,395 0

$16.50 69.1%

SOUTH

OXFORD PLACE 6600 & 6666 S Sheridan

• • • • • •

Superb South Tulsa Location Covered Parking Richly Appointed Entries and Common Areas Flexible floor plans Abundant Landscaping Major Remodel & Improvements Completed in 2013

Contact: Alan Harju, Paramount Commercial Properties, LLC, 918-743-8000 or 918-645-2355

SOUTH

OXFORD PLACE 6600-6666 S SHERIDAN ROAD TULSA, OK 74133

SOUTH

PARK TOWERS 5314 S Yale Ave

PARAMOUNT COMMERCIAL PROP. / ALAN HARJU / 918-743-8000 6202 S. LEWIS, SUITE E, TULSA, OK 74136

• • • • • • •

82,611 4 1986/2013

14,521 24,552 0

$17.50 70.3%

On-site banking w/Drive-Thru Convenient location in the geographic center of Tulsa along the popular Yale Office corridor overlooking Lafortune Park Recently renovated building lobby Distinctive architecture makes Park Towers one of the most identifiable buildings in the city Local ownership ensures prompt and professional attention to Tenant’s needs Abudant surface parking lot with recent asphalt overlay and re-striping Efficient floor plates with small and large blocks

Contact: Jason M. Kennon, Case & Associates Properties, Inc., 918-492-1983

SOUTH

PARK TOWERS 5314 S YALE AVE TULSA, OK 74135

CASE & ASSOCIATES / JASON KENNON / 918-492-1983 4200 E. SKELLY DRIVE, SUITE 800 TULSA, OK 74135

107,075 11 1981

5,000 10,000 0

$17 90.7%

NOTE EXPANDED LISTING

36

PROJECT NAME ADDRESS CITY / STATE / ZIP

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) FLOORS YEAR BUILT

CONTIGUOUS SPACE TOTAL AVAILABLE SUBLEASE SPACE

GROSS RENTAL RATE % LEASED

SOUTH

PRISM OFFICE BUILDING 8282 S MEMORIAL DR TULSA, OK 74133

TWENTY-FIRST PROPERTIES, INC. / MIKE ESTUS / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

80,450 4 1982

4,892 6,740 0

$16 91.6%

SOUTH

RICH & CARTMILL BUILDING 2738 E 51ST TULSA, OK 74105

COATES COMMERCIAL PROPERTIES, LLC / PATRICK COATES, CCIM / 918-610-0700” 4111 S. DARLINGTON, STE 640, TULSA, OK 74135

45,683 4 1985

1,521 3,177 0

$16 93.0%

SOUTH

RICHMOND PLAZA • • • •

Attractive granite and glass exterior Stunning views of the city Immediate access to the city’s expressway system Less than 15 minutes to Downtown, and to Tulsa’s International and Riverside Airports • Near hotels, restaurants, shopping centers and recreation • On-Site banking facilities with ATM

4200 E Skelly Dr

Contact: Jason M. Kennon, Case & Associates Properties, Inc., 918-492-1983

SOUTH

RICHMOND PLAZA 4200 E SKELLY DR TULSA, OK 74135

CASE & ASSOCIATES / JASON KENNON / 918-492-1983 4200 E. SKELLY DRIVE, SUITE 800 TULSA, OK 74135

166,332 10 1983

6,000 10,000 0

$21 94.0%

SOUTH

RIVERBRIDGE OFFICE PARK 1323 E 71ST ST TULSA, OK 74136

CBRE, INC. / MARY MARTIN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

67,000 4 1984

44,855 44,855 0

$14 33.1%

SOUTH

RIVERWALK CROSSING 300-100 RIVERWALK JENKS, OK 74137

PAINE & ASSOCIATES / MATT MARDIS / 918-481-5380 5810 E. SKELLY DR, STE. 1900 TULSA , OK 74135

111,162 2

11,292

$14 100.0%

SOUTH

ROAD SCIENCE BUILDING 6502 S YALE AVE TULSA, OK 74136

CUSHMAN & WAKEFIELD / COMMERCIAL OKLAHOMA INC. / JARED ANDRESEN / 918-359-3520 4111 S. DARLINGTON, STE. 1190, TULSA, OK 74135

188,041 3 1987

109,508 109,508 109,508

$12 41.8%

SOUTH

SHADOW MOUNTAIN OFFICE CENTER 5840 S MEMORIAL DR TULSA, OK 74145

TWENTY-FIRST PROPERTIES, INC. / MIKE ESTUS / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

66,500 3 1980

9,529 27,222 0

$10.50 59.1%

SOUTH

SOUTHERN HILLS TOWER 2431 East 61st Street

• • • •

Magnificent view of Southern Hills Country Club and Golf Course Executive Covered Parking High Quality, Class A Office Building Nearby restaurants, retail centers, hotel, convention facilities and exclusive residential neighborhoods • Easy access to I-44, Hwy 75, Riverside Drive and the Creek Nation Turnpike • On-site banking facilities with drive-thru and ATM Contact: Jason M. Kennon, Case & Associates Properties, Inc., 918-492-1983

SOUTH

SOUTHERN HILLS TOWER 2431 E 61ST TULSA, OK 74136

CASE & ASSOCIATES / JASON KENNON / 918-492-1983 4200 E. SKELLY DRIVE, SUITE 800 TULSA, OK 74135

151,879 8 1981

1,600 3,000 0

$21 98.0%

SOUTH

SOUTHERN OAKS 7335 S LEWIS AVE TULSA, OK 74136

CUSHMAN & WAKEFIELD / COMMERCIAL OKLAHOMA INC. / JARED ANDRESEN / 918-359-3520 4111 S. DARLINGTON, STE. 1190, TULSA, OK 74135

31,728 3 1985

4,310 4,310 0

$15 86.4%

SOUTH

SOUTHERN RIDGE • • • • • • •

6506 S Lewis Ave

Prime Locations near Southern Hills Country Club Renovated Lobbies and Common Areas Ample Lighted Parkings 24-hour Access Fiber Telecommunications Available Prompt Attention by Building Management Attractive Lease Rates

Contact: Scott Morgan, Coury Properties, Inc., 918-556-8214

SOUTH

SOUTHERN RIDGE 6506 S LEWIS AVE TULSA, OK 74136

COURY PROPERTIES, INC. / SCOTT MORGAN / 918-583-0201 7134 S. YALE, SUITE 125 TULSA, OK 74136

65,705 2 1984

4,347 13,920 0

$13 78.8%

NOTE EXPANDED LISTING

37

OFFICE | SEE ZONES PAGE 27

PROJECT NAME ADDRESS CITY / STATE / ZIP

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) FLOORS YEAR BUILT

CONTIGUOUS SPACE TOTAL AVAILABLE SUBLEASE SPACE

GROSS RENTAL RATE % LEASED

SOUTH

THE PARK 5151-5157 E 51ST TULSA, OK 74135

FEARS & CLARK / BRAXTON FEARS / 918-481-2080 11620 E. SKELLY DR TULSA, OK 74135

56,756 2 1977

56,756 56,756 0

$12.50 0%

SOUTH

THREE MEMORIAL PLACE 7615 E 63RD PL TULSA, OK 74133

CBRE, INC. / MARY MARTIN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

47,000 2 1982

6,933 7,821 0

$15 83.4%

SOUTH

TRIAD CENTER I 7666 E. 61ST S TULSA, OK 74133

CBRE, INC. / MARY MARTIN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

147,000 6 1982

17,170 58,377

$16.50 60.3%

SOUTH

TRIAD II 7645 E 63RD ST TULSA, OK 74133

TWENTY-FIRST PROPERTIES, INC. / MIKE ESTUS / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

151,023 6 1986

87,000 107,430 0

$15 28.9%

SOUTH

TWO MEMORIAL PLACE 8023 E 63RD PL TULSA, OK 74133

CBRE, INC. / MARY MARTIN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

135,000 8 1982

7,922 18,436 0

$16.50 86.3%

SOUTH

WALNUT CREEK OFFICE COMPLEX 82ND & HARVARD TULSA, OK 74137

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

19,605

4,856 4,856 0

$13.50 75.2%

SOUTH

WARREN PLACE 6100 South Yale Avenue

• Nearly one million square feet of office space in two award-winning towers • Central South Tulsa location - 61st and Yale • 52 acre landscaped office campus • Located with the elegant Doubletree Hotel Contact: Kelly McKoy, 918-403-9160 kmckoy@mckoycompnay.com

SOUTH

WARREN PLACE ONE 6100 S YALE TULSA, OK 74136

MCKOY COMPANY / KELLY MCKOY / 918-491-9267 6100 S. YALE AVE, SUITE 390 TULSA, OK 74136

470,025 20 1983

36,233 96,716 46,257

$25 79.4%

SOUTH

WARREN PLACE TWO 6120 S YALE TULSA, OK 74136

MCKOY COMPANY / KELLY MCKOY / 918-491-9267 6100 S. YALE AVE, SUITE 390 TULSA, OK 74136

489,870 19 1986

26,275 47,859

$25 90.2%

SOUTH

WATERFORD PLAZA 9108 S. SHERIDAN TULSA, OK 74133

W/S COMMERCIAL / LINDSEY WARREN / 918-688-4040 3509 S. PEORIA AVE., STE 500 TULSA, OK 74105

28,883 1 2007

8,993 11,193 0

$15 61.2%

SOUTH

YORKTOWN PLACE 6914 S YORKTOWN TULSA, OK 74136

NAI RUPE HELMER, LLC / PAM AVISON / 918-745-1133 6846 S. CANTON AVE,, SUITE 250 TULSA, OK 74136

50,988 2 1987

5,219 13,091 0

$12 74.3%

SOUTH

YORKTOWN PLAZA 2087 E. 71ST ST. TULSA, OK 74136

CBRE, INC. / TERRY PAYNE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

110,516 2 1988

SOUTH

BRIDGEPORT OFFICE PARK 6400 S. LEWIS AVE TULSA, OK 74136

DLRE, INC. / DANNY OVERTON / (918) 895-6700 3015 E. SKELLY DR., STE.410 TULSA, OK 74105

36,000 2 1982

56,000 14,000 1,000

$12 49.3% $12.50 97.2%

NOTE EXPANDED LISTING

38

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NAIOP 2019 NAIOP Oklahoma Members

TREVOR ABARZUA Arizona Commerce Authority

WILLIAM P. BEICHLER Legacy Commercial Properties Advisors

CHRISTOPHER CARTER Hall Estill

RAYMOND DAVIS McGraw Commercial Properties

ZACHARY HARRIS Stan Johnson Co.

DICK ALABACK McGraw Commercial Properties

DAVID BENDEL Siegfried Companies Inc.

JOSH CHESNEY Cyntergy AEC

NATHAN ELLSWORTH Ellsworth Contraction

DARLA HELLER Broken Arrow Chamber

GRANT ALLEN HUB International

PAM BEWLEY Commercial Title & Escrow Services Inc.

MEGAN CHINOWTH GH2 Architects

TANDA FRANCIS Price Edwards & Co.

BRIAN L. HUMPHREY City National Bank and Trust

OWEN ARD JLL Valuation & Advisory Services

ROSS BISHOP Grand Bank

STEPHANIE CLIFF HUB International

STEVE GANZKOW American Residential

COLLIER IMGRUND Newmark Grubb Levy Strange Beffort

sultants Inc. MICHAEL D. ARGO McGraw Commercial Properties

RACHEL BLANKENSHIP Secure Title & Escrow LLC

DAVID COBB Terracon Con

RYAN GORMAN Advocate Commercial Real Estate Advisors LLC

CARA LEIGH INGRAM McGraw Commercial Properties

sultants Inc. AARON ARMSTRONG BancFirst Tulsa

LISA BRANDES McGraw Commercial Properties

KATHERINE COFER KKT Architects Inc.

DREW ARY Keller Williams Realty

SUSAN BUCK Flintco LLC

ANDREW K. COFFEY Arvest Bank

BLAKE GOSSETT RECO Enterprises

JOHN G. GRAY McGraw Commercial Properties

KORBIN K. IRWIN BOK Financial

TIM JAMES Crossfirst Bank

sultants Inc. DAVID E. ATKINSON One Property Management

CHRIS J. BUMGARNER BAM LLC

CONNOR M. COOPER FirsTitle and Abstract Services

DEREK J. BATEMAN Trinity Corporate Real Estate Advisors LLC

JEFFREY B. BYERS Byers Company

KEVIN COULTER JLL Valuation & Advisory Services

JARED L. CABLE First National Bank & Trust

NEIL T. DAILEY McGraw Commercial Properties

BRIAN BEAM Owasso Land Trust

40

BRADI GROSS Walman Commercial Real Estate Services LLC

RICK GUILD The Guild Co.

JOSEPH HARDZOG American Heritage Bank

WILLIAM B. JONES PrayWalker

JASON M. KENNON Case & Associates

DAVE KOLLMANN Flintco LLC

GARY KRISMAN McGraw Commercial Properties

JOE NEAL Price Family Properties

STEPHANIE D. PUTZKE Cyntergy AEC

TAMIE SEMLER Secure Title & Escrow LLC

JASON TING Ting Realty

ALEX LEIKAM BOK Financial

BRADY NGUYEN Capital Insurance Partners LLC

KRISTI RADEBAUGH Larco Properties LLC

RYAN J. SHAFFER CBRE

CRAIG TOMLINSON Stan Johnson Co.

ROBERT K. LEIKAM American Residential Group LLC

ALICIA J. NOLEN GBR Properties

ERIC RALSTON Crossfirst Bank

KARA SMITH Rupe Helmer Group

JEFF TRACY Stan Johnson Co.

KIMBERLY LEWIS FirsTitle & Abstract Services LLC

CRAIG O’CONNOR HUB International

JASON RANDALL Legacy CPA

LARRY SMITH Larco Properties LLC

CAITIE-BETH TRUITT Truco Development

NICHOLAS LOMBARDI Frisbie Lombardi Commercial Real Estate Services

THOMAS P. O’KEEFE INTRUST Bank

CHRIS RECTOR Firstar Bank

JOEY SNYDER First Fidelity Bank

CAREY VELEZ McGraw Commercial Properties

DANNY OVERTON DLRE Inc.

DANIEL REGAN Price Family Properties

ASHLEY L. STEPHENSON WorkSpace Resource Inc.

CARL VINCENT Ruffin Properties

BOB PARKER Owasso Land Trust

ERIN RENFROW Roofing Life

DAVID STEWART Mid-America Industrial Park

STEVEN WATTS Addax Development

BRIAN PAINE Paine & Associates

WILLIAM RICHERT Richert Properties Inc.

WARREN STEWART McGraw Commercial Properties

KENNETH WEBB Blackshare Environmental Solutions

MARNIE PHELPS Manhattan Construction Co.

DAVIS ROBSON The Robson Companies Inc.

ALAN TAYLOR Wallace Engineering

CAREY WEDDLE American Heritage Bank

GENE PHILLIPS Wallace Engineering

JOE ROBSON The Robson Companies Inc.

JAKE TAYLOR Commerce Bank

LUKE WESTERFIELD Tulsa Property Group LLC

BOB PIELSTICKER CBRE

JOSHUA D. ROBY Grand Bank

GARET D. THOMPSON BOK Financial

KELLY WIECZOREK Larco Properties LLC

ALEXANDER J. POWELL CBRE

HUNT ROSE Stan Johnson Company

MATT THOMPSON Thompson Construction Inc.

DEBRA WIMPEE Oklahoma Chapter, NAIOP

MIKE SCHAUF II Custom Cleaning

BRIEN THORSTENBERG Tulsa Regional Chamber

DAVID LOONEY Legacy Commercial Properties Advisors

RONALD S. LOONEY BLR Properties Inc.

RYAN LYNCH Bank2

GARRETT MAHANEY Paine & Associates LLC

MATTHEW C. MARDIS Paine & Associates LLC

RYAN MCDANIEL Blue Sky Bank

BILL MILLER BancFirst Tulsa

SCOTT MORGAN Coury Properties

41

42

R E TA I L O V E R V I E W

IN FULL SWING Evolution brings opportunity to the 2020 retail market.

Daniel Hurwitz, the chairman of the International Council of Shopping Centers, recently said, “Bricks-and-mortar retail has the most significant role in retail and always will, but it needs to adjust. Retail has always been an evolutionary process.” Successful bricks-and-mortar retail businesses are incorporating the best in technology while giving consumers a reason to visit the physical store. Whether it’s the convenience of picking up online orders at your local store, speeding through lines by utilizing self-checkout, or carrying and activating discount coupons from your cell phone, stores of all sizes are leveraging technology to bring more consumers to their doors.

