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Big Industrial Purchases 2M-SF-Plus Tire Plant

OKLAHOMA CITY-Big Industrial reportedly pays less than $10 per sf for the closed Bridgestone/Firestone factory. The buyer plans to redevelop and multi-tenant the property.

By John McCloud | Updated on December 27, 2007

(Read more on the industrial market.)

OKLAHOMA CITY-A developer that specializes in retrofitting old factories for contemporary industrial use has purchased the 2.59-million-sf Bridgestone/Firestone tire plant for what is rumored to be a bargain price. Although the principals are declining to reveal how much it cost to buy, local sources indicate Big Industrial LLC of Prairie View, KS picked up the 300-acre property for less than $10 per sf and possibly as low as $6 per sf.

One of the region’s largest employment centers, the plant at 2500 S. Council Rd. was built in 1969 for Dayton Tire Co. More recently it was owned and operated by Bridgestone Firestone North American Tire LLC, which shut it down last December and hired Philadelphia-based Binswanger to find a buyer.

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