Real estate notes for Sept. 1, 2012

Real estate notes for Sept. 1
Published: September 1, 2012


50 Penn chooses leasing agent

In-Rel Properties, owner of 50 Penn Place, has selected Tim Strange, managing director of Sperry Van Ness/William T. Strange & Associates, as leasing agent. Strange will be assisted by office broker Blake Renegar and retail broker Danny Ojeda. The 320,923-square-foot 50 Penn Place, 1900 Northwest Expressway at N Pennsylvania Avenue, has both office and retail space. Large spaces on retail levels R-1, R-2 and R-3 lend themselves to office, showroom and retail uses, Strange said.

“The flexible layout of the first three levels will appeal to tenants — ranging from financial service firms and recruiting companies to architectural and design firms, to name a few — who simply need open spaces,” said Mukang Cho, CEO of Lake Worth, Fla.-based In-Rel Properties. “It's becoming more common to see technology firms and other forward-thinking businesses occupy space in properties that are not traditional office buildings.”

Guernsey celebrates 84th year

Oklahoma City-based Guernsey, an employee-owned engineering, architectural and consulting firm formerly known as C.H. Guernsey, is observing its 84th year in business with a new look, website — — and tagline, “Realize the Difference.”

“Over the last 84 years, Guernsey has continued to change and evolve, which is reflected in our new brand. However, one thing has remained the same: everything we do at Guernsey centers around our clients, including this rebranding effort,” CEO Michael Moore said.

Guernsey logo is meant to pay homage to the client focus that began with founder Charles Harold Guernsey Sr.: a red “G” and three unbroken sides representing the company's divisions — engineering, architecture and consulting. The fourth side features the line creating the G and “symbolizes the client, who is at the center of all the company's services,” Guernsey said.

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