BY GRANT STEWART 43

R E TA I L O V E R V I E W

Tulsa is experiencing these changes first-hand.

dictate the state of the retail market in 2020

Services such as Grub Hub and Uber Eats pro-

and beyond.

vide online ordering and home delivery for restaurants throughout the metro area. Local Target and Reasor’s stores have introduced

ECONOMY

The underlying state of the national economy

Shipt to their customers with an in-store per-

in 2018 and into the first half of 2019 has been

sonal shopper selecting goods for their online

sound. Consumer confidence has surged and

client and delivering those goods to homes in

is nearing an 18-year high. The labor market

the metro area. Restaurants are introducing

remains tight with a 3.7% unemployment rate,

multiple amenities for online customers like

according to the Bureau of Labor Statistics.

reserved parking, curbside pick-ups, pick-up

In summary, more people are working, they are

counters with private entry and racks that hold

making more money and their taxes are lower.

online orders enabling customers to grab and

All of this as the U.S. economic expansion

go. These interactions with online customers

enters its 11th year.

are changing the traffic flow within center parking lots and space configuration needs for retail

Locally, in 2018 the Tulsa metro area experi-

tenants. The evolution of retail is in full swing

enced similar positive trends with an unem-

and we are witnessing it at a faster pace than

ployment rate of 3.6%, increases in wages and

years before. Economic trends, technology

salaries of 2.5% and a per capita income

and consumer shopping habits will continue to

increase estimated to be 11.1%, according to

EXPANDING RETAIL AND RESTAURANTS IN 2018/2019/2020

AutoZone multiple locations across the metro area

Casey’s Owasso, Jenks, Broken Arrow

BJ’s Brew House 71st Street

Club Pilates 9136 S. Sheridan Road, Suite C; 3230 E. 21st St.

Five Below 8802 E. 71st St., 5207 E. 41st St.

44

Black Bear Diner 9026 E. 71st St.

Cycle Bar 9110 S. Yale Ave., Suite B

Pet Supplies Plus 8221 E. 61st St., Suite A

Blue Coast Juicy Seafood 8215 E. 71st St.

Del Taco East 71st Street and South Mingo Road

Pub W 4830 E. 61st St., Suite 100

Burn Boot Camp 500 Riverwalk Terrace, Suite 175, Jenks

Dunkin’ Donuts 1101 N. Aspen Ave., Broken Arrow

Neighborhood Jam 4830 E. 61st St., Suite 300

Plaza in the 71st Street corridor. The former

the 2019 Tulsa Economic Profile. All these fac-

Toys R Us at 6910 S. Memorial Drive is being

tors are positive for the consumer and for the

subdivided to make room for Ollie’s Bargain

retailers. Despite the strong economic cycle,

Outlet and AutoZone. A large part of the retail

significant headwinds caused by trade wars and

evolution focuses on food, entertainment and

recent earning announcements are signifying that the cycle may be coming to an end.

experiences. Tulsa has witnessed these trends

HOW IS THE EVOLUTION IMPACTING

during late 2018 and early 2019 and is anchored

with The Shops at Warren Place, which opened

RETAIL IN OUR BACKYARD?

by three Hal Smith Restaurants: Mahogany, Pub

in 2018 was relatively unchanged from 2017.

hall, Mother Road Market at East 11th Street

W and Neighborhood Jam. Tulsa’s first food

The retail landscape in the Tulsa metro area

and South Lewis Avenue, is another innovative

According to the Q4 Tulsa Marketview Report

approach to adaptive reuse of a large space.

from CBRE, overall occupancies dipped frac-

With more than 20 different local retail and

tionally to just over 94%. Closed Big Box stores

restaurant concepts under one roof, Mother

continue to be backfilled, subdivided or taken

Road Market is capitalizing on the experi-

out of service. With few expanding retailers

ence of dining to serve the multi-generational

with footprints of 20,000 square feet or larger,

demands of consumers.

many of these landlords are being forced to invest to subdivide the spaces or have them sit empty. Some of the tenants backfilling these

WHAT’S ON THE HORIZON FOR

spaces include Five Below, Ollie’s Bargain

NEW DEVELOPMENTS?

The dominant news in Tulsa retail continues

Outlet, various fitness users and non-traditional retail users.

to be the highly anticipated opening of an

Five Below is expanding into existing vacant

cussions about an outlet mall, Simon Property

outlet mall. After more than four years of disGroup acquired a 51-acre site in Jenks where

locations at Southroads Village and Woodland

NET ABSORPTION AND OCCUPANCY Net Absorption (NSF)

Occupancy (%)

1,600

96

1,400 95

1,200 1,000

94

800 93

600) 400

92

200 91

0 (200)

90 2006

2007

2008

2009

2010

2011

Annual Net Absorption

2012

2013

2014

2015

2016

2017

YTD2028

Occupancy

*CBRE Research, Q4 2018

The Tulsa State Fair has over 100 years of history, with an estimated attendance of 1.15 million in 2017.

45

R E TA I L O V E R V I E W

NEW DEVELOPMENTS PLANNED FOR 2019 AND BEYOND PROJECT NAME

LOCATION

SIZE

Tulsa Premium Outlets

Jenks

325,000 square feet

Garrett Creek - Phase II

Owasso

34,000 square feet

Smith Farm Marketplace - Phase III

Owasso

33 acres

Tiger Hill

Broken Arrow

31,000 square feet

1515 Cherry Street

Tulsa

28,000 square feet

NOTABLE TRANSACTIONS OF 2018 AND 2019 PROPERTY NAME

LOCATION

SALES PRICE

SF

PSF

Tulsa Hills

71st to 81st and Highway 75 Tulsa, OK

$70,000,000

336,344

$208.12

Shops of Broken Arrow

Lynn Lane and Highway 51 Broken Arrow, OK

$57,000,000

277,652

$205.29

Perimeter Square

31st and Garnett Tulsa, OK

$7,200,000

58,449

$123.18

Reasor’s Anchored Center

2400 N. Highway 66 Catoosa, OK

$6,400,000

73,213

$87.42

Aspen Park Village

1365 N. Aspen Ave. Broken Arrow, OK

$3,175,000

20,554

$154.47 *COSTAR

they will develop Tulsa Premium Outlets, a

Keep your eye on downtown! With more than

325,000-square-foot center. The outlet mall will

500,000 square feet of new office, residential

contain approximately 80 different stores and

and mixed-use projects planned or under con-

is scheduled to open in summer 2021. Aside

struction, not only will bar and restaurant activ-

from the outlet mall, the local and national mar-

ity continue, but look for local and national retail

kets are seeing very little expansion from larger

and service providers to also arrive.

retailers, other than discount, that would typically anchor a project. Restaurants, local retail, fitness and medical users are driving most of

TRANSACTIONS: LEASING AND SALES

Late 2018 saw several significant sales transac-

today’s activity. The suburbs will see some

tions with many institutional investors reducing

moderate new construction activity with Phase

their exposure in the power center segment.

III of Smith Farm Market (Owasso), Phase II of

InvenTrust Properties sold Tulsa Hills for $70 mil-

Garrett Creek (Owasso) and Tiger Hill (Broken

lion to R/D Investors, a joint venture between

Arrow) coming online. Infill development will

Direct Development and Rockstreet Partners.

continue in the midtown area along Cherry

Both are privately held real estate firms. The

Street, Brookside and outskirts of downtown.

Shops of Broken Arrow sold in November 2018

The BOK/Williams tower, Tulsa’s tallest building, was built by the same architect who built the World Trade Center towers in New York City.

46

Commercial Real Estate Acquisition | Construction Financing Treasury Services | Wealth Management

for $57 million to RamRock Real Estate, a Dallas-based private equity firm. Other notable transactions include the sale of Perimeter Square

Your Business Moves Fast.

Can Your Bank Keep Up?

($7.2 million), and Colony on Cherry Street ($4.3 million), which both sold in separate transactions to an investment group sponsored by Precision Equity.

COMMERCIAL SOLUTIONS Solutions at the speed you need from local bankers you can trust.

EXPECTATIONS FOR 2019 AND 2020

Being an election year, 2020 will be impacted by the polit-

Alex Leikam | 918.499.8463 | www.bankofoklahoma.com

ical climate as consumers, retailers, lenders, landlords

Š 2017 Bank of Oklahoma, a division of BOKF, NA. Member FDIC.

and developers brace for the unknown. The market will

continue to focus on more efficient retail opportunities both in size and scope. Construction will be controlled with little speculative development, infill opportunities and mixed-use projects. A continued low interest rate environment should result in an active transactional market for buyers and sellers. One of the biggest looming questions for the Tulsa retail market surrounds Promenade

Mall.

Is

now

the time for Promenade to evolve? Stay tuned. •

Frisbie Lombardi

Trusted Brokerage Innovative Development Experienced Consulting

918.747.7600

www.frisbielombardi.com 47

RETAIL | SEE ZONES PAGE 27

PROJECT NAME ADDRESS CITY / STATE / ZIP

MANAGING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (GLA) % LEASED YEAR BUILT

SMALLEST AVAILABLE LARGEST AVAILABLE TOTAL AVAILABLE

RENTAL (SMALL SPACE) RENTAL (LARGE SPACE) CAM CHARGE

BROKEN ARROW BA

ASPEN CREEK 2000 W HOUSTON ST BROKEN ARROW, OK 74012

REPPE PROPERTY GROUP / BOB REPPE / 918-301-0736 427 S. BOSTON AVE, STE 507 TULSA, OK 74103

36,794 81.9% 1984

1,140 5,514 6,654

$6 $9 $2.95

BA

BIG LOT CENTER / SOUTHERN AGRICULTURE 91ST & ELM NW/C BROKEN ARROW, OK 74012

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN TULSA, OK 74133

42,000 100.0% 1992

0 0 0

$8 $10 $1.32

BA

BROKEN ARROW PLAZA RETAIL CENTER 6405-6450 S ELM PL BROKEN ARROW, OK 74012

W/S COMMERCIAL / CAITLIN SHORES / 918-688-4040 3509 S. PEORIA AVE., STE 500 TULSA, OK 74105

38,506 91.2% 2008

1,200 3,400 3,400

$18 $18 $0

BA

BROKEN ARROW TOWNE CENTRE 101ST & ELM BROKEN ARROW, OK 74012

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN TULSA, OK 74133

92,453 61.7% 1985

1,050 9,693 35,376

$11 $8 $2.21

BA

CENTENNIAL PLAZA 1901 S. YALE AVE. TULSA, OK 74112

CBRE, INC. / BEN GANZKOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

186,196 1.9% 1998

2,600 18,000 182,600

BA

COUNTY LINE SHOPPING CENTER 1005-1205 E KENOSHA BROKEN ARROW, OK 74012

W/S COMMERCIAL / CAITLIN SHORES / 918-688-4040 3509 S. PEORIA AVE., STE 500 TULSA, OK 74105

64,828 96.8% 1979

2,081 2,081 2,081

$10 $10 $1.35

BA

KENOSHA COMMERCIAL CENTER 4601 W KENOSHA ST BROKEN ARROW, OK 74012

PRICE EDWARDS / TANDA FRANCIS / 918-394-1000 7633 E. 63RD PL., STE. 400 TULSA, OK 74133

25,831 71.0% 2006

1,200 2,943 7,488

$16 $17.50 $4.99

BA

KENOSHA CROSSING 1208 E. KENOSHA BROKEN ARROW, OK 74012

W/S COMMERCIAL / CAITLIN SHORES / 918-688-4040 3509 S. PEORIA AVE., STE 500 TULSA, OK 74105

20,000 100.0% 1998

0 0 0

$15

LAURENWOOD SQUARE 1091 S ASPEN AVE BROKEN ARROW, OK 74012

SANDMAN PROP SERVICES / BRAD SANDITEN / 918-742-3315 3314 E. 51ST ST, SUITE 200A TULSA, OK 74135

46,893 83.8% 1985

2,728 7,586

BA

MANCHESTER SQUARE PROFESSIONAL BUILDING 1757 N. ASPEN, BROKEN ARROW, OK 74012

SAMSON COMMERCIAL REAL ESTATE SERVICES / MIKE LESTER / 918-284-0700 1645 S. 101ST. E. AVE., STE. 101, TULSA, OK 74128

20,419 100.0% 2008

0 0 0

$20 $20

BA

OAKWOOD PLAZA 81ST & 145TH E AVE, S/E C BROKEN ARROW, OK 74012

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

108,076 83.5% 1976/2000

850 17,000 17,850

$7 $7 $2.32

BA

PLAZA DEL SOL

BA

$1.54 $9 $8 $1.52

• Tulsa’s Premier “Entertainment/Experience” Neighborhood Center • Superior and convenient access 1 mile east of Memorial Drive • Casual offerings in an upscale setting • Beautiful mission-style architecture • Featuring a gorgeous water fountain in the expansive Plaza

9999 S Mingo Rd

Contact: Jason M. Kennon Case & Associates Properties, Inc. 918-492-1983 BA

PLAZA DEL SOL 9999 S MINGO RD TULSA, OK 74133

CASE & ASSOCIATES / JASON KENNON / 918-492-1983 4200 E. SKELLY DRIVE, SUITE 800 TULSA, OK 74135

46,500 90.8% 2008

1,600 1,600 4,300

$16 $16 $4.50

BA

QUAIL RUN SHOPPING CENTER 81ST & 145TH E AVE, NW CORNER BROKEN ARROW, OK 74012

SANDMAN PROP SERVICES / BRAD SANDITEN / 918-742-3315 3314 E. 51ST ST, SUITE 200A TULSA, OK 74135

49,734 93.3% 1981

130 3,300 3,330

$9 $9 $0.96

BA

REDBUD CORNERS 2419 W KENOSHA BROKEN ARROW, OK 74012

CBRE, INC. / MARK ROONEY / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

21,250 100% 2003

0 0 0

$16

BA

SHOPS AT LYNN LANE 1700 N 9TH ST BROKEN ARROW, OK 74012

W/S COMMERCIAL / CAITLIN SHORES / 918-688-4040 3509 S. PEORIA AVE., STE 500 TULSA, OK 74105

24,630 90.3% 2008

2,400 2,400 2,400

$20 $20 $1.50

BA

THE SHOPPES AT STONE RIDGE E ALBANY (61ST) & 161ST E AVE BROKEN ARROW, OK 74012

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

48,300 0% 2010

1,400 10,000 48,300

$14 $24 $3

BA

TIGER PLAZA 2055-2500 E KENOSHA ST BROKEN ARROW, OK 74014

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

48,827 62.1% 2007

1,500 10,000 18,500

$16 $12 $2.50

BA

TOWNE CENTER PHASE I* 101ST & ELM PL BROKEN ARROW, OK 74011

PRECISION EQUITY / ALICIA NOLEN 5100 E. SKELLY SR, STE. 960 TULSA, OK 74135

28,450 85.1% 1984

702 2,562 4,239

$8.50 $8.50 $3.84

BA

TURTLE CREEK 81ST & 145TH E AVE BROKEN ARROW, OK 74012

SANDMAN PROP SERVICES / BRAD SANDITEN / 918-742-3315 3314 E. 51ST ST, SUITE 200A TULSA, OK 74135

35,720 96.5% 1985

100 1,248 1,248

$8.50 $8 $1.47

NOTE EXPANDED LISTING

48

PROJECT NAME ADDRESS CITY / STATE / ZIP

MANAGING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (GLA) % LEASED YEAR BUILT

SMALLEST AVAILABLE LARGEST AVAILABLE TOTAL AVAILABLE

RENTAL (SMALL SPACE) RENTAL (LARGE SPACE) CAM CHARGE

BA

VANDEVER ACRES* 732 W NEW ORLEANS ST BROKEN ARROW, OK 74011

GBR PROPERTIES, INC. / ANGELA POSTON / 918-493-2525 3114 E. 81ST STREET TULSA, OK 74137

79,542 80.3% 1984

1,173 6,521 15,699

$12 $12 $2.89

BA

VANDEVER EAST II SHOPPING CENTER 3321 S ELM PL BROKEN ARROW, OK 74012

CBRE, INC. / JIM BROWN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

38,521 91.4% 1978/1992

1,500 1,748 3,298

$5

BA

WASHINGTON SQUARE S. 161ST & E. 91 BROKEN ARROW, OK 74012

DLRE, INC. / DANNY OVERTON / (918) 895-6700 3015 E. SKELLY DR., STE.410 TULSA, OK 74105

36,250 100.0% 1982

2,000 4,250

$8

BA

2301 NORTH ASPEN 2301 N ASPEN BROKEN ARROW, OK 74012

CBRE, INC. / TONY AARONSON / (918) 665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

