NAIOP Tulsa 2014-2015 by NAIOP Oklahoma

Market Overviews Tulsa National

Industry Overviews Office Retail Industrial Multi-Family

2014-2015 COMMERCIAL PROPERTIES

61st and Yale | Tulsa, Oklahoma | 918.492.3400 | rosemontrealty.com

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ta b l e o f c o n t e n t s tulsa

ON THE RISE.................................................................... 8 by Katie Williams national

DAWN OF A NEW DAY . . ......................................... 14 by John Stancavage office

2014: UPWARD TRANSITION............................. 20 by Michael Predovic & Derek Bateman retail

A STEADY TRAJECTORY. . ...................................... 38 by Bob Reppe industrial

POISED FOR TAKEOFF........................................... 52 by James D. Hill

MAP ZONES .......................25 O FFICE Listings................................... 26

RETAIL Listings................................... 42

INDUSTRIAL Listings................................... 56

GENERAL National NAIOP Members.... 51 Advertiser Index..................... 63

multifamily

RIDING HIGH . . .............................................................. 64 by Steve Ganzkow

Tulsa ranks No. 5 nationally for new and expanded facilities among Tier II cities (Site Selection 2014)

No. 1 city among top 10 most budget-friendly metros (Apartment Guide 2014)

No. 1 city nationwide for young entrepreneurs (NerdWallet 2013)

No. 2 in the country for the location of secure data centers (The Boyd Co. 2012)

No. 2 among top 10 cities for young people to find a job (The Fiscal Times 2012)

No. 3 in national home value growth (Zillow.com 2012)

No. 4 best city nationally to start a business (NerdWallet 2013)

Grow with us. Visit GrowMetroTulsa.com or call 800.624.6822

Justin McLaughlin, CEcD, CCE

Brien Thorstenberg

Senior vice president, economic development Tulsa Regional Chamber jmclaughlin@tulsachamber.com

Vice president, economic development Tulsa Regional Chamber brienthorstenberg@tulsachamber.com

2 0 1 4 N A I O P T U L S A C O M M E R C I A L P R O P E RT I E S

NAIOP OFFICERS & BOARD OF DIRECTORS JASON KENNON president

Case & Associates

NICK PROBST vice president

Corporate Realty Advisors

TANDA FRANCIS s e c r e ta ry

Price Edwards & Co.

BILL MILLER treasurer

Ban cFirst

past presidents Jonathan Cowan, Titan Properties LLC Scott Morgan, Coury Properties Carl Vincent, Ruffin Properties Gene Phillips, Wallace Engineering Steve Ganzkow, American Residential

directors Alynchia Reynolds, Look Properties Chris Bumgarner, Bumgarner Asset Management Ashley Hibbets, Crafton Tull Susan Meeker, Flintco, LLC Danny Overton, NAI Petrous Justin Mclaughlin, Tulsa Regional Chamber

For membership information: Debra Wimpee, Chapter Executive Phone/Fax: 918-477-2404 debra@naioptulsa.com

NAIOPTULSA.COM Published for NAIOP Tulsa Chapter by

Tulsa Commercial Properties is owned by the NAIOP, Tulsa Chapter and is published annually. All reasonable care has been executed to ensure the accuracy of information. The publisher recognizes that printed material is subject to error and does not warrant or guarantee information contained herein. Copyright 2014. All rights reserved. Reproduction in whole or part of information contained herein without prior written approval is prohibited. Tulsa Commercial Properties trademark copyright is registered with the State of Oklahoma. For information or additional copies of Tulsa Commercial Properties, contact NAIOP, Tulsa Chapter, P.O. Box 4654, Tulsa, OK 74159-0654. Telephone (918) 477-2404. Fax (918) 477-2404.

