Tapstone Energy, a company founded in October by former SandRidge Energy CEO Tom Ward, is preparing to establish its permanent headquarters at the Mideke Building in Bricktown.
The move is expected to conclude within one year following renovations to the building, which was built in 1919 and is on the National Register of Historic Places. The company’s initial occupancy will be in the top three floors, which have been empty since Mideke Supply Co. closed its operations in Bricktown more than 30 years ago.
Newmark Grubb represented the building owners and Tapstone. The deal with Tapstone provides enough space for the company to grow its workforce to up to 150 employees in the Mideke building. Tapstone is currently located in downtown’s Oklahoma Tower, 210 Park Ave.
“We believe that Bricktown being adjacent to the Central Business District makes it prime real estate for future business development,” Ward said. “There is tremendous value for business in these beautiful and historic buildings above and around restaurants and store fronts. With employees filling the vacant space, there can be a great synergy among retail, residential and business that will be beneficial for all.”
The company’s move into Bricktown will include renovations that will be overseen by architect Aaron Rogers with Rogers Partners and financed through Chris Dunning at CBRE. Rogers is scheduled to present renovation plans Wednesday to the Bricktown Urban Design Commission.
“This is the same group that did the renovation of the Braniff Building,” said Tapstone Energy spokesman Greg Dewey. “This is a presentation only, designed to get feedback from the committee members.”
Andy Burnett, Zach Martin and Jeff Johnson, partners in Mideke Building LLC., bought the top three floors of the five-story building, 108 E Main, last year and initially intended to adapt the space into housing.