90,469 84.5%

14,000 14,000 14,000

$6

ONE PLACE RETAIL BUILDING 201 S. DENVER AVE TULSA, OK 74103

ONE PROPERTY MANAGEMENT / DAVID ATKINSON / 918-574-8776 201 S. DENVER AVE, BOX 1, TULSA, OK 74103

16,733 72.7% 2012

3,011 4,562

$20 $20 $5.46

$0.55

CBD CBD

CENTRAL CENTRAL

1700 YALE MALL 1649 SOUTH YALE AVE TULSA, OK 74112

W/S COMMERCIAL / LINDSEY WARREN / 918-688-4040 3509 S. PEORIA AVE., STE 500 TULSA, OK 74105

77,254 87.5% 1972/2014

1,486 3,145 9,624

$25 $20 $3.50

CENTRAL

401 SOUTH UTICA 401 S UTICA TULSA , OK 74104

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

24,730 66.0% 1975

8,400 8,400 8,400

$6 $6 $1.20

CENTRAL

BROOKE PLAZA 2601-2625 S MEMORIAL TULSA, OK 74145

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

39,000 94.9% 1964

2,000 2,000 2,000

$7 $7 $0.50

CENTRAL

EASTGATE SHOPPING CENTER 7820 E ADMIRAL PL TULSA, OK 74112

CBRE, INC. / BEN GANZKOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

84,252 48.5% 1954/82

2,200 34,000 43,400

$4 $7.50 $1.12

CENTRAL

LEISURE SQUARE 2140-D S MEMORIAL TULSA, OK 74129

BUCK MEYERS INV. / BUCK MEYERS / 918-663-2224 2140-D S. MEMORIAL TULSA, OK 74129

72,200 90.3%

7,000 7,000 7,000

$6 $6 $0.25

CENTRAL

LEISURE SQUARE 1515-1717 S. SHERIDAN TULSA, OK 74112

DLRE, INC. / DEAN LEWIS / 918-895-6700 3015 E. SKELLY DR., STE.410 TULSA, OK 74105

53,505 100.0% 1975

0 0

$7.16

CENTRAL

MAYO MEADOW SHOPPING CENTER PAD SITES 21ST & YALE SWC TULSA , OK 74112

W/S COMMERCIAL / CAITLIN SHORES / 918-688-4040 3509 S. PEORIA AVE., STE 500 TULSA, OK 74105

80,737 36.7%

51,089 51,089 51,089

$15 $15

CENTRAL

SHERIDAN ROYAL CENTER 6380 & 6390 E 31ST TULSA, OK 74135

PROPERTY SPECIALISTS, INC. / CHARLIE NORTHCOTT / 918-665-0803 6305 E. 32ND ST., TULSA, OK 74135

28,125 94.7% 1969

720 800 1,500

$6.50 $8 $0

CENTRAL

TRI CENTER SHOPPING CENTER 2717-2757 S MEMORIAL TULSA, OK 74129

AMERICAN SOUTHWEST PROP / JACK WRIGHT / 918-251-0707 2341 W. ALBANY, SUITE A BROKEN ARROW, OK 74012

101,000 100.0% 1974/86

12,000 12,000 0

$6 $8 $0

CENTRAL

VILLAGE SQUARE 21ST & MEMORIAL TULSA, OK 74129

JKJ REALTY CO. / JORDAN K. JAMES, CCIM / 918-495-1550 7910 S 101ST EAST AVE TULSA, OK 74133

27,666 94.6% 1985

1,500 1,500 1,500

$8 $12

$0.50

NOTE EXPANDED LISTING

49

RETAIL | SEE ZONES PAGE 27

PROJECT NAME ADDRESS CITY / STATE / ZIP

MANAGING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (GLA) % LEASED YEAR BUILT

SMALLEST AVAILABLE LARGEST AVAILABLE TOTAL AVAILABLE

RENTAL (SMALL SPACE) RENTAL (LARGE SPACE) CAM CHARGE

EAST

BRIARGLEN SQUARE SHOPPING CENTER 31ST & 129TH, S/E C TULSA, OK 74134

PRECISION EQUITY / ALICIA NOLEN 5100 E. SKELLY SR, STE. 960 TULSA, OK 74135

32,361 92.2% 1984

2,523 2,523 2,523

$7 $7 $3.10

EAST

EASTERN VILLAGE 21ST & 125TH E AVE TULSA, OK 74129

WATERMARK COMMERCIAL PROPERTIES / DUSTIN HANSEN / 918-994-4407 4527 E 91ST ST, TULSA, OK 74137

32,502 55.7% 1980

6,000 8,400 14,400

$7 $7 $0.65

EAST

GARNETT CROSSING 11101-11215 E 31ST TULSA, OK 74146

W/S COMMERCIAL / CAITLIN SHORES / 918-688-4040 3509 S. PEORIA AVE., STE 500 TULSA, OK 74105

57,755 55.3% 1975/2006

1,113 12,000 25,791

EAST

GARNETT PLAZA 11333 E 21ST ST TULSA, OK 74129

WATERMARK COMMERCIAL PROPERTIES / DUSTIN HANSEN / 918-994-4407 4527 E 91ST ST, TULSA, OK 74137

29,710 84.3% 1983

1,200 2,205 4,678

$12 $12

EAST

INTERNATIONAL PLAZA 21ST AND GARNETT NW C TULSA, OK 74129

TULSA COMM. PROP. SERV. / MAUREEN PAYNE & SAM STEEL / 918-742-2417 3314 E. 51ST ST, SUITE 207K, TULSA, OK 74135

69,618 100.0% -

0 0 0

$0 $0 $0.65

EAST

MARINA SHOPPING CENTER 9902 E 21ST ST TULSA, OK 74129

WOLF GROUP PROPERTIES, LLC / HOWARD WOLF / 918-584-1425 320 S. BOSTON AVE., STE. 202, TULSA, OK 74103

39,723 97.5% 1995

1,000 1,000 1,000

$9.50

EAST

NORTHEAST PLAZA SHOPPING CENTER 1116-1148 S GARNETT ST TULSA, OK 74128

BAUER & ASSOCIATES / LARRY MANLEY / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

79,900 90.0% 1973

8,000 8,000 8,000

$8 $8 $0

EAST

SCISSORTAIL SQUARE 12737 E 41ST ST TULSA, OK 74146

W/S COMMERCIAL / CAITLIN SHORES / 918-688-4040 3509 S. PEORIA AVE., STE 500 TULSA, OK 74105

46,077 36.3% 1983

1,147 8,138 29,341

EAST

TOWNEAST ADMIRAL & 193RD E AVE, S/E C CATOOSA, OK 74133

BUCK MEYERS INV. / BUCK MEYERS / 918-663-2224 2140-D S. MEMORIAL TULSA, OK 74129

57,605 100.0% 1985

0 0 0

$9 $4.50 $0.40

16,000 16,000 16,000

$6 $8

EAST

MIDTOWN MIDTOWN

48TH STREET 8136 E. 48TH ST. TULSA, OK 74145

AMERICAN SOUTHWEST PROP / JACK WRIGHT / 918-251-0707 2341 W. ALBANY, SUITE A, BROKEN ARROW, OK 74012

32,000 50.0%

MIDTOWN

7202 E. 41ST ST. 7202 E. 41ST ST. TULSA, OK 74145

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

23,724 92.4% 1974

1,800

MIDTOWN

8200 TRADE CENTER 8210-8290 E 41ST ST TULSA, OK 74145

BAUER & ASSOCIATES / LARRY MANLEY / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

92,950 46.6% 1974

1,440 11,760 49,630

$5 $7

MIDTOWN

BROOKSIDE MARKET 38TH & PEORIA TULSA, OK 74105

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

14,674 100.0%

0 0 0

$18 $18 $3.50

MIDTOWN

CROSSROADS SERVICE CENTER 41ST & SHERIDAN TULSA, OK 74135

MONTE DUNHAM R.E. / PERRY DUNHAM / 918-627-4230 6355 E. 41ST ST. TULSA, OK 74145

38,572 80.3%

2,600 5,000 7,600

$8 $6

MIDTOWN

HARVARD SHOPS 3215 S. HARVARD AVE. TULSA, OK 74135

PRECISION EQUITY / ALICIA NOLEN 5100 E. SKELLY SR, STE. 960 TULSA, OK 74135

20,587 90.3% 1955

731 1,269 2,000

$10 $10 $0.27

MIDTOWN

HARVARD VILLAGE 2600 S HARVARD TULSA, OK 74114

ADWON REALTY INC. / JOE ADWON / 918-749-7966 P.O. BOX 701116 TULSA, OK 74170

45,444 59.0% 1955

0 0 18,644

$12

MIDTOWN

HIGHLAND PLAZA 5505-5667 E 41ST ST TULSA, OK 74135

W/S COMMERCIAL / CAITLIN SHORES / 918-688-4040 3509 S. PEORIA AVE., STE 500 TULSA, OK 74105

100,623 68.3% 1963/2007/2019

1,000 4,160 31,900

$10 $10 $1.69

MIDTOWN

LINCOLN PLAZA ON CHERRY STREET 1304 E 15TH ST TULSA, OK 74120

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

40,108 100.0% 1910/93

0 0 0

$18 $18 $6.23

MIDTOWN

MAXIM BUSINESS PARK 4305 S MINGO RD TULSA, OK 74146

BAUER & ASSOCIATES / LARRY MANLEY / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

107,387 84.6% 1984

1,599 2,700 16,518

$7 $7

MIDTOWN

MEMORIAL PARK SHOPPING CENTER 51ST & MEMORIAL, N/E C TULSA, OK 74145

PEYDAY REALTY, LLC / JONATHAN PEYRAVY / 918-850-8050 4855 S. MEMORIAL DR, TULSA, OK 74145

38,964 58.6% 1971

1,800 5,000 16,140

$10 $7 $2.76

MIDTOWN

OLDE VILLAGE CENTER & SHOPPES 1320 E 41ST ST TULSA, OK 74105

COMPROP REALTY, INC. / LINDA SCHAFER / 918-742-2174 5416 S. YALE TULSA, OK 74135

63,275 95.3% 1953

1,410 1,552 2,962

$16.50 $16.50 $0.65

MIDTOWN

PARK LANE SHOPPING CENTER 51ST & SHERIDAN, N/W C TULSA, OK 74135

BAUER & ASSOCIATES / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

148,951 93.6% 1967

3,400 6,123 9,523

$9 $5 $0

$12

$2.85

NOTE EXPANDED LISTING

50

PROJECT NAME ADDRESS CITY / STATE / ZIP

MANAGING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (GLA) % LEASED YEAR BUILT

SMALLEST AVAILABLE LARGEST AVAILABLE TOTAL AVAILABLE

RENTAL (SMALL SPACE) RENTAL (LARGE SPACE) CAM CHARGE

MIDTOWN

SHERIDAN COMMERCIAL CENTER 4307-4319 S SHERIDAN RD TULSA, OK 74145

W/S COMMERCIAL / CAITLIN SHORES / 918-688-4040 3509 S. PEORIA AVE., STE 500 TULSA, OK 74105

21,990 100.0% 1973

0 0 0

$12 $12

MIDTOWN

SOUTHROADS 4945 E 41ST ST TULSA, OK 74135

CBRE, INC. / BEN GANZKOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

305,373 58.8% 1967/97

2,452 59,451 125,753

MIDTOWN

SUNBELT PLAZA 4343 S MEMORIAL TULSA, OK 74133

62,550 100.0%

0 0 0

$11 $11 $1.50

MIDTOWN

THE SHOPS AT GREENWAY VILLAGE 4002-4016 S YALE TULSA, OK 74135

W/S COMMERCIAL / CAITLIN SHORES / 918-688-4040 3509 S. PEORIA AVE., STE 500 TULSA, OK 74105

31,900 96.9% 1975

1,000 1,000

$12 $12 $2.50

UTICA SQUARE SE CORNER OF 21ST ST. & UTICA AVENUE TULSA , OK

HELMERICH & PAYNE PROPERTIES / JESSICA BARR / 918-742-5531 1437 S. BOULDER AVE, STE 1400, TULSA, OK 74119

397,545 100.0% 1952/1986

0 0 0

$30 $25 $3.81

MIDTOWN

NORTH NORTH

NORTH POINTE BUSINESS CENTER 205 E. PINE TULSA, OK 74106

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

36,794 66.3% 1995

1,300 5,263 12,396

$10 $10 $5.85

NORTH

SPRINGDALE SHOPPING CENTER PINE & LEWIS TULSA, OK 74110

SANDMAN PROP SERVICES / BRAD SANDITEN / 918-742-3315 3314 E. 51ST ST, SUITE 200A TULSA, OK 74135

93,792 100.0% 1972

0 0 0

$10.25 $7 $1.39

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

64,878 85.2% 1953

0 0 9,600

$6.50

NORTHEAST NE

4959 S. PEORIA 4959 S. PEORIA TULSA, OK 74015

NE

CHEROKEE SPRINGS PLAZA

• Anchored by new Cherokee Casino & Convention Center Tahlequah • 1,800 to 7,200 SF available • Extensive landscaping and streetscaping • Newk’s Eatery opening on north end of retail center • Shell spaces can be custom finished • Prime location near Cherokee Springs Golf Club

3377 Cherokee Springs Rd

Contact: Brian Hunt, Cherokee Nation Property Management, 918.439.6546 NE

NE

CHEROKEE SPRINGS PLAZA 3377 CHEROKEE SPRINGS RD TAHLEQUAH, OK 74464

CHEROKEE NATION BUSINESSES / BRIAN HUNT / 918-439-6546 777 W. CHEROKEE ST, CATOOSA, OK 74015

21,600 0.0% 2018

1,400 7,200 21,600

$20

ROLLING HILLS SHOPPING CENTER 19220 E ADMIRAL CATOOSA, OK 74015

CBRE, INC. / BEN GANZKOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

40,000 81.9%

7,249 7,249 7,249

$8 $12 $1.16

$2.25

NORTHWEST NW

GILCREASE HILLS CENTER 2301-2323 W EDISON TULSA, OK 74127

W/S COMMERCIAL / CAITLIN SHORES / 918-688-4040 3509 S. PEORIA AVE., STE 500 TULSA, OK 74105

46,129 69.9% 1980

1,040 3,300 13,897

$2.83

NW

THE SHOPPES AT ADAMS ROAD 2ND & ADAMS ROAD SAND SPINGS, OK 74063

BAUER & ASSOCIATES / DOUG BAUER / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

102,413 70.2% 1957/1986

1,500 25,000 30,530

$12 $12 $1.98

OWASSO OWASSO

ATOR CENTER 9100 N. GARNETT OWASSO, OK 74055

OWASSO LAND TRUST / BOB PARKER / 918-605-5865 12150 E. 96TH ST. N., STE 200 OWASSO, OK 74055

34,850 100.0% 1991

0 0 0

$16 $14 $0

OWASSO

FAIRWAY MARKET I/II 9540 N. GARNETT OWASSO, OK 74055

OWASSO LAND TRUST / BOB PARKER / 918-605-5865 12150 E. 96TH ST. N., STE 200 OWASSO, OK 74055

30,535 88.5% 2006/2015

0 0 3,500

$18 $18 $4

NOTE EXPANDED LISTING

51

RETAIL | SEE ZONES PAGE 27

PROJECT NAME ADDRESS CITY / STATE / ZIP

MANAGING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (GLA) % LEASED YEAR BUILT

SMALLEST AVAILABLE LARGEST AVAILABLE TOTAL AVAILABLE

RENTAL (SMALL SPACE) RENTAL (LARGE SPACE) CAM CHARGE

OWASSO

GARRETT CREEK 11560 N 135TH E AVE OWASSO, OK 74055

WIGGIN PROPERTIES, LLC / GRANT STEWART / 918-935-2010 5100 E. SKELLY DR, STE 110, TULSA, OK 74103-74135

104,216 96.1% 2007

1,675 2,435 4,110

$10 $16

OWASSO

MINGO VALLEY CENTER 8787 OWASSO EXPRESSWAY OWASSO, OK 74055

TWENTY-FIRST PROPERTIES, INC. / MIKE ESTUS / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

107,187 86.2% 1988/2004

1,620 9,152 14,772

$11.50 $8 $1.65

OWASSO

MINGO VALLEY SHOPPING CENTER 8751 N 117TH E AVE OWASSO, OK 74055

TWENTY-FIRST PROPERTIES, INC. / MIKE ESTUS / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