from the president IT IS WITH GREAT HONOR AND PRIDE THAT THE TULSA Chapter of NAIOP presents the 25th edition of the Tulsa Commercial Properties Magazine. Along with this great milestone, we are also proud to announce the new partnership forged with Langdon Publishing, publisher, among other things, of Tulsa People and The Tulsa Voice. Our chapter could not be more excited as we continue to strive to circulate Tulsa’s preeminent commercial real estate magazine that we believe continues to be one of the best resources for the commercial real estate community. I would like to express our gratitude to our industry sector article writers. Your contribution is an integral part of a successful publication. I believe that our readers will find helpful and valuable information, in addition to, a sense of encouragement and perhaps excitement from the articles written for each specific segment of the commercial real estate industry. Although there is no formal theme for this edition, “Build Baby Build” might be the resounding mantra as you read each article. Additionally, recognition must also be made to the many industry practitioners that provided data and property specific information, which makes up the majority of our magazine. Thank you for again providing the most up-todate property information for Tulsa’s most comprehensive commercial real estate publication. We truly appreciate it as we know that everyone’s time is valuable. Please allow me to also touch on the value of becoming a NAIOP member. Joining NAIOP, being active and participating in the many NAIOP Tulsa programs and events not only helps you gain an edge on Tulsa’s thriving commercial real estate market, it gives you access to one of the most connected trade organizations in the community. We ask our members to Get Involved and let us show them how they can put their NAIOP Tulsa membership to work for the furthering of a commercial real estate related career. We invite you to join us and become a member today! On behalf of our Chapter, an utmost “Thank You” must be stated to our advertisers and sponsors. Truly, this publication is not possible without your continued support. I would also like to thank Debra Wimpee, our chapter executive, for your hard work and dedication to this organization; and, Jonathan Cowan, this year’s magazine chair, for your heavy lifting and guidance during this important transition year for our signature product. Many thanks are also needed to the volunteers of the NAIOP Tulsa Chapter Board of Directors, who donate countless hours to ensure the ongoing strength and success of the chapter. Here’s to prosperity and success for all of us in 2014. Enjoy the 25th edition!

JASON KENNON president, naiop

tulsa

Case & Associates

Cover photo by Paul Welch

NEW OWNERSHIP AT KPM ENERGIZES DOWNTOWN SUCCESS KPM owns and manages 2.2 million square feet of office space in the central business district of downtown Tulsa, which accounts for approximately 30 percent of total commercial real estate. » Strategic upgrades and capital investments in excess of $8 million to modernize equipment and rejuvenate spaces in the last 24 months.

“We secured one of the largest square foot lease in an existing commercial building downtown in the last 15 years with the signing of One Gas, Inc. in First Place Tower, the largest building in the our portfolio.”

» Since new ownership invested and assumed oversight,

— STUART PRICE, Principal

KPM has successfully leased or renewed leases of more ATTRACTING YOUNG TALENT

than 400,000 square feet. » More than 300,000 square feet in ready-to-lease form.

“Progressive companies that want to attract and retain the best talent locate in places that give their employees commuting choices and a variety of amenities within walking distance.”

— JOHN PRICE, Principal

The cohesiveness of a downtown district means employers are in a compact location that offers housing and walkable districts for retail and restaurants. The KPM portfolio has everything from flexible shared spaces in historic buildings to elegant class A towers.

KPM

KPM 15 E 5th St, Tulsa, OK 74103 www.kanbarproperties.com

For leasing and management contact DANIEL REGAN, Leasing Director (918) 581-3300 | dregan@kanbarproperties.com

from the developing leaders DEVELOPING LEADERS, IT IS NOT JUST the name given to members under the age of 35, it is a description of quality of individuals that comprise our membership. NAIOP Developing Leaders in the Tulsa chapter are not merely learning the commercial real estate business from the sidelines, they are actively involved in projects and transactions that are helping shape our city. Caitlin Boewe with CBRE was a vital piece of the team that brought tenants Lane Bryant, Versona, Arizona Leather, and Jersey Mike’s to fill in a 23,000 square foot expansion of Tulsa Hills. Developing Leaders Josh Chesney and Stephanie Putzke with Cyntergy AEC recently completed the design of a 6 story 84,000 square foot office building on Cincinnati. Cyntergy will occupy two floors. The church that owns the building will utilize the proceeds to fund their mission programs. As a group the 2014 year started with the annual meet and greet during a Tulsa Oilers game and was hosted by Flintco in their suite at the BOK Center for the second consecutive year. After the game, many of the DL’s and their guests socialized on the 32nd floor of the Summit Club. Later in the year, the Developing Leaders met with John and Tori Snyder of Brickhugger, LLC in the penthouse of the Mayo Hotel to learn how they have taken advantage of tax credits available to developers. The Snyder’s then gave the DL’s an exclusive preview of the Vandever Lofts, a Brickhugger project that converted the Vandever Department store building into 40 modern residential lofts.

www.naiop.org/dl

In April, the DL’s were also invited to attend View From the Top, a unique networking opportunity hosted by Tulsa Young Professionals, that connected 60 young professionals with CEO’s from 10 Tulsa based organizations. Several of the DL’s that attended were able to interact with Alan Armstrong of Williams, Steve Bradshaw of BOK, Elliot Nelson, Pete Patel of Promise Hotels, Jeff Dunn of Mill Creek, among others. The close of 2014 is quickly approaching, but as the fall session of the NAIOP Tulsa Chapter gets back into full swing, so does that of the Developing Leaders. An event to tour and discuss the development of Utica Square is planned for the beginning of the 4th quarter as well as a social gathering to celebrate the year successes. Now is a great time to be in our industry and an even better time to be a Developing Leader.

