LOCAL FASTENER AND SUPPLY COMPANY CONSOLIDATES AND EXPANDS OKC OPERATIONS
Local Fastener and Supply Company Consolidates and Expands OKC Operations
Oklahoma City, OK
| November 4, 2019
CBRE Marketing Nearly 40,000 Square Feet of Industrial
and Office Space on Melrose Lane
CBRE announces the availability of four industrial properties in southwest Oklahoma City. The properties are located at 7424, 7444, 7500 A and 7500 B Melrose Lane, between Rockwell Avenue and Council Road.
The properties were previously occupied by LTR Fastener & Supply, a locally owned fastener business. LTR was founded in 2008 and has grown from five to 30 employees since then. Following this enormous growth, the company is consolidating their operations and moving to a 40,000 square foot facility in Oklahoma City.
The Melrose Lane properties have easy accessibility to I-40 and I-44, have approximately 36,900 square feet of industrial space and 2,758 square feet of office space between the four of them.
“The properties have served us well with the ease and access to I-40, and most of our customers are close to the location,” said Donnie Talbert, LTR. “We have been extremely blessed as an organization and are looking forward to come together under one roof and begin creating a newfound synergy amongst our LTR family.”
“LTR is a great example of a homegrown success story,” saidRandy Lacey, Vice President, CBRE. “LTR started off in one small building and continued to grow until they required a bigger facility for all of their employees to be under one roof. The facilities on Melrose Lane are in a great location and have the necessary amenities for companies looking to grow and improve their business.”
LTR will vacate the buildings by the end of 2019. The buildings are available for lease beginning in January 2020.
Mr. Lacey with CBRE’s industrial team is marketing the properties.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 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 atwww.cbre.com.