The 189,124-square-foot Towne Center at 10810 East 45th St. recently sold in an office portfolio.
TULSA—A $48.68 million loan was obtained to finance the acquisition of a portfolio of nine office buildings totaling more than 1 million square feet. JLL Capital Markets experts worked on behalf of Group RMC to place the loan with Citigroup Inc.
Adam Schwartz, Aaron Appel, Keith Kurland, Jonathan Schwartz, Matt Collins and Sean Bastian led the team handling the debt assignment.
“This portfolio represented a significant opportunity to acquire a high-profile selection of quality office assets located in Tulsa's affluent southern submarkets,” said Schwartz. “Offering a combination of low-, mid- and high-rise office space, the buildings appeal to a broad array of tenants as an economic alternative to the area's higher-priced office assets.”
The nine-building 1.03 million-square-foot portfolio is entirely located in Tulsa. The properties include the 189,124-square-foot Towne Center at 10810 East 45th St., the 166,754-square-foot Exchange Tower at 4500 South Garnett Rd., the 138,708-square-foot Triad Center 1 at 7666 East 61st St., the 134,941-square-foot Two Memorial Place at 8023 East 63rd Pl., the 119,331-square-foot Corporate Place at 5800 East Skelly Dr., the 93,366-square-foot Commerce Tower at 5801 East 41st St., the 72,196-square-foot 51 Yale Building at 5110 South Yale Ave., the 66,836-square-foot Riverbridge Office at 1323 East 71st St. and the 42,119-square-foot Three Memorial Place at 7615 East 63rd Pl.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