RYAN MCDANIEL Developing Leaders Co-Chair, Commerce Bank

GRANT ALLEN Developing Leaders Co-Chair, HUB CFR

career>>forward

Developing Leaders program: >> NAIOP’s your career catalyst If you’re a commercial real estate professional who’s 35 or under, you know that “career” is a point that’s constantly in motion. Your forward momentum depends on your drive, your expertise and your connections with others in your field. Your NAIOP Developing Leaders (DL) membership offers you: • Access to leaders in the profession, with opportunities to tap into their expertise • Connections to peers for more effective networking • Opportunities for mentoring and team-building • Timely industry information that gives you a competitive edge Interested? Start your engine: Call Debra Wimpee at 918-477-2404 now, and find out how the Tulsa Chapter of NAIOP can help you CareerForward—and faster. Or, visit us at www.naiop.org/dl CareerForward with the Tulsa Chapter of NAIOP

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2 0 1 4 N A I O P T U L S A C O M M E R C I A L P R O P E RT I E S

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TULSA MARKET OVERVIEW

ON THE RISE Steady growth keeps Tulsa’s real estate market in full swing

It was in 1901 with the discovery of oil in Red Fork that Tulsa became a boomtown, attracting the interest of industry giants. Today, Tulsa’s leaders are focused on diversification, and with record setting employment rates, excitement is building in Tulsa and beyond.

by KATIE WILLIAMS 9

ON THE RISE

Ø Forbes

ranked Tulsa the best city in the U.S. for young entrepreneurs (2013)

The expansion of the oil and gas industry has created more jobs and attracted more young people to the area, which has in turn generated prime opportunities for multifamily housing.

ACCORDING TO A REPORT published by the Tulsa Regional Chamber, nearly 6,000 jobs were created in northeast Oklahoma in 2013 – an increase of around 2,000 over the previous year. Last year, Bob Ball, economist and economic research manager at the chamber, said he believed that by the first quarter of 2014, all jobs lost in the metro area since the recession would be regained. “We’re really close. We’re actually about 99.6 percent there. We’ve regained 31,200 jobs since February 2011, which was the low point. We’re about 1,900 jobs away from regaining all the jobs we lost.” According to Ball, the oil and gas industry continues to be a strong economic driver, along with aerospace and advanced manufacturing. “Overall, we’re hitting about 2 percent in year-over-year gains,” Ball said. “June 10

2 0 1 4 T U L S A M A R K E T O V E RV I E W

compared to one year ago is up nearly 2 percent. Of that, 9.5 percent is from gains in the oil and gas industry and 7 percent in manufacturing.”

had turned into a shell of its boomtown glory days. Public and private funding has breathed new life into downtown, creating opportunities for developers.

Ball attributes Tulsa’s steady growth to the quality of the workforce and the relatively low cost of doing business, which is about 15 percent below the national average. Logistics help, too. A central geographic location with easy access to railways and port shipping is a key advantage for the region. In 2013, the population jumped up 1 percent in the Tulsa metro area, and that rate of growth is expected to continue throughout 2014 and beyond.

“The market for multifamily is the best I’ve seen it in 25 years,” said Steve Ganzkow, senior vice president for American Residential Group (ARG). “We’re seeing strong demand for rental housing throughout Tulsa.The downtown market is somewhat stronger, but the market in general is very strong.”

LIVING THE SUITE LIFE Over the past 10 years, Tulsa’s downtown has experienced a Renaissance of sorts. Marquee event spaces such as the BOK Center, ONEOK Field and the renovated Cox Business Center have spurred progress in an area that

According to Ganzkow, the expansion of the oil and gas industry has created more jobs and attracted more young people to the area, which has in turn generated prime opportunities for multifamily housing. Having recently completed the Metro at Brady Arts District apartments, which is currently at 90 percent occupancy, ARG has another multifamily development in the

The heightened activity isn’t exclusive to downtown Tulsa. Broken Arrow, Owasso, Glenpool, Jenks and West Tulsa are all seeing growth in the residential and commercial sectors.

