Real estate briefs from The Oklahoman for Feb. 9, 2019
Distribution center finds new tenants
A new storage warehouse-distribution center owned by an affiliate of Hobby Lobby is fully occupied with three new tenants, according to CBRE, which negotiated the leases.
The 61,000-square-foot building at 6120 SW 29 is leased by AZ Partsmaster with 23,000 square feet, Arjo Inc. with 15,000 square feet, and Niagara Bottling LLC with 23,000 square feet, CBRE said. The building has rear loading docks, modern glass accents and design features, a 30-foot clear-height ceiling and ample parking.
Randy Lacey and Austin Lacey, industrial brokers with CBRE in Oklahoma City, represented the landlord, HL Campus LLC. Payson L. MacWilliams with Colliers International represented AZ Partsmaster, Randy Vaillancourt with GBR Properties represented Arjo Inc., and Dwayne Flynn and Ryan Shaffer with CBRE in Tulsa represented Niagara Bottling.
Phoenix-based AZ Partsmaster is a home and property maintenance supplier. This is its first Oklahoma distribution center. Illinois-based Arjo Inc. is a global supplier of medical devices and services for people with reduced mobility and age-related health challenges. This is an expansion of their Oklahoma City operations. Ontario-based Niagara Bottling is a manufacturer of bottled water and soft drinks. This location is a support facility for a new plant on Sara Road.
“This building is a new, state-of-the-art distribution center,” said Randy Lacey, vice president at CBRE in Oklahoma City. “We are excited to have secured a strong tenant mix at this well-positioned facility, bringing this building to 100 percent leased. The strength of Oklahoma City’s industrial market along with the first-rate offerings of this property made it a great fit for the region.”
Property auction brings in $6.24 million
The auction of Garvin County farmland and mineral interests brought $6.24 million for the Mary and James Harrison Foundation from a single buyer after multiple bids on the properties individually and as a whole, according to Schrader Real Estate and Auction Co.
The auction attracted more than 60 bidders, several online. A crowd of more than 100 attended the event at Springs Event Venue in Blanchard. The late Lindsay couple's foundation funds causes, including scholarships, Christian mission organizations and relief organizations.
“We had anticipated a good turnout, because it was a rare opportunity to acquire quality surface and mineral acreage like this in Grady, Garvin and McClain counties,” auction manager Brent Wellings said.
Building owners group elects directors
The Building Owners and Managers Association's Oklahoma City chapter, which will play host to the BOMA Southwest Conference later this year, has elected board members for 2019. They are:
President, Sharon Florez, CBRE; vice president-programs, Mary Paltani, Hines; secretary-treasurer, finance & planning, Bruce Koehler, Hines; membership, James Bois, Waste Management; managers meetings, Angel Bailey, Lincoln Property Co.; education, Kristi Adams, 7-Eleven Stores; government affairs, John Powell Walker Jr., Wiggin Properties LLC; public relations, Mandy Hinkle, Price Edwards & Co.; and communications, Maggie Hendrix-Raprich, Blackmon Mooring. Dolores McNiven is executive director. Tawni Phelan is associate director.