31,025 52.4% 1999

1,740 7,156 14,756

$11.50 $8 $2.25

OWASSO

OWASSO LAND BUILDING I/II 12140 / 12150 E. 96TH ST. N. OWASSO, OK 74055

OWASSO LAND TRUST / BOB PARKER / 918-605-5865 12150 E. 96TH ST. N., STE 200 OWASSO, OK 74055

44,396 100.0% 2002

0 0 0

$0 $18 $4

OWASSO

OWASSO MARKETPLACE 12105-12401 E. 96TH OWASSO, OK 74055

CBRE, INC. / BEN GANZKOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

560,140 99.2% 2002

2,000 2,500 4,500

OWASSO

OWASSO TOWN CENTER 12912 E 86 ST N OWASSO, OK 74055

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

30,000 92.0% 1980

2,400 2,400 2,400

$17 $17 $1.50

OWASSO

OWASSO TOWN CENTER 8500 N. 129TH ST. OWASSO, OK 74055

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

22,894 89.5% 1999

2,400 2,400 2,400

$15 $15 $1.52

OWASSO

SMITH FARM MARKETPLACE 9002 N 121ST AVE OWASSO, OK 74055

CBRE, INC. / BEN GANZKOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

356,677 93.1% 2005

1,311 7,000 24,520

OWASSO

THE MARKET SHOPPING CENTER 12932 E 86TH ST N OWASSO, OK 74055

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

30,000 92.0% 2005

2,400 2,400 2,400

$10 $10 $3

OWASSO

THREE LAKES CENTER 11610-11650 E. 86TH ST. N. OWASSO, OK 74055

BAUER & ASSOCIATES / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

48,130 92.5% 1980

1,200 3,600 3,600

$12 $12 $0

OWASSO

WATERFORD PLAZA 9500 / 9530 N. 129TH E. AVE. OWASSO, OK 74055

OWASSO LAND TRUST / BOB PARKER / 918-605-5865 12150 E. 96TH ST. N., STE 200 OWASSO, OK 74055

49,506 92.7% 2004

1,646 3,006 3,625

$20 $20 $4.30

1,100 2,200 4,565

$9.50 $10.50

SOUTH SOUTH

126 CENTER 12600-12604 S MEMORIAL DR BIXBY, OK 74008

JKJ REALTY CO. / JORDAN K. JAMES, CCIM / 918-495-1550 7910 S 101ST EAST AVE TULSA, OK 74133

21,783 79.0% 1985

SOUTH

4157 S. HARVARD 4157 S. HARVARD TULSA, OK 74135

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

25,000 96.6% 1980

850

SOUTH

5130 S HARVARD AVE 5130 S HARVARD AVE TULSA, OK 74135

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

51,150 1.5% 1985

25,000 50,400 50,400

$8 $8 $2.50

SOUTH

5400 MINGO CENTER 5400 S MINGO TULSA, OK 74146

PROPERTY SPECIALISTS, INC. / CHARLIE NORTHCOTT / 918-665-0803 6305 E. 32ND ST., TULSA, OK 74135

49,000 96.6% 1979

1,250 1,400 1,650

$6.50 $8 $0

SOUTH

7181 MINGO CENTER 7181 S MINGO TULSA, OK 74133

EQUITAS REALTY ADVISORS / MARCO PLACENCIA / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

37,000 100.0% 1998

0 0 0

$12 $8 $1

SOUTH

8909 S. YALE 8909 S. YALE TULSA, OK 74137

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

20,000 0.0% 2009

20,000

SOUTH

8922 S. MEMORIAL 8922 S. MEMORIAL DRIVE TULSA, OK 74133

NAI RUPE HELMER, LLC / DAVID HARTNACK / 918-745-1133 6846 S. CANTON AVE, SUITE 250 TULSA, OK 74136

51,000 85.4% 1972

7,431 7,431 7,431

$11 $11 $4.13

SOUTH

CENTRE 71 71ST & MEMORIAL SE/C TULSA, OK 74133

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

50,160 80.7% 1993

600 3,960 9,660

$10 $10 $3.73

SOUTH

CHIMNEY POINTE 91ST & SHERIDAN TULSA, OK 74133

SANDMAN PROP SERVICES / BRAD SANDITEN / 918-742-3315 3314 E. 51ST ST, SUITE 200A TULSA, OK 74135

43,930 94.4% 1984

2,442 2,442 2,442

$11.50 $8 $1.80

SOUTH

COMMERCE PLAZA 55TH & MINGO TULSA, OK 74146

MUDD FAMILY PROPERTIES / VERNON MUDD / 918-749-6411 P.O. BOX 701137 TULSA, OK 74170

20,000 100.0% 1983

0 0 0

$6 $6 $0

SOUTH

COPPER MOUNTAIN 6002-6028 S MEMORIAL TULSA, OK 74145

PARAMOUNT COMMERCIAL PROP. / ALAN HARJU / 918-743-8000 6202 S. LEWIS, SUITE E, TULSA, OK 74136

25,443 89.8% 1980/2007

2,767 3,280 2,599

$8.50 $18.50 $2.62

$21

$21

NOTE EXPANDED LISTING

52

PROJECT NAME ADDRESS CITY / STATE / ZIP

MANAGING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (GLA) % LEASED YEAR BUILT

SMALLEST AVAILABLE LARGEST AVAILABLE TOTAL AVAILABLE

RENTAL (SMALL SPACE) RENTAL (LARGE SPACE) CAM CHARGE

SOUTH

COUNTRY CLUB PLAZA 51ST & S HARVARD TULSA, OK 74135

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

203,057 71.7% 1965/84

1,792 14,000 57,423

$18 $10 $2.50

SOUTH

CROSSING OAKS 7110 S MEMORIAL DRIVE TULSA, OK 74133

PAINE & ASSOCIATES / MATT MARDIS / 918-481-5380 5810 E. SKELLY DR, STE. 1900 TULSA , OK 74135

266,682 96.8% 1979/2018

1,200 4,798 8,498

$30 $33

SOUTH

EASTSIDE MARKET 11011 E. 71ST ST. TULSA, OK 74133

CBRE, INC. / BEN GANZKOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

187,928 85.7% 2000

1,932 17,432 26,932

SOUTH

ECHELON CENTER 8112 S MEMORIAL DR TULSA, OK 74133

BAUER & ASSOCIATES / LARRY MANLEY / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

55,469 79.2% 1984

1,046 0 11,599

$12.50

SOUTH

ETON SQUARE 8221-8421 E 61ST ST TULSA, OK 74133

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

208,496 95.1% 1984

10,151 10,151 10,151

$14 $8 $2.37

SOUTH

FESTIVAL SQUARE 6501-6555 S SHERIDAN RD TULSA, OK 74133

CBRE, INC. / MARK ROONEY / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

58,566 85.1% 1976

8,700 8,700 8,700

$10

SOUTH

FOREST TRAILS SOUTH 10032 S SHERIDAN TULSA, OK 74133

SANDMAN PROP SERVICES / BRAD SANDITEN / 918-742-3315 3314 E. 51ST ST, SUITE 200A TULSA, OK 74135

32,611 94.5% 1983

1,793 1,793 1,793

$12 $10 $1.15

SOUTH

GARNETT PLAZA 71ST & GARNETT, SW/C TULSA, OK 74133

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

100,786 100.0% 1996

0 0 0

$16 $16 $5.14

SOUTH

HEATHERRIDGE 6518-6556 E 91ST ST TULSA, OK 74133

W/S COMMERCIAL / CAITLIN SHORES / 918-688-4040 3509 S. PEORIA AVE., STE 500 TULSA, OK 74105

34,193 91.8% 1981

1,400 1,400 2,800

$16

KENSINGTON ANNEX 71ST & LEWIS TULSA, OK 74136

RUFFIN PROPERTIES / CARL VINCENT / 918-493-7100 7130 S. LEWIS, SUITE 250 TULSA, OK 74136

51,068 72.6% 1979

1,800 12,217 14,017

$10

SOUTH

KINGS LANDING 99TH & S RIVERSIDE PKWY TULSA, OK 74137

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

43,746 68.9% 2005

1,920 9,371 13,611

$22 $24 $2.30

SOUTH

KINGS POINTE VILLAGE 5952 S YALE TULSA, OK 74135

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

117,000 78.4% 2003

1,080 20,256 25,218

$20 $20 $1.48

SOUTH

LEWIS CROSSING 6921-6981 S LEWIS AVE TULSA, OK 74136

W/S COMMERCIAL / CAITLIN SHORES / 918-688-4040 3509 S. PEORIA AVE., STE 500 TULSA, OK 74105

49,324 44.6% 1977/98

1,354 4,865 27,308

$8 $12 $2.57

SOUTH

LIGHTHOUSE SHOPPING CENTER 7143 S YALE TULSA, OK 74136

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

38,045 85.9% 1988/2008

1,904 3,458 5,362

$16 $22 $2.88

SOUTH

LONDON SOUTH 5940 S LEWIS TULSA, OK 74105

COMPROP REALTY, INC. / LINDA SCHAFER / 918-742-2174 5416 S. YALE TULSA, OK 74135

35,400 87.9% 1972

4,300 4,300 4,300

$14 $14 $0.65

SOUTH

MANCHESTER SQUARE 8338 E 61ST ST TULSA, OK 74133

DIXON R.E. CO., INC. / SONDRA HIGHFILL / 918-748-0308 4870 S. LEWIS, SUITE 100 TULSA, OK 74105

141,601 88.9% 1995

140 5,383 15,765

$10 $11 $2.66

SOUTH

MEADOWBROOK CHASE 7900 S. MINGO TULSA, OK 74133

CBRE, INC. / BEN GANZKOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

22,230 89.2% 2014

2,400 2,400 2,400

$24

SOUTH

MEMORIAL SQUARE NW/C 91ST & MEMORIAL TULSA, OK 74133

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

14,600 59.6%

1,300 4,300 5,900

$12 $12 $4

SOUTH

MINGO CENTER 5151 S MINGO RD TULSA, OK 74146

TWENTY-FIRST PROPERTIES, INC. / MIKE ESTUS / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

17,200 66.0% 2007

38,746 3,000 5,846

$6.75

SOUTH

MINGO MARKETPLACE 10123-10303 E 71ST ST TULSA, OK 74133

CBRE, INC. / BEN GANZKOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

219,277 73.3% 1992

58,500 58,500

PRICE IS NEGOTIABLE

SOUTH

PALAZZO 8222 E. 103RD ST. S. TULSA , OK 74133

NAI RUPE HELMER, LLC / SUSAN DAVIS / 918-745-1133 6846 S. CANTON AVE,, SUITE 250 TULSA, OK 74136

59,100 94.9% 2006

1,500 3,000 3,000

$15 $18 $1.21

SOUTH

PARK PLAZA SHOPPING CENTER 6010 S SHERIDAN RD TULSA, OK 74135

REPPE PROPERTY GROUP / BOB REPPE / 918-301-0736 427 S. BOSTON AVE, STE 507 TULSA, OK 74103

126,549 71.1% 1971

1,018 23,979 36,553

$8 $10 $1.85

SOUTH

RENAISSANCE ON MEMORIAL 8281 S MEMORIAL DR TULSA, OK 74133

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

26,120 85.9% 2003

1,610 1,940 3,690

$22 $3.50

RIVER PARK SQUARE 6821 S PEORIA AVE TULSA, OK 74136

DLRE, INC. / DANNY OVERTON / (918) 895-6700 3015 E. SKELLY DR., STE.410 TULSA, OK 74105

46,138 81.4% 1984

1,875 4,625 8,600

$6 $6 $1.38

SOUTH

SOUTH

$2.34

$2.43

$1.50

$2.38

NOTE EXPANDED LISTING

53

RETAIL | SEE ZONES PAGE 27

PROJECT NAME ADDRESS CITY / STATE / ZIP

MANAGING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (GLA) % LEASED YEAR BUILT

SMALLEST AVAILABLE LARGEST AVAILABLE TOTAL AVAILABLE

RENTAL (SMALL SPACE) RENTAL (LARGE SPACE) CAM CHARGE

SOUTH

RIVERSIDE MARKET 9521-9675 RIVERSIDE PKWY TULSA, OK 74137

CBRE, INC. / BEN GANZKOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

164,177 95.2% 2004

1,800 3,400 7,800

SOUTH

SOUTH LEWIS PLAZA 7030 S LEWIS TULSA, OK 74136

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

37,500 87.6% 1984

830 2,395 4,664

$9 $9 $2.40

SOUTH

SOUTH MEMORIAL PLAZA 10846-10848 S. MEMORIAL DR. TULSA, OK 74133

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

48,288 85.8% 2006

2,000 2,840 6,840

$12 $16 $1.20

SOUTH

SOUTH TOWN MARKET DR 10000 S. MEMORIAL TULSA, OK 74133

BUMGARNER ASSET MGMT / CHRIS BUMGARNER / 918-587-1900 401 S. BOSTON , STE 3400, TULSA, OK 74103

32,000 100.0% 2009

1,500 3,000

$40

SOUTH

SQUARE 91 8921-8929 S MEMORIAL TULSA, OK 74133

196,842 96.2% 1991

7,431 7,431 7,431

$6 $12 $1.86

SOUTH

SQUARE ONE SHOPPING CENTER 81ST & SHERIDAN, N/E C TULSA, OK 74133

GBR PROPERTIES, INC. / ANGELA POSTON / 918-493-2525 3114 E. 81ST STREET TULSA, OK 74137

46,197 -363.6% 1983

1,784 3,960 214,158

$11 $10 $3.39

SOUTH

SQUARE ONE-OFFICE CENTER 6705 E 81ST ST TULSA, OK 74133

BAUER & ASSOCIATES / LARRY MANLEY / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

28,908 100.0% 1985

975 1,914

$12 $12 $0.00

SOUTH

SUMMIT SQUARE 71ST & SHERIDAN, S/W C TULSA, OK 74136

GBR PROPERTIES, INC. / ANGELA POSTON / 918-493-2525 3114 E. 81ST STREET TULSA, OK 74137

166,552 90.9% 1987

770 4,111 15,127

$16 $14.50 $2.84

SOUTH

THE MILL SHOPPING CENTER 6973 E 71ST ST TULSA, OK 74133

P&H PROPERTIES LLC / BRANDON MOLL / 918-523-4000 4785 E. 91ST, SUITE 200 TULSA, OK 74137

30,870 89.3% 1980

1,516 1,794 3,310

$10 $12 $2.20

SOUTH

THE SHOPS & OFFICES AT BRIDGEPOINTE 1660 E 71ST ST TULSA, OK 74136

RUFFIN PROPERTIES / CARL VINCENT / 918-493-7100 7130 S. LEWIS, SUITE 250 TULSA, OK 74136

55,000 83.1% 1992

1,600 5,212 9,315

$9 $12 $1.85

SOUTH

THE VILLAGE AT WOODLAND HILLS 6612-6808 S MEMORIAL TULSA, OK 74133

W/S COMMERCIAL / CAITLIN SHORES / 918-688-4040 3509 S. PEORIA AVE., STE 500 TULSA, OK 74105

224,487 72.8% 1987

1,144 25,016 61,158

$12

SOUTH

THE VINEYARD ON MEMORIAL 7890 E. 106TH PL. SO TULSA, OK 74133

PAINE & ASSOCIATES / MATT MARDIS / 918-481-5380 5810 E. SKELLY DR, STE. 1900 TULSA , OK 74135

23,625 41.7% 2012

1,453 6,881 13,762

$24

SOUTH

TOWN & COUNTRY CENTER 121ST & S MEMORIAL BIXBY, OK 74008

SANDMAN PROP SERVICES / BRAD SANDITEN / 918-742-3315 3314 E. 51ST ST, SUITE 200A TULSA, OK 74135

91,610 100.0% 1974

0 0 0

$8 $7 $0.70

SOUTH

TULSA RETAIL CENTER 9121-9219 E 71ST ST TULSA, OK 74133

W/S COMMERCIAL / CAITLIN SHORES / 918-688-4040 3509 S. PEORIA AVE., STE 500 TULSA, OK 74105

92,848 74.0%

24,178 24,178 24,178

SOUTH

TUSCANA ON YALE 8931 S YALE AVE TULSA, OK 74136

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

32,000 80.2% 2013

2,000 4,000 6,347

$20 $20 $1.75

SOUTH

UNION PLAZA 9717-10021 E. 71ST ST TULSA, OK 74136

CBRE, INC. / BEN GANZKOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

196,752 61.9% 1994

37,500 75,000 75,000

$8 $12

SOUTH

UNION SQUARE 6105 S MINGO RD TULSA, OK 74133

W/S COMMERCIAL / CAITLIN SHORES / 918-688-4040 3509 S. PEORIA AVE., STE 500 TULSA, OK 74105

30,220 48.3% 1985

906 4,828 15,632

$10 $11 $1.60

SOUTH

UTICA 71 CENTER 7018 S. UTICA TULSA, OK 74136

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

25,309 82.2% 1995

1,500 3,000 4,500

$8 $12

SOUTH

VILLAGE SOUTH 10100 S SHERIDAN RD TULSA, OK 74133

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

104,000 97.7% 1983

2,437 2,437 2,437

$14 $14 $3.49

SOUTH

WATERFORD PLAZA 9108 S. SHERIDAN TULSA, OK 74133

OWASSO LAND TRUST / BOB PARKER / 918-605-5865 12150 E. 96TH ST. N., STE 200 OWASSO, OK 74055

28,883 89.6% 2007

3,006 3,006 3,006

$20 $20

SOUTH

WEMBLEY CENTER 7106-7116 S MINGO TULSA OK 74133

SOUTH STAR PM / CAMERON SMITH / 503-251-4888

51,343 77.6%

1,200 4,296 11,478

$12 $19 $2.20

SOUTH

WOODLAND PLAZA 8620-8802 E 71ST ST TULSA, OK 74133

CBRE, INC. / DAN SHOEVLIN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

42,525 67.4% 1994

2,612 7,401 13,878

$11 $22

NOTE EXPANDED LISTING

54

PROJECT NAME ADDRESS CITY / STATE / ZIP

MANAGING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (GLA) % LEASED YEAR BUILT