historic Greenwood district set to break ground in the fall of 2014. Developers are also seeing a renewed demand for build-to-suit office space that is geared specifically to one or two tenants. “A lot of the current office space no longer fits the needs of today’s workers,” said Ganzkow. “Young, highly educated 25- to 35- year-olds are working in more of a collaborative environment. The traditional four walls of an office don’t work with today’s mode of operations and companies are interested in building new facilities that meet their needs.” The heightened activity isn’t exclusive to downtown Tulsa. Broken Arrow, Owasso, Glenpool, Jenks and West Tulsa are all seeing growth in the residential and commercial sectors. “They coexist,” said Ganzkow. “A strong downtown doesn’t come at the expense of the suburban areas.” (continued on page 12)

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ON THE RISE

“The local bank community has been very supportive of the chamber’s efforts to attract new business and I know all of the banks have been very interested in providing financing for new businesses that are located here.”

MONEY TO LEND “It is still a borrowers market,” said Tim James, senior vice president and commercial real estate lending manager at Bank of Oklahoma. “There are a lot more loan dollars available than there are quality loan opportunities.” Multifamily has been the lending sweet spot for the past several years. After the most recent real estate bubble burst, banks began to shore up their losses and exposure. Foreclosures on single-family homes increased and more people opted for apartment and multifamily housing, making it ideal for lending opportunities. “Industrial, office and retail—they’re not at the level of the multifamily product, with higher rates of vacancy in those product types across the city,” said James. “We are seeing more movement in retail space and [BOK has] been involved with some of those projects recently. There’s also some new space going up in Broken Arrow and new space going up near Tulsa Hills.”

2 0 1 4 T U L S A M A R K E T O V E RV I E W

James expects that the local market will be relatively consistent throughout the next two years. “Most banks now are likely to require cash equity or a higher equity component in project financing, and will require personal guarantees,” said James. “The local bank community has been very supportive of the chamber’s efforts to attract new business and I know all of the banks have been very interested in providing financing for new businesses that are located here.” MANAGING COSTS As the economy bounces back, so does the cost of construction. Ganzkow warned that rising costs associated with construction could discourage developers or owners from building new facilities. Dave Kollmann, division president of Flintco, LLC, a commercial construction company, acknowledged this concern and believes that a steady recovery pace will help manage rising costs. “We’ve been slowly making our way back,” Kollmann said. “We’re still not at pre-recession levels, but the steady growth we’re seeing is better for our

economy and the construction infrastructure. As this year is better than last year, I predict that 2015 will be better, and 2016 will be better, and so on in a nice steady pace of a 2 to 3 percent increase in volume.” According to Kollmann, the construction dollar is spent several times over—as companies like Flintco are hired, they are also hiring subcontractors, who are hiring manpower, plus buying materials and equipment. “The challenge will be to manage that,” he said. “We’re seeing a 2.5 percent increase from a material side and labor costs will increase at about the same rate.” OUTLOOK FOR 2015 Overall, Tulsa real estate is headed steadily in a positive direction and the continued outlook for multifamily, retail and office remains positive. Managing construction costs and consistent, low loan rates that entice developers and owners to continue to invest in the market will be key drivers in maintaining stable growth. •

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FOR OUR NEWEST ATTORNEYS, REAL ESTATE LAW IS MORE THAN JUST A JOB. As head of Hall Estill’s Real Estate group, Ken welcomes Tyler, Greg and Vaden to the team. From land acquisition, financing and zoning/regulatory issues to commercial and multifamily leasing and sales, our Real Estate attorneys have the experience and passion to cover the entire footprint of the real estate world.

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HallEstill.com 13

2 0 1 4 N AT I O N A L M A R K E T O V E RV I E W

N AT I O N A L M A R K E T OV E R V I E W

DAWN OF A NEW DAY Slow economic growth could be bolstered by increased oil and gas production

On the surface, it appeared all the stars were coming into alignment for the U.S. economy in 2014: Oil gushed across the country, hiring picked up and the stock market passed the 17,000 level. Instead of breaking out of its malaise, however, the nation actually slipped backward in the first quarter before resuming the slow growth that has been the norm since the end of the Great Recession more than five years ago. Looking ahead to 2015, this series of events has some economists wondering if the glass is half full or half empty. Others are saying itâ&#x20AC;&#x2122;s simply time to adjust our expectations.

by JOHN STANCAVAGE 15

TH D AW E N N EOW F N A ONREM WAD L AY

Oklahoma was named the No. 1 global location for oil and gas investment by the Fraser Institute (2012)

U.S. energy output had once been written off as hopelessly in decline, but modern production techniques — including a process called fracking — has brought new life to many wells.

WILLIAM GREINER, CHIEF investment officer for Mariner Wealth Advisors, called the current pattern “the long, hard slog.”

