X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TULSA, OK-With a new deal in hand, the owner of Eastgate Metroplex has the former shopping center-turned-office complex to about 40% occupancy six months after completing the 641,000-sf phase one. Alorica Inc. has taken 45,000 sf from Eastland Partners LLC, an affiliate of Atlanta-based NSC New Markets Real Estate.

The customer service management provider from Chino, CA plans to use the 14002 E. 21st St. location as a call center. Alorica will be the inaugural tenant for the Eastgate building, which will be completed in December. The new tenant also has an option for an additional 25,000 sf. Alorica currently employs 1,300 workers on eight floors at Cityplex Towers at 81st Street and Lewis Avenue, but plans to cut back to three floors.

Michael Ogden, managing senior vice president of Transwestern’s Central region, which has the leasing assignment, says the asset is being marketed primarily, but not exclusively to call center operators. Other large tenants include Coca-Cola Co., which took 80,000 sf for use as a call center; University of Phoenix Inc., which took 40,000 sf for a new campus and student resource center; and Workforce Oklahoma, which has 22,000 sf. IBC Bank, WestStar Mortgage, Kaffe Bona and the Oklahoma Department of Public Safety have leased smaller spaces.

Eastland Mall was developed in the 1970s. Over the years, tenants began to desert the mall for newer shopping centers. At the time NSC purchased the sprawling building from Simon Property Group in 2006 for $1.5 million, it was about 70% leased.

The new owner budgeted $55 million to convert the mall to nearly 900,000 sf of offices and build a 252,000-sf class A office tower. The tower is under negotiation for a build-to-suit project. Rents are quoted at $9.50 per sf annually. CB Richard Ellis’ Oklahoma team represented Alorica.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.