SMALLEST AVAILABLE LARGEST AVAILABLE TOTAL AVAILABLE

RENTAL (SMALL SPACE) RENTAL (LARGE SPACE) CAM CHARGE

SOUTHWEST SW

MAIN PLACE 6TH & SO MAIN SAPULPA , OK 74066

SANDMAN PROP SERVICES / BRAD SANDITEN / 918-742-3315 3314 E. 51ST ST, SUITE 200A TULSA, OK 74135

42,000 82.1% 1976

7,500 7,500 7,500

$8 $5 $0.88

SW

RIVERWALK CROSSING 300 RIVERWALK TERRACE JENKS, OK 74037

PAINE & ASSOCIATES / MATT MARDIS / 918-481-5380 5810 E. SKELLY DR, STE. 1900 TULSA, OK 74135

27,805 65.4% 2004

440 3,037 9,619

$16

SW

SOUTHWEST CROSSROADS SWC 121ST & HWY 75 GLENPOOL, OK 74033

32,431 40.2% 2009

1,250 16,000 19,400

$22 $22

SW

SPARTAN FAMILY CENTER* 151ST & MEMORIAL RD, N/W C BIXBY, OK 74008

SANDMAN PROP SERVICES / BRAD SANDITEN / 918-742-3315 3314 E. 51ST ST, SUITE 200A TULSA, OK 74135

62,410 100.0% 1985

SW

THE WALK AT TULSA HILLS 8310 S. OLYMPIA TULSA, OK 74132

PAINE & ASSOCIATES / MATT MARDIS / 918-481-5380 5810 E. SKELLY DR, STE. 1900 TULSA, OK 74135

45,600 100.0% 2015

3,200

$30

SW

TULSA HILLS SHOPPING CENTER 7336 S OLYMPIA AVE TULSA, OK 74132

W/S COMMERCIAL / CAITLIN SHORES / 918-688-4040 3509 S. PEORIA AVE., STE 500 TULSA, OK 74105

1,200,000 98.9% 2007

1,200 8,962 13,162

$30 $30

SW

VILLAGE ON MAIN 117 S 7TH ST JENKS, OK 74037

W/S COMMERCIAL / LINDSEY WARREN / 918-688-4040 3509 S. PEORIA AVE., STE 500 TULSA, OK 74105

44,193 34.8% 2012

2,074 3,916 28,824

$9 $12

WEST

CRYSTAL CITY SHOPPING CENTER 4207-4289 SOUTHWEST BLVD TULSA, OK 74131

COLDWELL BANKER SELECT / DAVID ROBERTS

110,000 52.0% 1954

1,250 35,586 52,746

$5.75

WEST

FORMER K-MART 1200 E. CHARLES PAGE BLVD SAND SPRINGS, OK 74063

EQUITAS REALTY ADVISORS / MARCO PLACENCIA / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

84,210 0.0% 1974

84,210 84,210 84,210

$3.50 $3.50

WEST

PAGE PLAZA 1124 E. CHARLES PAGE BLVD SAND SPRINGS, OK 74063

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

34,900 24.1% 1974

26,500 26,500 26,500

$5 $10 $1.57

WEST

SPRINGS VILLAGE 3909-3989 S HIGHWAY 97 SAND SPRINGS, OK 74063

CBRE, INC. / TONY AARONSON / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

168,000 97.9% 1986

3,520 3,520 3,520

$8.75 $8.75

WEST

TOWN WEST SHOPPING CENTER 5600 W SKELLY DR TULSA, OK 74107

BAUER & ASSOCIATES / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

162,726 75.0% 1979

500 29,294 40,692

$10 $4.75 $0.50

$9.50 $9.50 $1.23

WEST $0.69

NOTE EXPANDED LISTING

55

PA C E

A program for clean energy and economic development The County Commissioners of Tulsa County

Commissioners passed a comprehensive reso-

believe it’s important to find opportunities that

lution that spells out the public policy purposes,

blend together economic development and

as well as the parameters of the program. This

energy conservation. Expanding the job oppor-

is commonly known as Commercial Property

tunities in the renewable energy sectors and

Assessed Clean Energy, or C-PACE.

helping commercial property owners lower their energy costs with redevelopment or retrofit

PACE programs have been around for about

projects can be a winning combination for the

10 years and now exist in over 30 states. Close

entire county and state.

to Oklahoma, PACE programs exist in Texas, Missouri, Arkansas, Colorado and New Mexico.

56

To bring this opportunity to the citizens of

Under a voluntary PACE program, counties can

Oklahoma, Tulsa County was successful in get-

form special assessment districts to help prop-

ting SB 1000 passed by the Legislature by a

erty owners finance energy retrofits by allowing

vote of 134-6. The Governor signed the bill on

commercial property owners to place an addi-

May 13, 2019. On Sept. 9, the Board of County

tional assessment on their property through

private PACE financing. No public dollars or

bigger ones are Clean Fund Commercial Pace

taxpayer funds are used.

Capital Inc., PACE Sage Capital, Petros PACE Finance, Greenworks Lending, Twain Lending

Implementing a PACE program can address

and Pace Equity. Each of these private lenders

two major roadblocks to clean energy growth

has already reached out to Tulsa County with

at the commercial level: lack of available capital

their interest in coming to the Tulsa commer-

and hesitancy to make long-term energy effi-

cial property market. Each have websites with

ciency/renewable energy investments for fear

details on their lending programs.

that the indebtedness cannot be recouped.

Improvements to commercial buildings can Financing in a PACE program has many ben-

include heating/ventilating, lighting, pumps and

efits not available through a typical lending

motors, insulation, wind reinforcement, solar,

arrangement. First, there is no requirement for

geo-thermal and resiliency improvements.

any upfront funding by the property owner or a written guarantee. Funding up to 100% of the

Since the effective date of SB 1000 isn’t until

hard and soft project costs can be financed.

Nov. 1, Tulsa County is now working on devel-

Second, the lien on the property transfers with

oping the design and implementation com-

the property upon sale. Third, the commercial

ponents of the PACE program and securing

property owner will have the annual installment

national PACE experts to provide consultation

included on the annual property tax statement

services. There is also consideration of using

sent out by the County Treasurer. Fourth, typi-

INCOG as the sponsoring agency to provide

cal terms allow the property owner at least 15

the information, marketing, website and out-

to 20 years to repay the loan and the energy

reach throughout the county.

savings from the improvements to the property often equal or exceed the amount of the annual

There is great interest from the Oklahoma

payment. Sixth, the amount of financing avail-

Departments of Commerce and Energy with

able to the property owner is based upon the

hopes that what is created in Tulsa County can

value of the property, not the FICO scores of

be a template for other counties in Oklahoma

the property owner.

to adopt PACE programs.

Currently there are many registered capital pro-

To learn more about PACE, visit the website

viders which fund C-PACE projects. Some of the

for PACE Nation (pacenation.org), the national resource center for all things PACE. •

57

2018 DEALS OF THE YEAR

2018 Deals of the Year MULTIFAMILY SALE Overall NAIOP Deal of the Year Winner The Vintage on Yale Brandon Lamb, Newmark Knight Frank Tim McKay, Newmark Knight Frank Justin Wilson, Newmark Knight Frank

RETAIL LEASE Bank of America Building Daniel Regan, Price Family Properties Rick Guild, The Guild Co.

RETAIL SALE Shoppes of BA Grant Stewart, Wiggin Properties Wiggin/Transwestern

OFFICE LEASE Vast Bank Building Rick Guild, The Guild Co.

RETAIL DEVELOPMENT Shops of Warren Place Randy Hogan, Hogan Co.

INDUSTRIAL SALE Green Valley Center Dwayne Flynn, CBRE Inc. Bill Mizener, CBRE Inc. Ryan Shaffer, CBRE Inc.

OFFICE DEVELOPMENT VAST Bank Tom Biolchini, VAST Bank

INDUSTRIAL LEASE CenterGate Business Park Bob Pielsticker, CBRE Inc. Matt Reese, CBRE Inc. Matt Klimisch, CBRE Inc. David Glasgow, CBRE Inc. Alex Powell, CBRE Inc.

INDUSTRIAL DEVELOPMENT Amazon GT Bynum, Siegfried Cos.

SCOTT A. SANDITEN AWARD Derek Bateman A proven leader in the

OFFICE SALE 624 Boston Bob Pielsticker, CBRE Inc. Matt Reese, CBRE Inc. Patrick Fox, Fox & Allen

LAND SALE Greenhill Distribution Center Brian Beam, Owasso Land Trust Bob Parker, Owasso Land Trust Bob Pielsticker, CBRE Inc. Matt Reese, CBRE Inc.

commercial real estate field for over 25 years, Bateman combines his experience from both a corporate executive and landlord/owner perspective to provide innovative solutions for Trinity partners and clients.

Bateman has been a valuable asset over the last couple of years – going above and beyond on all levels. Derek you are greatly appreciated!

Mark your calendars for April 23, 2020.

The Oklahoma Chapter of NAIOP will name its 2019 deals of the year with a celebration at the Mayo Hotel.

58

RECOGNIZING THE EXPERTS

TOP COMPANIES FIND CCIM’S A CCIM (Certified Commercial Investment Member) is a recognized expert in the commercial and investment real estate industry.

WWW.OKCCIM.COM EXPERTISE

Integrity, expertise, and a commitment to economic growth and development in the state of Oklahoma are defining attributes of the Oklahoma Chapter of CCIM.

MONTHLY LUNCHEON 1st Wednesday of each month 11:30 am

Hilton Garden Inn I-44 & Yale

Let’s get down to business.

You deserve financial stability, relevant resources and expert knowledge from your financial institution. Your INTRUST team is all of that, and so much more: we’re your trusted advisor, your champion, your strategic partner.

Call us at 405-949-6547 or visit intrustbank.com.

L to R: Tom O’Keefe, Stephanie Greeson, Clayton Harman, Ken Guthery, Debra Handy. Not pictured: Alex Sedlacek

© 2018 INTRUST Bank

59

60

INDUSTRIAL OVERVIEW

TULSA’S BIG GETS When you think of the major industrial real estate headlines that have occurred in Tulsa during 2018 and the first half 2019, you think of big names: Sofidel, QT, Google, Greenheck, Muncie Power Products, Amazon, Whirlpool.

All are prominent companies that have added substantially to the Tulsa industrial market.

Amazon, with its four-story, 2.5 million square-foot fulfillment center.

Whirlpool’s 798,000 square foot, $55 million expansion.

Greenheck’s 360,000 square foot, $100 million manufacturing campus.

Sofidel’s 1.8 million square foot, $360 million manufacturing plant in Inola.

QuikTrip’s 250,000-square-foot Kitchens Distribution Facility.

Google’s new four-story, $600 million data center expansion in Pryor.

Muncie Power Products’ 300,000 square foot, $50 million facility.

BY DAVID R. LOONEY 61

INDUSTRIAL OVERVIEW

There also are some lesser-known companies

properties, which has strengthened those prop-

that will have a positive impact on the Tulsa

erties that otherwise would struggle with obso-

economy and the industrial real estate market.

lescence. With this use, the market has forced upward pressure on rental rates as most land-

•

Tekfins recently acquired a 244,000-square-

lords are requiring higher rents to offset the

foot manufacturing plant in west Tulsa for

perceived risk or the inability to use bank debt

its expansion.

with these properties. Relatively few of these cannabis operators have elected to purchase

•

Pregis Intellipack leased a 135,000-square-

properties initially, though the market should

foot manufacturing facility for its primary

expect to see acquisitions increase as opera-

North American operations and will be

tors look to invest their profits and protect their

consolidating operations from three other

business investments. While there have been

states into this location.

beneficial results from the cannabis demand, it remains to be seen if the market will become

As strong as all of these announcements have

too saturated with operators and if any of these

been, it has been the cannabis industry that

tenants can fulfill their leases. For the immedi-

has dominated the headlines ever since med-

ate future, cannabis will continue to have a sig-

ical marijuana was legalized one year ago. It

nificant impact with vacancies, absorptions and

has been reported and observed that almost

rental rates.

a quarter (though it has moderated during the 2Q19) of the inquiries received by brokers and landlords in Oklahoma and Tulsa are for: marijuana grow houses, processing facilities, dispensaries and testing labs.

TULSA ECONOMY AND INDUSTRIAL OVERVIEW

Tulsa’s job market has improved significantly, eclipsing the national average for year-overyear job growth during the last quarter of

62

Whether you agree with the moral and phar-

2017, but has trailed slightly during the past

maceutical aspects of medical cannabis, its

12 months. Tulsa felt the blow of low oil prices

demand for industrial properties has created

and job losses during 2014-2015. Since that

some notable benefits in the Tulsa market.

time period, however, employment growth has

One of the results of this demand has been the

gained momentum and the unemployment rate

greater utilization of Class C and D industrial

has returned to pre-downturn levels. Tulsa’s

manufacturing industries, including aerospace,

itive net absorptions, low vacancy rates and

continue to be a bright spot and will continue

a slowing of construction and deliveries, all

to move the industrial market forward.

which are good for landlords, but challenging for companies looking to expand. As expected,

The market fundamentals are solid with strong

rental rates continue to rise. Though deliver-

demand leading to increased occupancies.

ies have slowed, the second half of 2019 will

Vacancies are well below the historic averages

see more deliveries with about half being spec

and are about one-third of what they were seven

development. As a result of the spec deliver-

years ago. Even with the substantial delivery of

ies, vacancies will rise slightly, but will remain at

new inventory since 2012, net absorption has

low levels. Institutional investors and high net

outpaced supply gains during that time. As of

worth individuals are chasing every reasonable

the end of 19Q2, less than 5% of the space

deal in the top tier and secondary/tertiary mar-

delivered since recession was vacant. Rents

kets. Cap Rates, because of the strong funda-

have averaged 3% annual gains during the

mentals and rent growth, are around 6.3% and

past five years due to the vacancies remaining

reflect value and pricing appreciation across all

tight. Investment has been robust as sales vol-

industrial product types.

umes have exceeded historical averages for the sixth year in a row. Tulsa now has 3.3% unemployment. Tulsa’s MSA also is less than a few

NEW CONSTRUCTION

Currently, there are 14 properties under con-

thousand away from topping 1 million people,

struction totaling 2,976,319 square feet with

although the CSA is 1,251,000 people.

2.8 million being Amazon and Greenheck. Over 98% of the total is preleased. Though most

Nationally, strong demand for industrial prop-

multi-tenant developments are usually 40% pre-

erties has pushed vacancies to record lows,

leased, today there seems to be a greater confi-

with much of the demand for logistics and bulk

dence in the market fundamentals and demand.

warehouse to meet e-commerce requirements.

Most of the construction has occurred where

The trade tariffs and uncertainty of trade talks

the available developable land is, primarily in

with China have disrupted future projections

northeast Tulsa, southeast Tulsa/Broken Arrow

for the industrial sector, though no major neg-

and southwest Tulsa.

ative impacts have resulted so far for industrial properties. The first half of 2019 has seen pos-

Tulsa was settled in the mid 1830s, long before Oklahoma gained statehood in 1907.

63

INDUSTRIAL OVERVIEW

As mentioned, the pace of industrial development nationally has slowed somewhat, though the second half of 2019 is expected to double with over half of the deliveries being speculative. Though the larger markets receive the press, the smaller markets with seaports are seeing strong demand for new projects. With all of the development that is occurring, costs

network and thousands of brick-and-mortar stores, also is succeeding in improving their omnichannel model. Target and Macy’s, which already has a 1.5 million-square-foot distribution center in north Tulsa, also are expanding their shipping footprint and using outsight distribution channels, such as 3PL’s, to compete in this e-commerce/rapid delivery market.

are beginning to show signs of strain as labor costs as well as materials are growing. At some point, equilibrium must be reached. But for

Similar to metropolitan markets throughout

now, the demand continues.

the country, Tulsa’s industrial rental rates have

LEASING

Overall demand, construction costs and labor

tations for faster and faster deliveries of goods

cially with newer product. Rent growth has

As the shift continues in the consumers’ expecdue to the rise in e-commerce, the demand for more logistics products has increased. A byproduct of this expectation and demand, vacancies have remained below 4% and positive net absorption has been the norm since the beginning of this expansion cycle. As mentioned above, new space continues to be in high demand and this has positively impacted

appreciated during the last several years. expenses have helped push rents higher, espeaveraged around 3% with asking rents greater in

warehouse/light

industrial.

Distribution/

logistics center rent growth was slightly less though most of the new construction occurred with this product type, so the gap between the two types has compressed. Flex/Service center properties have historically lagged behind with higher vacancies, though the rental rates typi-

rental rates across all industrial product types.

cally are the highest.

The Amazon Fulfillment Center on North 129th

When examining the larger submarkets, the

East Avenue was by far the top industrial lease during the past 12 months at 2,560,000 square feet. Whirlpool Corp. leased another 470,000 square feet and Premier Steel leased a new 170,000 square-foot crane facility in Glenpool.