It seemed that if only a couple of nagging problems could be fixed, the nation’s economic engine would begin firing on all cylinders again.

For now, as the nation deals with high debts levels and cost pressures from huge programs such as Medicare and Medicaid, slow growth seems to be “baked into the economic cake,” he said in a mid-summer note to clients.

Some big issues did improve in 2014, but the year still got off to a perplexing start. The U.S. economy actually shrank 2.9 percent in the first quarter, its worst performance in five years.

“These days, when gross domestic product growth exceeds 2 percent, politicians celebrate and economists smile,” he said. “We need to understand that the average annual GDP rate from 1945 to 2008 was 3.3 percent. This average rate includes negative growth during nine recessions.

Many analysts, though, wrote the decline off as an anomaly caused by bad weather. “Almost every state had big storms move through,” said Jake Dollarhide, CEO of Tulsa-based Longbow Asset Management. “People couldn’t work. They couldn’t shop. They couldn’t purchase cars.”

“Indeed, our nation continues through the ‘long, hard slog,’ or the ‘new normal,’ whatever you wish to call it.”

As the country thawed out, things began to improve, however.

For a while after the Great Recession ended in 2008, it felt like the economy always was poised for great things the next year. A few years came and went, though, and growth continued to crawl along.

One significant upturn came in employment. Most companies downsized severely during the recession and had only been hiring at a snail’s pace since then. But that pace finally picked up, as U.S. business added at least

2 0 1 4 N AT I O N A L M A R K E T O V E RV I E W

200,000 jobs per month from February through July. That was the best job-creation rate in 15 years. Total household wealth, which had been stagnant, passed 2008 levels. Household debt-to-income ratios also shrank to their lowest level in 30 years. As a result, consumers opened their pocketbooks. Consumer spending is projected by many economists to finish the year with a 3 percent gain and rise to 5 percent growth by 2016. HIGH ENERGY Meanwhile, maybe the key long-term swing that has occurred since the recession is the surprising boom in domestic oil and natural gas production. U.S. energy output had once been written off as hopelessly in decline, but modern production techniques — including a process called fracking — has brought new life to many wells. As a result, oil and gas is flowing from domestic soil at a rate not seen in decades.

The U.S. Energy Information Administration forecasts total domestic crude oil production will increase more than 25 percent to 0.3 million barrels in 2015 – the highest level since 1972. The reversal has made the U.S largely energy independent again. In fact, most industry observers now forecast the U.S. will pass Saudi Arabia as the world’s top energy producer in 2015. The flow of oil produced on this continent appears to have reduced the number of shocks to the market that had been seen when conflicts broke out in the Middle East and elsewhere. In 2014, troubles in Iraq, Israel and the Ukraine failed to send oil prices up as significantly as might have happened in the past. ”We probably would have seen oil go to $120 to $130 a barrel (without the additional production),” said Gregg Laskoski, senior petroleum analyst for GasBuddy.com. While the increased domestic oil output has been welcomed, the technology behind it has stirred controversy. In fracking, producers send a mix of water, chemicals and sand down into a well under pressure. This fractures the rock, the sand holds the pores open, and oil or gas flows to the surface.

Most industry observers now forecast the U.S. will pass Saudi Arabia as the world’s top energy producer in 2015. connection between earthquakes and the fracking process itself. After fracking, however, the producer usually has a significant amount of water to get rid of. Some off it is the fracking fluid itself, but certain formations also can “produce” huge amounts of underground water along with hydrocarbons. Typically, all that water is pumped into a separate well for storage.

The NAS study found that injection wells receiving a great volume of fluid under high pressure could trigger an earthquake. For now, a few injection wells have been shut down as a precaution. Fracking itself also has been banned by some counties around the country. The energy industry, though, has been calling for more data before a “rush to judgment” is made. Terry, for one, said a widespread ban on fracking would be harmful to the nation.

“If I were a consumer, I’d definitely be worried,” Terry said. “If we have declines in the supply of energy, then the price of gasoline will go up, heating oil will go up, food will go up and transportation costs will go up.” (continued on page 18) NEEDS REALIZING YOUR DESIGN

FOR THE PAST 25 YEARS.

CLIENT-FOCUSED DESIGN FOR THE PAST 25 YEARS.

