OKC Ballet Purchases AEP Gym For $4,115,000
The Oklahoma City Ballet has purchased the American Energy Partners corporate gym on N Classen. The nonprofit organization plans to convert the space into a new home for the professional company, administrative offices, and its school the Dance Center of Oklahoma City Ballet. The purchase of this facility will help aid the ballet in providing ample space for their expanding company, and other directives the organization facilitates. The sales process for the property was a unique one, as there is not an abundance of commercial properties on the market built specifically as a gym. However, after a bid process, the Oklahoma City Ballet was tapped as the new owner and they could not be happier with their purchase. Tre Dupuy with Price Edwards & Company handled the transaction.
Bridgestone Tires Purchases Land off Council Road
Bridgestone Americas Tire Operations has purchased a 10.45-acre tract of land in Oklahoma City. The property is located on S. Council Road adjacent to the former site of the Dayton Tires manufacturing plant. The land was retained by Bridgestone in the 2007 sale of the manufacturing facility for the future site of a truck tire service center. The site has plans for a 200,000 square foot bulk warehouse development, as well as the development of a build to suit project for an auto parts company. Bob Puckett with Price Edwards & Company handled the transaction.
Mach Resources Leases 18,000 SQFT at Wireless Way
Newly-formed Mach Resources leased 18,346 square feet at 14201 Wireless Way. Mach Resources was recently begun by energy industry pioneer, Tom Ward. The lease was structured to provide for Mach’s anticipated rapid growth by providing expansion capabilities.
Located immediately north of the John Kilpatrick Turnpike, Wireless Way was built in 2001 as the 150,000 SF corporate headquarters of Dobson Communications. In 2007 the company was acquired by AT&T who occupied the building until 2016 when it relocated its personnel to its own building in downtown Oklahoma City. After falling to 0% occupancy after AT&T’s relocation, the building is currently 44% leased with existing activity expected to bring the building to 65% leased by mid-year 2017. Craig Tucker with Price Edwards & Company handled the transaction.