Nationally, the large distribution hubs, such as Dallas/Fort Worth, Chicago and the Inland Empire in southern California, lead all markets in net absorption. Amazon is having a profound impact nationally, as well as locally, by leasing up 19.3 million square feet during the past 18 months. Walmart, with its massive distribution

64

RENTS

highest rents were observed in southeast Tulsa due to the highest concentration of flex service centers, warehouse distribution/logistics and new construction. West Tulsa contains the lowest rental rates and northeast Tulsa is experiencing strong growth because of the availability of developable land for new projects, as discussed earlier in the article.

Tulsa’s asking rents trail the national average by 60%, but are on par with Oklahoma City and northwest Arkansas.

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CAP RATES

•

average 9.3% during 2019, compared with

•

Cap Rates for investment properties in Tulsa

for $5,400,000

6.3% nationally. This is not surprising considering the investment funds chasing few opportu-

Katy Distribution Center in southeast Tulsa 2121 N. 161st E. Ave.’s 228,000 square feet for $5,010,000

•

nities. During the past 10 years, Cap Rates have

ADDVantage Technologies in Broken Arrow for $5,000,000

fluctuated from 10.1% in 2018 to 6.3% in 2010.

•

H&P west Tulsa facility for $4,600,000

The forecast is for Cap Rates to be relatively flat

•

Former Madison Industries 244,000

or gradually increase over the next few years as interest rates increase and market fundamen-

square-foot facility for $4,500,000 •

tals moderate.

Former 134,600-square-foot Stairmaster building in northeast Tulsa for $4,350,000

•

Blackhawk Building in Broken Arrow’s Greenway Broken Arrow for $3,000,000

TULSA SALES

In 2018 the highest number of transactions —

•

168 — during the past 10 years took place.

The strong sales volume throughout the year

square foot •

accounted for almost $32 million during the fourth quarter and about $100 million for the year with an average sales price of $29.87/

Garnett Center at $2,925,000 and $98/ PCES in southeast Tulsa for $2,250,000 at $74/square foot

•

8100 New Sapulpa Road sold for $202/ square foot (10,787 square feet).

square foot and a Cap Rate of 10.1%.

Nationally, the transaction activity has been During the first half of 2019, the Tulsa indus-

focused around the major markets of New

trial market has been on pace to exceed 2018

York, Los Angeles, Dallas and Chicago, with a

with 86 transactions year-to-date, $1,124,240

substantial amount of institutional money pro-

average sales price, $32.52/square foot, and a

viding increased liquidity for those markets.

Cap Rate of 9.3% — an improvement of 0.8%.

Strong price appreciation has reflected the rent

The strongest price/square foot has occurred,

growth, keeping the overall Cap Rates below

as expected, with flex/service center properties

the lowest point during the last cycle. Looking

due to the higher ratio of office to warehouse

forward, the slower economic national growth

space.

should moderate the pricing gains, with forecasts of around 1.7% average rent growth over

Here are some of the notable transactions

the next five years.

during the past 12 months: • •

Green Valley Center in northeast Tulsa for

2019 OUTLOOK

Demand for 5,000 square feet to 20,000 square

$15,800,000

feet with 18-foot-plus clear height and yard

Crosstown Business Center’s 198,877

continues to be the strongest in the Tulsa indus-

square feet for $9,500,000

trial market with these buildings in short supply, especially those around 10,000 square feet.

Located at the head of navigation for the McClellan-Kerr Arkansas River Navigation System in northeast Oklahoma, the Tulsa Port of Catoosa is one of the largest, most inland river-ports in the United States.

65

INDUSTRIAL OVERVIEW

Because of the cost to construct this size of

•

additional inventory will be delivered,

building and developed lots also in short supply,

though it will still remain near record lows.

there is a large delta between the asking price for new construction compared to prospect’s expectations for such product. As these expec-

•

sales of these size of free-standing properties,

Tulsa’s MSA population will surpass 1 million people in 2019.

tations come in line with market conditions and demand, we anticipate additional delivery and

Vacancies will continue to rise slightly as

•

The first half of 2019 has seen relatively

especially given the demand due to cannabis.

flat demand for all product types, but

In NAIOP’s 2016 Tulsa Commercial Properties

during the remaining two quarters of 2019,

Tulsa is poised for a moderate expansion though that growth rate should stay near

Magazine, we wrote about the condition of the

the historical averages.

industrial real estate market. We equated it to a roller coaster with all of the ups and downs during the year and the impact the market and

•

tory will be flat, but new deliveries and

oil changes were making on demand in the Tulsa

post-1985 construction will experience

industrial market. As oil kept steadily increasing

3-4% rental growth, in line with expecta-

thru 2017 and most of 2018, demand, absorp-

tions.

tion, rates, and planned developments and construction strengthened in Tulsa. But since Oct. 3, when oil was $76.41 per barrel, the price of oil has dropped 44% to $42.53 on Dec. 24 and is now $58.33. Here are a few forecasts for the rest of 2019 and into 2020: •

Federal Reserve will maintain the Fed Funds rate, though the President is pushing for a lowering of the rate in

•

Rental rates for existing pre-1985 inven-

•

Medical marijuana will continue to impact the industrial market for the remainder of 2019, especially with C and D properties as well as some B Class properties.

There are still some hills on the roller coaster that could impact the Tulsa economy, such as political turmoil with President Trump and the

the near term.

Democrats, the Fed Funds rate questions,

The uncertainty of the trade wars with

China, the trade tariffs, and the historical cycles

Brexit, the economic slowdowns in Europe and

China, Mexico, Canada and Europe will have little impact in the near term, but could negatively impact Tulsa industrial

all economies go through. But there are reasons to be optimistic and Tulsa is poised for some solid performance in 2019 and into 2020. •

market, and its manufacturing and aerospace sectors during the first half of 2020.

Special thanks to CoStar and Nick Branston for their contributions.

With the establishment of the first post office in March 1879, the name Tulsa was officially adopted as the growing city’s name.

66

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NAIOP IS COMMERCIAL REAL ESTATE.

2019 deals of the year award event April 23, 2020 • mayo hotel COMMERCIAL REAL ESTAT E DEVELOPMENT ASSOCIAT ION TULSA CHAPTER

THANK YOU AGAIN TO LAST YEAR’S SPONSORS PLATINUM SPONSOR

COCKTAIL HOUR SPONSORS

SILVER SILVERSPONSORS SPONSOR VALET SPONSOR

PHOTO BOOTH SPONSOR

67

INDUSTRIAL | SEE ZONES PAGE 27

PROJECT NAME ADDRESS CITY / STATE / ZIP

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) OCCUPANTCY RENT RATE

CONT. SPACE TOTAL AVAIL. SPRINKLERED

LOADING DOORS CLEAR HEIGHT RAIL SERVICE

BROKEN ARROW BA

2101 N. BEECH 2101 N BEECH BROKEN ARROW, OK 74012

WIGGIN PROPERTIES, LLC / SHAWNA HALE / 918-935-2010 5100 E. SKELLY DR, STE 110 TULSA, OK 74103-74135

41,250 81.9% $7.50

3,711 7,447 YES

14’ DRIVE IN DOORS 16’ NO

BA

2600 WEST ALBANY 2600 W ALBANY BROKEN ARROW, OK 74012

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

46,492 66.8% $6.25

15,446 15,446 YES

DOCK 22’ NO

BA

6100 CENTER 2205 N WILLOW BROKEN ARROW , OK 74012

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

32,096 100.0% $7.50

0 0 NO

DRIVE IN & DOCK DOOR 18’ NO

BA

CENTERGATE BUSINESS PARK 13445 E. 59TH ST. TULSA, OK 74134

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

380,000 100.0%

0 0

DOCK HIGH/DRIVE IN 22’ NO

BA

COMMERCE CROSSING 2308-2316 N SWEET GUM AVE BROKEN ARROW, OK 74012

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

51,368 43.5% $6.95

29,038 29,038 YES

DOCK HIGH & DRIVE IN 24’ NO

BA

COMMERCE CROSSING 3825 W ALBANY BROKEN ARROW, OK 74012

CBRE, INC. / MATT KLIMISCH / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

45,000 100%

0 0 YES

DOCK HIGH/DRIVE IN 24’ NO

BA

COMMERCE CROSSING 3925 W ALBANY BROKEN ARROW, OK 74012

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

43,119 100.0% $6.95

0 0 YES

DOCK HIGH/DRIVE IN 24’ NO

BA

GREENWAY TACOMA BUILDING 1913 TACOMA ST BROKEN ARROW, OK 74012

WATERMARK COMMERCIAL PROPERTIES / DUSTIN HANSEN / 918-994-4407 4527 E 91ST ST, TULSA, OK 74137

46,150 93.7% $7.00

2,900 2,900

DOCK/DRIVE IN 9-12’

BA

HENSHAW BUSINESS PARK 2502-2628 N HEMLOCK CITSTE A1 BLDG BROKEN ARROW, OK 74012

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

141,876 100.0% $7.95

0 0 NO

DOCK HIGH/DRIVE IN 21’ NO

BA

IOLA TRADE CENTER 1904 W. IOLA ST BROKEN ARROW , OK 74012

ADAMS & ASSOCIATES / DAN ADAMS / 918-495-3661 P. O. BOX 2407 BROKEN ARROW, OK 74013

20,000 50.0% $7.20

5,000 10,000 NO

NO

BA

METRO PARK EAST I 13700 E 61ST ST TULSA, OK 74146

EQUITAS REALTY ADVISORS / MARCO PLACENCIA / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

60,000 100.0% $5.50

0 0 YES

GRADE A DOCK 24’ NO

BA

METRO PARK EAST II 13655 E 61ST ST TULSA, OK 74146

EQUITAS REALTY ADVISORS / MARCO PLACENCIA / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

60,000 100% $5.50

0 0 YES

GRADE A DOCK 24’ NO

BA

METRO PARK IV 12122 E 55TH TULSA, OK 74146

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

112,500 100%

0 0 ESFR

DOCK HIGH & DRIVE IN DOORS 30’ NO

2833 E APACHE 2833 E APACHE TULSA, OK 74110

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

31,661 0.0% $5.12

31,661 31,661 NO

14’ No

4111 S. 72ND E. AVE. 4111 S. 72ND E. AVE. TULSA, OK 74135

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E 41ST STREET, SUITE 101, TULSA, OK 74135

30,924 100% $6.50

0 0

12-16’

CENTRAL

EXPRESSWAY CENTER 3621-3751 S 73RD E AVE TULSA, OK 74145

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

248,163 86.8% $4.50

11,744 32,738 YES

GRADE LEVEL & DOCK HIGH 18’ NO

CENTRAL

FORMER RESOURCE ONE PRINTING 6201 E 43RD ST TULSA, OK 74135

CBRE, INC. / JAMES HILL, JR. / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

108,230 0% $3.65

108,230 108,230

1 DRIVE IN DOOR, 2 DOCK DOORS; 1 RAMP DOOR

NO

CENTRAL CENTRAL

CENTRAL

10’-13’ NO

NOTE EXPANDED LISTING

68

PROJECT NAME ADDRESS CITY / STATE / ZIP

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) OCCUPANTCY RENT RATE

CONT. SPACE TOTAL AVAIL. SPRINKLERED

LOADING DOORS CLEAR HEIGHT RAIL SERVICE

EAST

12535 E. 52ND STREET WAREHOUSE 12535 E 52ND ST TULSA, OK 74146

TWENTY-FIRST PROPERTIES, INC. / MIKE ESTUS / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

82,290 100% $0

0 0 YES

9 24’ NO

EAST

51ST STREET TULSA BUSINESS PARK 11626 E 51ST ST TULSA, OK 74146

WIGGIN PROPERTIES, LLC / SHAWNA HALE / 918-935-2010 5100 E. SKELLY DR, STE 110 TULSA, OK 74103-74135

40,000 90.6% $7.25

3,750 3,750 YES

14’ DRIVE IN DOORS 16’ NO

EAST

5304 E. 125TH E. AVE. 5304 E. 125TH E. AVE. TULSA, OK 74146

PRICE EDWARDS / TANDA FRANCIS / 918-394-1000 7633 E. 63RD PL., STE. 400 TULSA, OK 74133

33,000 100% $7.25

0 0 0

EAST

5402 S. 129TH E. AVE 5402 S. 129TH E. AVE TULSA, OK 74134

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

20,000 100.0%

0 0 YES

28’ NO

EAST

5619 S 129TH E AVENUE 5619 S 129TH E AVENUE TULSA, OK 74134

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

88,000 0.0% $7.95

88,000 88,000 YES

30’ NO

EAST

56TH STREET WAREHOUSES 11105-11119 E 56TH ST TULSA, OK 74146

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

43,200 100.0%

0 0 YES

DRIVE IN 14’ NO

EAST

5800 CENTER 5727 / 5807 S GARNETT RD TULSA, OK 74146

EQUITAS REALTY ADVISORS / MARCO PLACENCIA / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

52,000 86.5% $7.50

4,200 7,025 NO

GRADE & DOCK 13’ NO

EAST

5800 GARNETT 5727 & 5807 S GARNETT RD TULSA, OK 74146

AMERICAN SOUTHWEST PROP / JACK WRIGHT / 918-251-0707 2341 W. ALBANY, SUITE A, BROKEN ARROW, OK 74012

62,000 83.9% $7.50

10,000 10,000 NO

GRADE LEVEL & DOCK HIGH 18’ NO

EAST

7498 E. 46TH PL 7498 E. 46TH PL TULSA, OK 74145

CBRE, INC. / DWAYNE FLYNN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

78,600 0% $4.35

78,600 78,600 NO

11 DRIVE IN & DOCK DOORS 14’-26’ NO

EAST

BUSINESS COMMONS TECH CENTER

EAST

• • • • •

12206 East 51st Street

Located in Metro Park, one of Tulsa’s nicest industrial parks E. 51st Street footage near the Broken Arrow Expressway Attractive Design Convenient drive-in loading Flex/R&D space located in the heart of the medical services corridor

Contact: Bob Meyer or Jason M. Kennon Case & Associates Properties, Inc. 918-492-1983 EAST

BUSINESS COMMONS TECH CENTER 12206 E 51ST ST TULSA, OK 74146

CASE & ASSOCIATES / JASON KENNON / 918-492-1983 4200 E. SKELLY DRIVE, SUITE 800 TULSA, OK 74135

37,041 90.7% $7.00

3,461 3,461 NO

GRADE LEVEL OVERHEAD 12’ - 13’ NO

EAST

CENTERGATE BUSINESS PARK 5935 S. 129TH E. AVE TULSA, OK 74134

CBRE, INC. / MATT KLIMISCH / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

61,000 100.0%

0 0

DOCK HIGH / DRIVE IN 30’

EAST

CENTERGATE BUSINESS PARK 5616 S. 129TH E. AVE. TULSA, OK 74134

CBRE, INC. / MATT KLIMISCH / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

556,000 100.0% $5.50

0 0 YES

DOCK HIGH / DRIVE IN 30’ NO

EAST

CENTERGATE BUSINESS PARK 5825 S. 129TH E. AVE. TULSA, OK 74134

CBRE, INC. / MATT KLIMISCH / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

37,938 100.0% $750.00

0 0 YES

DOCK HIGH / DRIVE IN 24’ NO

EAST

CENTERGATE BUSINESS PARK 13033 E. 59TH ST. TULSA, OK 74134

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

113,120 100.0%

0 0 YES

DOCK HIGH & DRIVE IN 30’ NO

EAST

CENTERGATE BUSINESS PARK 13404 E. 59TH ST. TULSA, OK 74134

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

61,120 100.0%

0 0 YES

DOCK HIGH & DRIVE IN 30’ NO

EAST

CENTERGATE BUSINESS PARK 13120 E. 59TH ST. TULSA, OK 74134

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

106,000 100.0%

0 0 YES

DOCK HIGH & DRIVE IN 30’ NO

EAST

CENTERGATE BUSINESS PARK 13510 E. 59TH ST. TULSA, OK 74134

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

60,594 100.0%

0 0 YES

DOCK HIGH & DRIVE IN 30’ NO

EAST

CENTERPOINTE BUSINESS PARK 5802-5884 S 129TH E AVE TULSA, OK 74134

ADAMS & ASSOCIATES / DAN ADAMS / 918-495-3661 P. O. BOX 2407 BROKEN ARROW, OK 74013

74,000 94.6% $5.95

3,000 4,000 NO

YES 12’ NO

NOTE EXPANDED LISTING

69

INDUSTRIAL | SEE ZONES PAGE 27

PROJECT NAME ADDRESS CITY / STATE / ZIP

EAST

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

FREEPORT TRADE CENTER

SIZE (RSF) OCCUPANTCY RENT RATE

• • • • • •

3148-58-68 South 108th East Avenue

CONT. SPACE TOTAL AVAIL. SPRINKLERED

LOADING DOORS CLEAR HEIGHT RAIL SERVICE

Excellent Highway Access nearby and visibility to Hwy 169 Attractive Design Modern Clear Heights Ample Loading Areas Dock High, Van/Truck High, Drive-in ramp Access Large Concrete Truck Court

