Office sales increase ‘heartbeat’ of Oklahoma City
Price Edwards & Co. said 15 office buildings totaling 2.4 million square feet changed hands for a combined $138 million. Several involved redevelopment projects, not just the usual rent return on multitenant investment.
If 2012 office sales in Oklahoma City lacked magnitude, they made up for it in novelty.
Some notable properties changed hands, and reuse and redevelopment were behind the deals, not just investment in income-producing property, according to Price Edwards & Co.
Price Edwards tracked 15 sales of buildings totaling 2,443,000 square feet for a combined $138 million, according to its year-end office market summary. The report, which recorded only buildings...
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