Critics of the process say they worry about everything from groundwater contamination to earthquakes. The latter, especially, have started to occur in clusters in previously geologically quiet states such as Texas, Arkansas and, especially, Oklahoma. The industry, however, maintains the process is safe. “We’ve been fracking wells for decades,” said Mike Terry, president of the Oklahoma Independent Petroleum Association. A year-long study by the National Academy of Sciences examined thousands of “frack jobs” and found no 17

TH D AW E N N EOW F N A ONREM WAD L AY

Wall Street is adjusting to the idea that interest rates will finally start inching up. In mid-summer, the Federal Reserve announced it would begin easing off on its efforts to keep rates artificially low.

Right now, such prohibitions seem unlikely for the near future. As a result, many analysts are predicting that oil and gasoline prices will remain close to where they are, or even drop, during the next 12 months. Tom Kloza, chief market analyst for GasBuddy.com, said gasoline prices likely will be down significantly this fall. In fact, many areas could see sub-$3 prices at the pump. “I’d say that would be a safe bet,” Kloza said. Crude oil, at the same time, probably will move in a fairly narrow margin after spending much of the summer at around $100 a barrel. “I don’t think crude will fall much below $95 in the next few years,” said Bob Ball, economic research manager for the Tulsa Regional Chamber. Steadiness in the energy markets could mean investors will continue to return to petroleum companies. “Oil and gas stock have lagged the market for a couple of years, but they are bouncing back,” Dollarhide said.

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PIQUED INTEREST The market, in general, could continue to move upward, barring any severe international conflict or domestic issue. “For 2015, the Dow Jones industrial average could rise 8 percent to 9 percent and pass 18,000,” Dollarhide said. Already, Wall Street is adjusting to the idea that interest rates will finally start inching up. In mid-summer, the Federal Reserve announced it would begin easing off on its efforts to keep rates artificially low. Dollarhide, however, doesn’t anticipate a quick return to inflation. “Interest rates won’t go from zero percent to 5 percent overnight,” he said. “The stock market still can move upward at the same time rates are rising.” If the Fed can carefully manage the return to more normal interest rates, the economy should continue on its upward path, according to Ball, the chamber economist. Sectors that should finish the year on a strong note include durable goods manufacturing; construction; leisure and hospitality; and professional services, he said.

“For the year, I think we could see 2.5 percent growth,” Ball said. Others are not so sure. The International Money Fund initially predicted 2.8 percent growth for the U.S in 2014, but revised that number in July all the way down to 1.7 percent, which would be the slowest rate since the recession. The Bank of Canada followed by adjusting its prediction to an even more pessimistic 1.6 percent. Even if reality turns out to be closer to the IMF’s prediction than Ball’s, it seems there is some reason for hope. “We do see a more optimistic view of the economy going forward,” IMF official Nigel Chalk said in a mid-summer conference call. The U.S. economy could perk back up to a growth rate of 3 percent in 2015 and 2016, the group said. That would be the fastest sustained expansion since 2005. Goldman Sachs thinks the country could even do a little better, at 3.3 percent. Ball said his latest forecast calls for the U.S. to average 3 percent growth annually from 2015 through 2018. “That’s pretty strong,” he said. •

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OFFICE MARKET OVERVIEW

2007: “TULSA’S OFFICE MARKET HAS IMPROVED” 2008: “TULSA’S OFFICE MARKET CONTINUES TO TIGHTEN” 2009: “WEATHERING THE STORM” 2011: “A CITY DIVIDED” 2012: “FLIGHT TO QUALITY” 2013: “STRONG ECONOMIC GROWTH”

2014: UPWARD TRANSITION

Is Tulsa’s office market future hidden in its past? Thankfully, the answer appears to be a resounding “No.” When describing the state of the office market, descriptors such as “stable,” “holding its own,” “cautious,” and “resilient” are widely used. Class A/B+ product, over the past 10 to 15 years, have struggled to find a path forward. Building occupancy would inch up one year only to be brought back to previous levels the next—“giving up what was gained” has been a recurring theme. Now, for the first time in recent years, the Tulsa office market is truly vibrant, expanding, and essentially healthy. This time, things appear to be different.

by MICHAEL PREDOVIC & DEREK BATEMAN 21

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However, many indicators in the office market have remained relatively consistent: • A/B+ product leads market in all measurable indexes. • The lower end of B class as well as C properties continue to lose market share. • D properties becoming functionally obsolete. • Lack of institutional buyers/armslength transactions. • Rates remain “gross” and with only a few exceptions following similar markets converting to “net of electric.” • Large blocks of “shadow” space continue to impact the overall market vacancies/absorption. 2013 RECAP According to the Tulsa Regional Chamber, nearly 6,000 jobs were created in 2013, but the impact of these jobs were felt mostly in the medical and trade arenas and netted no positive impact to office absorption. In fact, according to Xceligent data, 2013 ended with negative absorption of approximately 140,000 square feet across the 195 office buildings tracked for all classes. 2014 FORECAST Deal velocity in 2014 has been the strongest in decades. New leases, renewals, and expansions are at all-time highs, rivaling levels seen in the early 80’s.The difference, however, being that the 80’s activity was spurred by new construction projects such as Warren Place, Williams Center Towers, Richmond Plaza, Triad, Southern Hills Tower, etc. 2014 22