Contact: Bob Meyer or Jason M. Kennon Case & Associates Properties, Inc. 918-492-1983

EAST

FREEPORT TRADE CENTER 3148-58-68 S 108TH E AVE TULSA, OK 74146

CASE & ASSOCIATES / JASON KENNON / 918-492-1983 4200 E. SKELLY DRIVE, SUITE 800 TULSA, OK 74135

185,732 89.2% $7.50

12,000 20,000 YES

DOCK HIGH, VAN HIGH, GRADE LEVEL 18’, 15.5’, 14.5’ NO

EAST

GARNETT BUSINESS PARK 5460-5550 S GARNETT RD TULSA, OK 74146

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

182,000 97.5% $6.50

4,639 YES

2 16’ NO

EAST

GRAEBEL WAREHOUSE 12535 E 52ND ST TULSA, OK 74146

TWENTY-FIRST PROPERTIES, INC. / MIKE ESTUS / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

82,290 100% $4.50

0 0 YES

(4)10’X10’ DH W/ LEVELERS, (2)8’X10’ DH, (2)12’X14’DI, (1)14’X14’DI

EAST

HEARTLAND TRADE CENTER 12330 E 60TH ST TULSA, OK 74146

ADAMS & ASSOCIATES / DAN ADAMS / 918-495-3661 P. O. BOX 2407 BROKEN ARROW, OK 74013

39,520 75.3% $5.95

9,750 9,750 NO

YES 10’ NO

EAST

MARK I BUSINESS CENTER 12616 - 12626 E 60TH ST TULSA, OK 74146

CBRE, INC. / MATT KLIMISCH / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

50,230 100.0%

0 0 YES

DRIVE IN 19’ NO

EAST

METRO PARK EAST V 6031 S 129TH E AVE TULSA, OK 74134

CBRE, INC. / MATT KLIMISCH / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

59,524 48.8% $7.75

30,500 30,500 YES

DOCK HIGH & DRIVE IN 30’ NO

EAST

METRO PARK I 5233 S 122ND E AVE TULSA, OK 74146

EQUITAS REALTY ADVISORS / MARCO PLACENCIA / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

48,000 100% $7.00

0 0 YES

DOCK & GRADE 24’ NO

EAST

METRO PARK SOUTH 5915 S 118TH E AVE TULSA, OK 74146

TWENTY-FIRST PROPERTIES, INC. / MIKE ESTUS / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

40,000 100%

0 0 YES

DOCK & GRADE 25’ NO

EAST

METRO PARK SOUTH 11807 E 61ST TULSA, OK 74137

TWENTY-FIRST PROPERTIES, INC. / MIKE ESTUS / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

18,960 100%

0 0 YES

5 24’ NO

EAST

METRO PARK SOUTH 5925 S 118TH E AVE TULSA, OK 74137

TWENTY-FIRST PROPERTIES, INC. / MIKE ESTUS / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

20,000 100% $0

0 0 YES

YES 24’ NO

EAST

METRO WAREHOUSE 5616-5634 S 122ND E AVE TULSA, OK 74146

WIGGIN PROPERTIES, LLC / SHAWNA HALE / 918-935-2010 5100 E. SKELLY DR, STE 110 TULSA, OK 74103-74135

73,475 95.9% $6.50

1,500 3,000 PARTIAL

DRIVE IN 16’

EAST

NEWBURY PARK 122 5666 S 122ND E AVE TULSA, OK 74146

NEWBURY PARK / DAVID RUNNELS / 918-812-9988 02021 S. LEWIS AVE , STE 600 TULSA, OK 74104

134,000 94.4% $6.00

5,000 7,500 YES

12’X14’ OHD 20’ & 24’ NO

EAST

SOUTHEAST TECH CENTER

24’ NO

• Located in Metro Park, one of Tulsa’s nicest industrial parks • Easy access with E. 55th St. frontage, one block west of S. 129th E. Ave. • Attractive Design with convenient drive-in loading • Ample loading areas

5411 South 125th East Avenue

Contact: Bob Meyer or Jason M. Kennon Case & Associates Properties, Inc. 918-492-1983

EAST

SOUTHEAST TECH CENTER 5411 S 125TH E AVE TULSA, OK 74146

CASE & ASSOCIATES / JASON KENNON / 918-492-1983 4200 E. SKELLY DRIVE, SUITE 800 TULSA, OK 74135

31,506 90.8% $7.00

2,900 2,900 NO

GRADE LEVEL 14’ NO

EAST

SOUTHPLACE TRADE CENTER 8700 E 41ST TULSA, OK 74145

DAVE RICH COMPANY REALTORS / BILL RICH / 918-744-5474 6506 S. LEWIS AVE., STE. 108, TULSA, OK 74136

25,000 71.2% $6.00

3,600 7,200 NO

NONE 10’ NO

EAST

SPACE CENTER EAST 11915-12027 E 51ST ST TULSA, OK 74146

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

205,500 100.0% $4.50

0 0 YES

DOCK HIGH/DRIVE IN 18’ NO

EAST

TANDEM BUSINESS PARK 12101-12221 E 51ST TULSA, OK 74146

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

88,084 -416.1% $8.00

9,268 454,629 NO

DRIVE IN 14’ NO

NOTE EXPANDED LISTING

70

PROJECT NAME ADDRESS CITY / STATE / ZIP

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) OCCUPANTCY RENT RATE

CONT. SPACE TOTAL AVAIL. SPRINKLERED

LOADING DOORS CLEAR HEIGHT RAIL SERVICE

EAST

TRIANGLE INDUSTRIAL PARK 5829-5899 S GARNETT RD TULSA, OK 74146

LEGACY CP ADVISORS / DAVID LOONEY / 918-438-9999 5841 S. GARNETT RD TULSA, OK 74146

160,890 93.2% $5.00

10,921 10,921 YES/NO

MULTIPLE 16’ - 22’ NO

EAST

WILSHIRE SQUARE 5115 -5129 S. 100TH E. AVE. TULSA, OK 74146

CBRE, INC. / DWAYNE FLYNN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

34,413 92.6%

2,530 2,530 YES

DRIVE-IN DOORS 14’ NO

1 DRIVE-IN DOOR; 4 OH DOORS; 3 DOCK DOORS

MIDTOWN MIDTOWN

4221 S. 68TH E. AVE. 4221 S. 68TH E. AVE. TULSA, OK 74145

CBRE, INC. / JAMES HILL, JR. / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

113,345 38.2% $4.50

70,064 70,064

MIDTOWN

4344 S. MAYBELLE AVE. 4344 S. MAYBELLE AVE. TULSA, OK 74107

PRICE EDWARDS / TANDA FRANCIS / 918-394-1000 7633 E. 63RD PL. , STE. 400 TULSA, OK 74133

27,462 0.0% $4.75

27,462 27,462

MIDTOWN

6504 E. 44TH ST. 6504 E. 44TH ST. TULSA, OK 74145

TWENTY-FIRST PROPERTIES, INC. / MIKE ESTUS / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

25,163 100.0% $4.50

0 0 YES

(3)12’X12’ DH (1)12’X14’ DI OHD (1)12’X14’ DOCK OHD 20’ NO

MIDTOWN

ALLTEC CENTER 9300-B BROKEN ARROW EXPRESSWAY TULSA, OK 74145

BAUER & ASSOCIATES / LARRY MANLEY / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

22,967 100.0% $5.50

0 0 YES

GRADE LEVEL

EXPRESSWAY TRADE CENTER 4304-4328 S MINGO RD TULSA, OK 74146

WIGGIN PROPERTIES, LLC / SHAWNA HALE / 918-935-2010 5100 E. SKELLY DR, STE 110 TULSA, OK 74103-74135

27,500 22.2% $8.50

6,701 21,406 NO

NO

MIDTOWN

FLEX SPACE 4401 S SHERIDAN RD TULSA, OK 74145

TWENTY-FIRST PROPERTIES, INC. / MIKE ESTUS / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

102,214 100% $4.50

57,110 0 YES

4 16-22’ NO

MIDTOWN

MAXIM BUSINESS PARK 43RD ST & MINGO RD TULSA, OK 74146

BAUER & ASSOCIATES / LARRY MANLEY / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

110,056 97.5% $7.00

5,162 2,700 NO

YES 12’ NO

MIDTOWN

MAXIM CENTER 4717-4733 S MEMORIAL TULSA, OK 74145

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

40,800 93.1% $9.00

2,834 2,834 YES

DOCK HIGH & GRADE LEVEL 14’ NO

MIDTOWN

MAXIM PLACE 6701-6715 E 41ST ST TULSA, OK 74145

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

33,750 100.0% $8.00

0 0 NO

GRADE LEVEL 14’ NO

MIDTOWN

NEWBURY PARK 46 6549 E 46TH ST TULSA, OK 74145

NEWBURY PARK / DAVID RUNNELS / 918-812-9988 02021 S. LEWIS AVE , STE 600 TULSA, OK 74104

37,500 93.3% $6.00

2,500 2,500 YES

12X14” OHD 20’ NO

MIDTOWN

SPACE CENTER 7001-7287 E 38TH ST TULSA, OK 74145

CBRE, INC. / JAMES HILL, JR. / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

495,000 87.1% $4.25

33,750 63,750 YES

GRADE LEVEL & DOCK HIGH 18’ YES

MIDTOWN

SUNBELT PLAZA 4343 S MEMORIAL TULSA, OK 74133

MCCOY PROPERTY COMPANY / JIM MCCOY / 918-834-1514 1241 S. HARVARD AVE, TULSA, OK 74112

62,550 76.0% $9.50

9,595 14,995

MIDTOWN

THE TRADE CENTER 7739-43 E 38TH ST TULSA, OK 74145

WIGGIN PROPERTIES, LLC / SHAWNA HALE / 918-935-2010 5100 E. SKELLY DR, STE 110 TULSA, OK 74103-74135

32,800 90.2% $6.25

1,200 3,200 NO

DRIVE-IN DOORS

MIDTOWN

TULSA BUSINESS PARK 7202-7378 E 38TH ST TULSA, OK 74145

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

204,600 75.5% $5.00

13,200 50,160 NO

GRADE LEVEL & DOCK HIGH 16’ - 18’ NO

MIDTOWN

TULSA DISTRIBUTION CENTER 4477 S 70TH E AVE TULSA, OK 74145

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

426,044 99.5% $5.00

2,088 2,088 YES

DOCK HIGH / DRIVE IN VARIES YES

MIDTOWN

NO

NO

NO

NORTH NORTH

3621 N MINGO 3621 N MINGO TULSA, OK 74116

CBRE, INC. / MATT KLIMISCH / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

42,000 0%

42,000 42,000 NO

DOCK HIGH/DRIVE IN 32’ NO

NORTH

5199 N MINGO RD 5199 N MINGO RD TULSA, OK 74117

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

202,486 42.8% $3.50

115,918 115,918 NO

DRIVE IN 20’-32’ NO

NOTE EXPANDED LISTING

71

INDUSTRIAL | SEE ZONES PAGE 27

PROJECT NAME ADDRESS CITY / STATE / ZIP

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) OCCUPANTCY RENT RATE

CONT. SPACE TOTAL AVAIL. SPRINKLERED

LOADING DOORS CLEAR HEIGHT RAIL SERVICE

6408 & 6410 E ARCHER ST 6408 & 6410 E ARCHER ST TULSA , OK 74115

CBRE, INC. / DWAYNE FLYNN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

21,000 75.4% $6.30

5,175 5,175 NO

6 - 8X10 DRIVE IN DOORS

NORTH

AIRPORT OFFICE/WHSE PROPERTY 2231 N SHERIDAN RD TULSA , OK 74115

WOLF GROUP PROPERTIES, LLC / HOWARD WOLF / 918-584-1425 320 S. BOSTON AVE., STE. 202, TULSA, OK 74103

29,680 100.0% $5.50

NORTH

BRANIFF PARK WEST 10502-10626 E PINE ST TULSA, OK 74116

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

261,692 91.1% $4.75

23,413 23,413 YES

NORTH

LOUISVILLE COMPLEX PLANT 3 1355 N LOUISVILLE AVE TULSA, OK 74115

CBRE, INC. / JAMES HILL, JR. / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

65,350 39.7% $5.00

24,750 39,416

NORTH

MIDTOWN INDUSTRIAL CENTER 1024 N LANSING AVE TULSA, OK 74106

TRABAND REALTY / ROBERT TRABAND / 918-629-1988 P. O. BOX 869 TULSA, OK 74101

33,000 100% $4.75

0 0 NO

BOTH DOCK & DRIVE IN 16’ NO

NORTH

NAUTILUS MANUFACTURING FACILITY 10757 E UTE TULSA, OK 74116

LEGACY CP ADVISORS / DAVID LOONEY / 918-438-9999 5841 S. GARNETT RD TULSA, OK 74146

134,600 0% $4.85

134,600 134,600 YES

DOCK HIGH & DRIVE IN 24’ NO

NORTH

TFP AIRPORT DISTRIBUTION CENTER 8831 E PINE TULSA, OK 74115

TWENTY-FIRST PROPERTIES, INC. / MIKE ESTUS / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

120,000 100.0% $2.95

0 0 YES

8 25’ NO

NORTH

NO DRIVE IN / 14’ ROLL UP DOOR 16’ DOCK DOORS & DI 21’ NO

NORTHEAST NE

10701 E. UTE 10701 E. UTE TULSA, OK 74116

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

24,510 74.1% $8.50

6,350

12’

NE

1110 W TENKILLER 1110 W TENKILLER CATOOSA, OK 74015

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

238,310 0.0% $6.40

238,310 238,310 YES

(8) DOCK HIGH DOORS; (8) DRIVE-IN DOORS

NE

11610 E 27TH ST 11610 E 27TH ST TULSA, OK 74116

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

80,580 48.8% $6.50

41,250 41,250 YES

DRIVE IN & DOCK HIGH 30 NO

NE

2121 N 161ST E AVENUE 2121 N 161ST E AVENUE TULSA, OK 74116

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

228,000 0.0% $5.50

228,000 228,000 NO

DRIVE IN 37’ YES

NE

AIRPORT INDUSTRIAL PARK I 11501 - 11541 E PINE ST TULSA, OK 74146

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

155,000 100.0%

0 0 YES

DOCK HIGH & DRIVE IN 25’ NO

NE

BP EXCHANGE 10828 E NEWTON ST TULSA, OK 74116

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

173,400 92.6% $5.50

5,100 12,750 NO

GRADE LEVEL 12’ - 16’ NO

NE

BP EXCHANGE INDUSTRIAL PARK 10837 E. MARSHALL TULSA, OK 74116

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

163,200 92.2% $5.25

2,550 12,750

NE

BRANIFF PARK EAST 1339-1381 N 108TH E AVE TULSA, OK 74116

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

67,660 82.0% $6.00

6,100 12,200 NO

GRADE LEVEL/DOCK HIGH 12’-16’ NO

NE

CROSSTOWN BUSINESS CENTER 9797-10161 E ADMIRAL PL TULSA, OK 74116

WIGGIN PROPERTIES, LLC / SHAWNA HALE / 918-935-2010 5100 E. SKELLY DR, STE 110 TULSA, OK 74103-74135

380,000 97.1% $3.75

11,086 11,086 YES

DOCK HIGH/DRIVE IN 18’ NO

NE

GREEN VALLEY CENTER 11333 E PINE ST TULSA, OK 74116

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

392,229 100.0% $4.75

0 0 YES

OHD & DOCK DOORS 34’ NO

NE

INTERCHANGE BUSINESS PARK 10835 E INDEPENDENCE TULSA, OK 74116

CBRE, INC. / MATT KLIMISCH / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

106,387 89.5% $7.95

11,183 11,183 YES

DOCK HIGH & DRIVE IN 18’ NO

NE

PECAN VALLEY BUSINESS CENTER 1345 N. GARNETT TULSA, OK 74116

OWASSO LAND TRUST / BOB PARKER / 918-605-5865 12150 E. 96TH ST. N., STE 200 OWASSO, OK 74055

27,600 0% $7.50

27,600 27,600 NO

DRIVE IN 20’ NO

NE

VANS GLEN 10816-10840 E NEWTON PL TULSA, OK 74116

PRICE EDWARDS / TANDA FRANCIS / 918-394-1000 7633 E. 63RD PL. , STE. 400 TULSA, OK 74133

53,642 97.2% $4.68

1,500 1,500 0

GRADE 10’ NO

NE

WOLF POINT INDUSTRIAL PARK 1558 N. 107TH AVE. TULSA, OK 74116

CBRE, INC. / JIM BROWN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

20,000 0% $4.77

20,000 20,000

(2) GRADE LEVEL (1) DOCK HIGH 13”

