Share “Standley Systems buys Sherman Iron Works...”

Standley Systems buys Sherman Iron Works building in Bricktown

Standley Systems on Monday bought the Sherman Iron Works building, one of the oldest structures in Bricktown, for $897,500.
by Steve Lackmeyer Published: May 1, 2012
Advertisement

After spending the past few years renovating 109-year-old Carroll, Brough & Robinson wholesale grocers at 3 E Main, the building is almost ready for occupancy — but not by its owner, Standley Systems.

Instead, the company on Monday closed on buying the equally historic Sherman Iron Works building across the street at 26 E Main in a deal brokered by Andy Burnett and Zach Martin with Sperry Van Ness/William T. Strange Associates and Vicki Knotts of Grubb & Ellis/Levy Beffort. The 10,000-square-foot building sold for $897,500.

“They were about to move in,” Martin said of the 3 E Main building. “We put Public Strategies in there after they were displaced by a building that Chesapeake had bought. Standley Systems decided to lease it out, looked across the street, and decided to start over.”

The Sherman Iron Works building is on the National Register of Historic Places and is one of the oldest structures in Bricktown, with parts of the property dating to 1899. It has stood empty since the iron works company ended operations in Bricktown about 25 years ago.

Aiding economy

“Every time we can bring a building that's been dark for 30 plus years online it's good for the area,” Burnett said. “Bricktown has a lot of properties that are still in shell condition. These buildings need to be built out. It's sometimes tough to make the economics work, but as the economy rebounds it's getting easier.”

Continue reading this story on the...

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...
+ show more


AROUND THE WEB

  1. 1
    The Science of Why We Learn to Love Foods We Used to Hate
  2. 2
    Reports: NBC finds at least 10 Brian Williams embellishments
  3. 3
    Mavs' Carlisle Fined $25,000 For Criticizing Refs After Loss
  4. 4
    Synthetic Marijuana Continues Sending Truckloads of Teens to ER
  5. 5
    Britt McHenry returns to work after suspension, asks for 'second chance'
+ show more