"The entire redevelopment has been done, except for a 252,000-sf, class A office tower," Michael Ogden, managing senior vice president of Transwestern's Central region, says about the 14002 E. 21st St. property. The tower is under negotiation for a build-to-suit project. Including the tower, about 631,000 sf remains available for lease. Rates in the area range from $13 per sf to $18 per sf, full service.
To date, Coca-Cola Co. has leased 80,000 sf for a call center and the University of Phoenix Inc. took 40,000 sf for a new campus and student resource center. Also on board is Workforce Oklahoma, which has 22,000 sf. "This is catering mainly to business call centers," Ogden says. "We're pleased that Eastland selected us to lease the property. We really value that." He says there are large users eyeing the space, but declined to provide more details.
Ogden tells GlobeSt.com that Transwestern brought University of Phoenix to the location, which was one reason why it was awarded the leasing assignment. Eastland Partners liked Transwestern's national reach, he says.
"Because we didn't have an office in Tulsa, we partnered with Tooman Partners," Ogden says. While Tooman Partners LLC of Tulsa provides local expertise, Transwestern has the national platform to potentially bring in more clients. "We have a lot of clients in Dallas that have business or interest in Tulsa," he adds. "Tooman is giving us a good opportunity to get them more solidified there."
Eastgate Metroplex also will provide a good launch pad for a larger Transwestern presence in Tulsa and the entire state. "Tulsa has around 21 million sf of office space," Ogden says, noting Transwestern also could become involved with some industrial projects in the area.
"We're having meetings this week with some high-profile office building owners for potential leasing and management opportunities," Ogden says. "We've been working closely with the Tulsa Economic Development Corporation, the mayor and the chamber of commerce trying to ally ourselves with the growth going on in Tulsa."
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