40’ YES

NOTE EXPANDED LISTING

72

PROJECT NAME ADDRESS CITY / STATE / ZIP

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) OCCUPANTCY RENT RATE

CONT. SPACE TOTAL AVAIL. SPRINKLERED

LOADING DOORS CLEAR HEIGHT RAIL SERVICE

OWASSO LAND TRUST / BOB PARKER / 918-605-5865 12150 E. 96TH ST. N., STE 200 OWASSO, OK 74055

125,510 75.5% $6.50

20,000 30,710 NO

DRIVE IN 16’ NO

10405 E 55TH PL 10405 E 55TH PL TULSA, OK 74146

TWENTY-FIRST PROPERTIES, INC. / MIKE ESTUS / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

234,191 100.0% $4.50

0 0 YES

NO

SOUTH

12727 E 61ST ST 12727 E 61ST ST TULSA, OK 74146

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

32,600 0.0% $12.00

32,600 32,600 YES

DRIVE IN & DOCK HIGH 24’ NO

SOUTH

5171 SO. MINGO ROAD 5171 S MINGO RD TULSA, OK 74146

TWENTY-FIRST PROPERTIES, INC. / MIKE ESTUS / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

31,450 100%

0 0 YES

LOADING DOCK/DOORS 28’ CLEAR NO

SOUTH

52ND STREET WAREHOUSE 10000-10050 E 52ND ST TULSA, OK 74146

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

96,480 13.4% $3.95

70,560 83,520 YES

DOCK HIGH 20’ NO

SOUTH

5400 INDUSTRIAL CENTER 5439-5445 S 99TH E AVE TULSA, OK 74146

LEGACY CP ADVISORS / DAVID LOONEY / 918-438-9999 5841 S. GARNETT RD TULSA, OK 74146

15,840 61.1% $8.00

3,180 6,163 NO

2 UP TO 21’ NO

SOUTH

5566 S GARNETT RD 5566 S GARNETT RD TULSA, OK 74146

CBRE, INC. / DWAYNE FLYNN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

40,680 0.0% $4.75

40,680 40,680 YES

MULTIPLE DRIVE IN DOORS

SOUTH

55TH PLACE BUSINESS PARK 10404 E 55TH PL TULSA, OK 74146

ADAMS & ASSOCIATES / DAN ADAMS / 918-495-3661 P. O. BOX 2407 BROKEN ARROW, OK 74013

41,160 100% $7.25

0 0 NO

16.5’ NO

SOUTH

6010 S 129TH E AVE 6010 S 129TH E AVE TULSA, OK 74146

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

23,584 0.0% $12.00

23,584 23,584 YES

24’ NO

SOUTH

7181 MINGO CENTER 7181 S MINGO RD TULSA, OK 74133

EQUITAS REALTY ADVISORS / MARCO PLACENCIA / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

37,400 100% $8.00

0 0 YES

GRADE 14’ NO

SOUTH

9999 E. 59TH ST 9999 E 59TH ST TULSA, OK 74146

CBRE, INC. / JAMES HILL, JR. / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

81,960 0% $4.50

81,960 81,960 YES

DRIVE IN GRADE LEVEL (1) (5)DOCK HIGH 20’ NO

SOUTH

ALSUMA DESIGN CENTER 9915 E. 51ST ST. TULSA, OK 74145

LEGACY CP ADVISORS / DAVID LOONEY / 918-438-9999 5841 S. GARNETT RD TULSA, OK 74146

25,000 68.0% $11.00

8,000 8,000 YES

1 18-22’ NO

SOUTH

BRANIFF MART 5401 S SHERIDAN RD TULSA, OK 74145

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

33,600 66.1% $8.00

8,400 11,400 NO

10’X10’ OVERHEAD 12’ NO

SOUTH

JENKS TRADE CENTER 8446-8448 S PEORIA TULSA, OK 74132

CBRE, INC. / JIM BROWN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

20,000 75% $6.50

2,500 2,500 NO

MULTIPLE DRIVE IN DOORS 15-16’ NO

OWASSO OWASSO

OWASSO INDUSTRIAL PARK 202-310 E. 5TH AVE. OWASSO, OK 74055

SOUTH SOUTH

NO

NOTE EXPANDED LISTING

73

INDUSTRIAL | SEE ZONES PAGE 27

PROJECT NAME ADDRESS CITY / STATE / ZIP

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) OCCUPANTCY RENT RATE

CONT. SPACE TOTAL AVAIL. SPRINKLERED

LOADING DOORS CLEAR HEIGHT RAIL SERVICE

SOUTH

FORD PARTS DISTRIBUTION CENTER 10007 E 61ST TULSA, OK 74146

TWENTY-FIRST PROPERTIES, INC. / MIKE ESTUS / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

80,000 100% $0

0 0 YES

YES 24’ NO

SOUTH

IPC BUSINESS PARK 10102-10126 E 54TH ST S TULSA, OK 74146

ADAMS & ASSOCIATES / DAN ADAMS / 918-495-3661 P. O. BOX 2407 BROKEN ARROW, OK 74013

68,660 98.5% $7.00

1,012 1,012 NO

YES 16.5’ NO

SOUTH

MARKET PLACE EAST 9436 E 51ST ST TULSA, OK 74145

BAUER & ASSOCIATES / DOUG BAUER / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

26,048 87.3% $10.00

3,300 3,300 NO

YES 12’ NO

SOUTH

MARKET PLACE WEST I 9410 E 51ST ST TULSA, OK 74146

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

27,600 76.5% $11.00

6,474 6,474 NO

GRADE LEVEL 14’ NO

SOUTH

MARKET POINTE SOUTH 111TH ST & MEMORIAL BIXBY, OK 74008

WIGGIN PROPERTIES, LLC / SHAWNA HALE / 918-935-2010 5100 E. SKELLY DR, STE 110 TULSA, OK 74103-74135

106,900 96.0% $6.50

2,200 4,300 NO

DRIVE IN OVERHEAD DOORS 17’-21’ NO

SOUTH

METRO PARK EAST III 13505-13555 E 61ST ST BROKEN ARROW, OK 74012

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

100,000 100.0%

0 0 YES

DOCK HIGH/DRIVE IN 30’ NO

SOUTH

METRO PARK EAST IV 13105 E 61ST ST TULSA, OK 74012

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

57,450 73.9% $6.25

15,000 15,000 YES

DOCK HIGH & DRIVE IN 24’ NO

SOUTH

REGENCY CENTER 5024 S MINGO RD TULSA, OK 74146

TWENTY-FIRST PROPERTIES, INC. / MIKE ESTUS / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

28,800 100% $0

0 0 YES

5 24’ NO

SOUTH

SHANNON SQUARE 9433, 9515, 9525 E 51ST TULSA, OK 74145

CBRE, INC. / DWAYNE FLYNN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

99,192 71.3% $5.25

6,400 28,466 NO

YES 12’ NO

SOUTH

SKYLAND SOUTH 5130-5161 S 94TH E AVE TULSA, OK 74145

BAUER & ASSOCIATES / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

65,095 89.3% $5.75

4,497 6,997 NO

YES 16’ NO

2300 S HIGHWAY 97 2300 S HIGHWAY 97 SAND SPRINGS, OK 74063

CBRE, INC. / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

517,148 71.0% $1.75

150,000 150,000 NO

40’ YES

WEST

6430 S. 39TH W. AVE. 6430 S. 39TH W. AVE. TULSA, OK 74132

CBRE, INC. / DWAYNE FLYNN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

31,312 0% $5.00

27,564 31,312 NO

5 DRIVE IN & DOCK DOORS 11’ NO

WEST

8665 W 78TH ST 8665 W 78TH ST TULSA, OK 74131

CBRE, INC. / DWAYNE FLYNN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

28,000 100.0% $6.50

0 0 NO

36’ NO

WEST

909 W. 23RD STREET 909 W. 23RD STREET TULSA, OK 74107

CBRE, INC. / TONY AARONSON / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

52,767 0.0% $4.00

52,767 52,767

(17) GRADE LEVEL LOADING DOCK 14 NO

WEST

TULSA INDUSTRIAL CENTER 5400 S 49TH W AVE TULSA, OK 74107

CBRE, INC. / DWAYNE FLYNN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

363,692 100.0% $3.50

0 0 NO

DOCK HIGH & DRIVE-IN UP TO 35’ YES

WEST

7600 NEW SAPULPA RD. 7600 NEW SAPULPA RD. TULSA, OK 74131

CBRE, INC. / JAMES HILL, JR. / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

42,400 0.0% $5.50

42,400 42,400

5 DRIVE-IN DOORS 28 YES

WEST WEST

NOTE EXPANDED LISTING

74

NAIOP 2019 A DV E RT I S E R S I ND EX

American Heritage Bank 918-224-3210 anb.bank Page 21 Bank of Oklahoma 918-499-8470 7060 S. Yale Ave., Suite 301 Tulsa, OK 74136 bok.com Page 47 BAM Properties 918-584-1414 320 S. Boston Ave., Suite 1130 Tulsa, OK 74103 bamproperties.com Inside Back Cover Case and Associates 918-492-1983 4200 E. Skelly Drive, Suite 800 Tulsa, OK 74135 caseusa.com Back Cover CityPlex 918-493-8888 2488 E. 81st St., Suite 188 Tulsa, OK 74137 tulsatrinity.com Page 1 Commercial Title 918-556-6336 4739 E. 91st St., Suite 200 Tulsa, OK 74137 commercialtitleok.com Page 2 CoStar 800-204-5960 sales@costar.com Page 26 CrossFirst Bank 918-494-4884 7120 S. Lewis Ave. Tulsa, OK 74136 crossfirstbank.com Page 19

Cyntergy 918-877-6000 320 S. Boston Ave. Tulsa, OK 74103 cyntergyaec.com Page 26 Firstar Bank 918-296-1310 9696 E. 101st St. Tulsa, OK 74133 firstar-bank.com Page 4

Frisbie Lombardi Commercial Real Estate 918-747-7600 P.O. Box 52126 Tulsa, OK 74152-0126 frisbielombardi.com Page 47

Legacy Commercial Property Advisors 918-438-9999 5841 S. Garnett Road.

Tulsa, OK 74146 legacyadvisors.com Page 59

McGraw Realtors has been locally owned and managed since 1938 and will be celebrating 80 years in business in 2018. The commercial division was founded in 2008 and since then we have acquired some of the most sought after listings in The Greater Tulsa Area. We now have 15 Commercial Real Estate Agents as well as a team dedicated to Commercial Property Management.

We look forward to continued growth alongside our great city!

Industrial . Warehouse . Office . Land . Multi-Family . Retail . Medical /mcgrawcp /mcgraw-commercial-proper ties @mcgraw_cp

McGraw Commercial Properties 4105 S. Rockford Ave. Tulsa, OK 74105 918.388.9588 www.mcgrawcp.com

McGraw 918-388-9588 4105 S. Rockford Road Tulsa, OK 74105 mcgrawcp.com Page 4 MidAmerica 918-825-3500 4075 Sanders Mitchell St. Pryor Creek, OK 74362 maip.com Insert - Page 64

Gemini Rosemont 918-492-3400 6100 S. Yale Ave., Suite 390 Tulsa, OK 74136 geminirosemont.com Inside Front Cover

OK CCIM 918-850-3654 P.O. Box 14343 Tulsa, OK 74159 okccim.com Page 59

Great Southern Bank 918-499-2602 4200 E. Skelly Drive, Suite 900 Tulsa, OK 74135 greatsouthernbank.com Page 80

Price Edwards & Co. 918-394-1000 7633 E. 63rd Place, Suite 400 Tulsa, OK 74133 priceedwards.com Page 17

INTRUST Bank 405-949-6547 1450 S. Kelly Ave. Edmond, OK 73003 intrustbank.com Page 59

Tulsa Regional Chamber 918-585-1201 1 W. Third St. Tulsa, OK 74103 tulsachamber.com Page 19

JLL 918-492-4844 405-721-1133 us.jll.com/valuation-advisory Page 21

Twenty First Properties 918-743-4300 2121 S. Columbia Ave., Suite 650 Tulsa, OK 74111 tfptulsa.com Page 17

75

76

M U LT I F A M I LY O V E R V I E W

LOOKING GOOD New developments and strong trends help the multifamily market excel.

The multifamily sector in the Tulsa MSA has performed strongly in 2019 to date and looks to perform strongly for the foreseeable future in terms of vacancy rates, rental rates and absorption. This sector has experienced strong performance since 2017. The reason for the strong runup in performance of the sector is two-fold: Strong regional macroeconomic trends and a lack of new apartment units being delivered to the market.

BY STEVEN WATTS 77

M U LT I FA M I LY O V E R V I E W

The Cosmopolitan, currently wrapping up construction at 1717 S. Riverside Drive, will have 264 units ranging in size from studios to threebedroom apartments. MICHELLE POLLARD

There are major multifamily projects under

should do the same for the South Tulsa and

development and planned for the market that

Broken Arrow Class A submarket.

should be undertaking leases in the next 6 to 12 months. These two major projects to watch are:

A submarket that has performed significantly well over the past 24 months has been the

Bomasada’s Cosmopolitan

downtown Tulsa submarket with stabilized

1717 S. Riverside Drive

occupancy for Class A product in the 92-95%

264 units

range and rental rates around the $1.50/square foot. The downtown Tulsa submarket had a sig-

78

Case & Associates’ The Cottages

nificant amount of new units introduced in late

at Cedar Ridge

2016 to early 2017 and it took some time for

East 96th Street and South Garnett Road

these new units to be absorbed, but most all

337 units

units were absorbed by early 2018.

The Cosmopolitan project, located just outside

In addition to the two projects already men-

the IDL, should impact the demand factors of

tioned under development, there are several

the downtown Tulsa Class A multifamily sub-

other large projects planned for the Tulsa

market, while The Cottages at Cedar Ridge

market:

American Residential Group’s The View

located at the intersection of East Archer Street and North Elgin Avenue in the Greenwood District

Noteworthy sales YEAR-TO-DATE IN 2019

161 units Case & Associates’ Redbud Ranch

East 121st Street and County Line Road, Broken Arrow

MOST NOTABLE SALE OF THE YEAR: ESTANCIA AND SONOMA GRANDE 630 units

309 units

LOCATION: East 81st Street and South

Case & Associates’ Aspen Meadows

South 145th East Avenue and East 71st Street, Broken Arrow

Mingo Road (Steadfast Portfolio – 81st & Mingo Corridor) SOLD: March 2019

PRICE: $65,750,000

282 units The View is expected to break ground soon for hopeful delivery by the end of 2020. For the other two Case & Associates’ projects, those are planned to be built in sequence with Redbud Ranch being started by the end of 2019 and Aspen Meadows expected to start in 2020.

These projects expect to perform well in a market that continues to show strong market

SILVER CREEK CLASS B

320 units

1980 construction

LOCATION: East 41st Street and Highway 169 SOLD: May 2019

PRICE: $14,640,000

trends. The primary concerning macroeconomic factor for the market looks to be stagnant population growth. Net migration is not happening into the market like you would like to see on a long-term basis.

MIXED-USE GROUND FLOOR RETAIL AND 16 APARTMENT UNITS

LOCATION: East Archer Street and

Overall, there is much to be encouraged with in the multifamily sector in the Tulsa MSA. The market has had an excellent 24 months. The big test for the market will be to see how the new supply is absorbed later in 2019 and into 2020. •

DETROIT LOFTS

North Detroit Avenue SOLD: July 2019

PRICE: $4,600,000 Approximately $125 million in net sales in the Tulsa MSA.

Artist Bob Haozous’ “Artificial Cloud” was installed in 1992 on the Boston Avenue Pedestrian Bridge. It is 72.5 feet tall and comments on man’s love of technology and the destructiveness that can come from that love.

79

here’s to you, the ones who make business happen. we’re honored to help make YOUR PROJECTS REALITY.

$ 21,147,000

$ 6,250,000

$ 5,000,000

apartment construction loan bixby, ok

DOWNTOWN OFFICE REFINANCE TULSA, ok

COMMERCIAL RETAIL CONSTRUCTION BROKEN ARROW, ok

$ 1,950,000

$ 250,000

MEDICAL OFFICE REFINANCE TULSA, ok

owner-occupied acquisition TULSA, ok

Blake Will

918.499.2602

bwill@greatsouthernbank.com

Jenna Schwark

918.499.2640

jschwark@greatsouthernbank.com

Chris Meyers

918.499.2609

cmeyers@greatsouthernbank.com

GreatSouthernBank.com NMLS# 423054

Commercial Lending

Your Key to Tulsa’s Most Famous Spaces.

320 South Boston Building

Mid-Continent Tower

Kennedy Building

21st & Xanthus

Utica Plaza

Utica Place

bam

Properties.

(918) 584-1414 320 South Boston Avenue, Suite 1130 Tulsa, Oklahoma 74103 Review available listings at bamproperties.com

1515 South Utica

Utica Center West

100 Boulder

Case and point.

It’s pretty simple. At Case & Associates Commercial, business is easy. We have the best deals in the market and can move faster than any other property management company. Working with someone else...what’s the point?

Visit caseusacommercial.com commercial.com for a complete listing of current properties.

c a s e U S A c o m m e r c i a l . c o m