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BJS Sells OKC Industrial for $4.7M
R. K. Black, Inc. acquired the industrial building at 4000 NW 39th St. in Oklahoma City, OK for $4.7 million, or about $31 per square foot. The 152,092-square-foot warehouse delivered in 1960 in the West Industrial submarket. Two-thirds of the building...

Amini’s Galleria Pays $2.8M for Edmond Retail Building
Amini’s Galleria, a privately-held indoor and outdoor home furnishings store, acquired a retail building from Wholesale Hot Tubs for $2.8 million, or about $96 per square foot. The single tenant building delivered in 2000 at 525 W. Memorial Ave....

Martin Joins Western Specialty Contractors
Douglas Martin joined Western Specialty Contractors as the branch manager of its Tulsa, OK branch. Western Specialty Contractors is the nation’s largest specialty contractor in concrete and masonry restoration, EIFS restoration and re-coating, parking...

JLL Wins Assignment to Find Electric Vehicle Charging Sites in $2 Billion Volkswagen Investment
For years, CRE brokers have predicted that electric vehicle (EV) charging stations will become standard amenities at office buildings, shopping centers, hotels, service stations and even restaurants. Volkswagen subsidiary Electrify America just handed...

Market Trend: Oklahoma City's Mid-Year Industrial Deliveries, Construction and Inventory
During the second quarter 2017, nine buildings totaling 135,700 square feet were completed in the Oklahoma City market area. This compares to 11 buildings totaling 376,711 square feet that were completed in the first quarter. There were 308,364 square...

Market Trend: Select Top Three Oklahoma City Industrial Leases Signed in Q2 2017
The select top industrial lease signed during the first half of 2017 in the Oklahoma City market was at 4680 NW 3rd St. in the West Industrial submarket. Pratt Corrugated Holdings, Inc. leased 107,100 square feet there in the second quarter. Newmark...

Stan Johnson Co Adds Three to Growing Corporate Finance Group
Stan Johnson Company has added three new professionals to its corporate finance group, continuing its rapid national expansion. Stephen Cheng joins the firm as a director, with Campbell Black and Jennifer Cameron joining the firm as associates. The...

Market Trend: Oklahoma City's Industrial Vacancy Increases to 3.8%
The Oklahoma City Industrial market ended the second quarter 2017 with a vacancy rate of 3.8%. The vacancy rate was up over the previous quarter, with net absorption totaling negative 31,743 square feet in the second quarter. That compares to positive...

As Popularity of PACE Clean-Energy Financing Increases, Lawmakers See Need for Reforms
Commercial real estate owners and developers who have discovered the flexibility and affordability of Property-Assessed Clean Energy (PACE) financing have boosted the program to its largest financing levels in the program's eight-year history, increasing...

Sealy Seals Major Warehouse Acquisition, Expands OKC Industrial Footprint by 1.2M SF
In one of the largest sales of commercial property in Oklahoma so far this year, Dallas-based Sealy & Co. has closed on its acquisition of a privately-traded real estate investment trust (REIT) and its related holdings, including a 17-building industrial...

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