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Tulsa was ranked No. 38 in Bloomberg Magazine’s 2012 list of America’s 50 best cities

HISTORICAL VACANCY & NET ABSORPTION 250,000

20.0% 18.0%

150,000 100,000

16.0%

50,000 0

14.0%

-50,000 -100,000

12.0%

VAC ANCY RATE (%)

200,000 NET ABSORPTION (SF)

THE MARKET TRENDS OF 2014 appear to have marked differences from those of the recent past: • Growing, sustainable rates above $20 per square foot; strong enough to support and encourage new construction, as evidenced with the recent successes at American Plaza. • Buildings boasting full occupancy and maintaining at/near those levels (Williams Center Towers, 110 West Seventh, BOK Tower, Warren Place II, Meridian Tower, Richmond Plaza, Corporate Woods). • A shortage of large, contiguous blocks of A/B+ space fueled by flight to quality. • Strong mixture of office and medical growth citywide. • New “spec” construction at the Geophysical Resource Campus.

-150,000 10.0%

-200,000 2013 Q2

2013 Q3

2013 Q4

2014 Q1

2014 Q2 (courtesy Xceligent)

LARGEST BLOCKS OF AVAILABLE SPACE 12

0 CBD

EAST

MIDTOWN 100K+

NORTH

50-100K

SOUTH

WEST

25-50K

was marked by local companies organically expanding, reflective of Tulsa’s robust energy and medical sectors.

such as Petrohawk space at Warren I and Dollar Thrifty Tower, along with 6502 South Yale and the Verizon Cherokee campus.

Tenants seeking to reside in Class A/B+ buildings can expect landlords to leverage their position of strength due to limited product in the market. Currently, One Technology Center has the largest contiguous block of Class A office space available in the Central Business District (CBD), with 47,738 square feet. However, this building continues to confuse the market with its apparent lack of third party appeal. In the suburban market, One Warren Place has the largest contiguous block of Class A product with 120,000 square feet (partial Petrohawk sublease).

The CBD market—led by the ONE Gas lease at First Place Tower, coupled with MidState Energy’s continued expansion at the Kennedy Building, Magellan Midstream Partner’s expansion at One Technology Center, and Samson/Airgas expansions at One Ten West Seventh—are leading the market in both expansions and absorption. At the end of 2Q14, Class A vacancy in the CBD was at a recent historical low of 4.2 percent.

In addition, there are several large shadow blocks that will be coming online soon—

The suburban market has experienced more balanced growth with a combination of energy, service center and medical expansions/new leases (AMG’s 40,000 square feet at Cityplex Towers).

NOTABLE MARKET TRANSACTIONS NEW LEASES:

• One Memorial – 88,000 square feet $8.4M • Limited number of arms-length, institutional investment sales. Looking ahead, we have every reason to expect the market to remain strong throughout 2014 and into 2015. Unemployment for Tulsa MSA is 4.8 percent (compared to a national rate of 6.3 percent), with the energy services and medical sectors continuing to flex their strength. In addition, the April groundbreaking of Macy’s 1.3-million-square-foot fulfillment center at Cherokee industrial park — with a projected 1,500 employees—represents the largest job creation announcement in nearly a decade for northeast Oklahoma. This furthers our market’s employment posture. Little new supply is in queue, with the exception of the 80,000 square foot Geophysical Resource Center new build, and the reintroduction of the 125,000 square foot Petrohawk space at Warren Place, which will likely be absorbed quickly. So, has Tulsa “arrived”? While we’re not where we want to be in all sectors, we can safely say “yes” regarding our A and B+ properties. All things considered, Tulsa’s present and future are brighter than they’ve been in some time. • * Special thanks to Ron Turner of Xceligent for his assistance with the office market accounting/data.

corporate community, quality affordable office space since 1985.

