TULSA, Oklahoma – October 26, 2016 –CBRE announces the sale of BOK Place at Southern Hills, a 126,656-square-foot Class A office building in Tulsa. The eight-story asset was 89 percent occupied at closing.
Mary Martin, SIOR, CCIM, with CBRE’s Tulsa office, represented the seller, Allegiancy Houston, LLC.
The building is located at 5727 South Lewis Avenue near the intersection of East 61st Street and South Lewis Avenue with close proximity to Southern Hills Country Club. Building amenities include high-speed fiber, on-site banking with drive through lanes and an on-site deli. Major tenants include Bank of Oklahoma and Home Depot.
“Although some sectors in the commercial real estate market have stalled a bit, there is still a demand for well located Class A office buildings in Tulsa,” said Mary Martin, First Vice President with CBRE’s Tulsa office.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
