Blue Cross selling OKC building, leasing space

Blue Cross and Blue Shield of Oklahoma said its present building, which it has owned since 1985, is too big for its needs and requires work. The six-story, 80,000-square-foot building was constructed in 1977.
by Richard Mize Published: September 13, 2013
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Haynes said Manhattan Construction started work on the IBC space in early July. ZPD+A is the architect.

“We're pleased with the design and construction progress of the new space, and expect a smooth transition to the IBC Center,” Haynes said.

Finding so much Class A office space to lease in northwest Oklahoma is a rare feat. Average vacancy in the best buildings in the submarket had tightened to 3.7 percent at midyear, according to Price Edwards & Co.

“Larger Class A Users currently have very few space alternatives in this popular submarket and with Class A rental rates climbing to $21.80 per square foot, some new construction is inevitable in the next few years,” Price Edwards said in its midyear office summary.

by Richard Mize
Real Estate Editor
Real estate editor Richard Mize has edited The Oklahoman's weekly residential real estate section and covered housing, commercial real estate, construction, development, finance and related business since 1999. From 1989 to 1999, he worked...
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