IRS, other agencies looking for new home after being told lease won't be renewed

The Oklahoma City operations of the Internal Revenue Service and three other federal agencies are looking for a new home after being informed their current downtown leases may not be renewed.
by Steve Lackmeyer Published: April 30, 2014
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The Oklahoma City operations of the Internal Revenue Service and three other federal agencies are looking for a new home after being informed their current downtown leases may not be renewed.

The 10-story building at 55 N Robinson Ave. was built for the IRS in 1992 and is immediately east of the new Devon Energy Center. The building’s other tenants are the Bureau of Alcohol, Tobacco, Firearms and Explosives, Veterans Affairs, the Occupational Safety and Health Administration and a health care company, Universal American.

Mark Beffort, principal of Newmark Grubb Levy Strange Beffort, said the agencies were notified shortly after the property sold to Mid-South Redevelopers of Los Angeles a year ago that their leases would only be extended three years and might not be renewed again.

“We’re looking at options for redevelopment of the property,” Beffort said. “We want to think about what to do with the building next.”

A broker with CBRE confirmed the IRS is looking for new space in the city — but will only need about 48,000 square feet, much less than what the agency currently leases at 55 N Robinson Ave.

Beffort said the agencies were “wonderful” tenants and that the General Services Administration, which oversees agencies’ leases, always paid its bills on time.

The building, once fully occupied by the agencies, is 20 percent vacant with 30,000 square feet available for lease.

He said both sides could decide eventually to reverse course and negotiate a long-term agreement that keeps the agencies as tenants.

“We may continue to lease it as office space,” Beffort said. “We’re going to make a decision on what to do in the next six months.”

by Steve Lackmeyer
Business Reporter
Steve Lackmeyer is a reporter and columnist who started his career at The Oklahoman in 1990. Since then, he has won numerous awards for his coverage, which included the 1995 bombing of the Alfred P. Murrah Federal Building, the city's Metropolitan...
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