Commercial and Investment Properties for the Next Century 2121 South Columbia, Suite 650 • Tulsa, Oklahoma 74114-3505 • 918-743-4300 TechRidge ad NAIPetrous same size as last:Layout 1 9/17/13 8:29 AM

Page 1

great

location

• free conference rooms • offices from 200-50,000 sf • on-site management • on-site deli

techRidge O F F I C E

P A R K

41st & Mingo near Hwy 169 & BA Expressway Leasing:

SALES:

Quietly providing Tulsa’s

one

• Enterprise – 162,000 square feet at Eastgate Metroplex • ONE Gas - 140,000 square feet at First Place Tower • Magellan Midstream Partners – 45,000 square feet at One Technology Center • AMG – 40,000 square feet at Cityplex Towers • Bank of Oklahoma – 35,000 square feet at Williams Center Tower II • Tulsa Heaters – 30,588 square feet at 1215 S. Boulder • BlueKnight Energy Partners – 22,000 square feet at American Plaza • Express Integrated Technologies – 22,013 square feet at Towne Center • Cyntergy AEC – 20,660 square feet at 1215 S. Boulder • Wells Fargo Advisors – 14,000 square feet at American Plaza

Susan Davis > NAIPetrous Equitas Realty Advisers, LLC Advisors, LLC

techRidgetulsa.com (918) 280-9900 280-9900 (918) techRidgetulsa.com 918.622.3798 > techRidgetulsa.com 23

MOVING COMMUNITIES

FORWARD

WE WERE BUILT TO MOVE PROJECTS FORWARD. LETâ&#x20AC;&#x2122;S DEVELOP TOGETHER.

www.craftontull.com

2 0 1 4 N A I O P T U L S A C O M M E R C I A L P R O P E RT I E S

ZONES Skiatook Lake

Broken Arrow

CBD

Central

East

Midtown

North

Northwest

Northeast

Owasso

South

Southwest

West

Owasso

E 126th St N E 116th St N 52nd W Ave

Sperry

Valley Park

E 98th St N

Northwest

86th St. N.

78th St N



Gundys Airport

Owasso

U. S

76th St. N.

66th St. N.

21st St.

Riverside Dr

Carbondale



Harvey Young Airport

Union

Rive

71st St. Corridor

Casino Oral Roberts District University



Mingo Valley Expwy

61st St.

Jones Jr Airport

W ill Ro ge rs Tu rn pi ke

New Tulsa Broken Arrow

81st St.

91st St. 101st St.

South

169

111th St.

Mu sk og ee Tu rnp ike Onetta

Broken Arrow

145th E Ave 151st St.

131st St. E 141st St S 161st E Ave

141st St

129th E Ave

Mingo Rd

Memorial Dr

Sheridan Rd

Yale Ave

Harvard Ave

Lewis Ave

Peoria Ave

Elwood Ave

Bixby

Garrett Rd

Broken Arrow Loop

Glenpool 33rd W Ave

East

Creek Nation Trnpk

Jenks

Southwest

49th W Ave

21st St.

Fair Oaks

51st St.

Sapulpa

97th W Ave

11th St.

41st St. Br ok en Ar row Ex pw y 61st St.

44 nsas

Tu rne rT urn pik e

412

169

75 Richard Loyd Cre ek Tur npi ke

31st St.

41st St. Corridor

Arka

Bowden

66 S. U.

Midtown

Historic U.S. 66

Catoosa

West

W 61st St.

ic or st Hi

Central

244

Oakhurst

Apache St.

Garnett

Creek Turnpike

CBD

36th St. N.

Northeast Pine St.

244

Crosstown Expwy

Tulsa

Sand Springs

Ex pw y

Dawson

Keystone Expwy

Tulsa International Airport

46th St. N.

Creek Turnp ike

Pkwy LL Tisdale

Gli cre ase

Mingo Valley Expwy



Mowhawk

Verdigris

56th St. N.

North

Skyline Ridge

E 530 Rd

169

Turley

Hi st or ic

68th W Ave

Limestone

SOURCE: XCELIGENT 25

OFFICE | SEE ZONES PAGE 25

PROJECT NAME ADDRESS CITY / STATE / ZIP

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) FLOORS YEAR BUILT

CONTIGUOUS SPACE TOTAL AVAILABLE SUBLEASE SPACE

GROSS RENTAL RATE % LEASED

BROKEN ARROW BA

BERKSHIRE PLAZA 1615 & 1621 S. EUCALYPTUS AVE. BROKEN ARROW, OK 74012

BAUER & ASSOCIATES / DOUG BAUER / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

36,231 2 2000, 2002

5,150 9,353 0

$17 74.2%

PHOENIX CENTER 2341 W ALBANY BROKEN ARROW, OK 74012

AMERICAN SOUTHWEST PROP / JACK WRIGHT / 918-251-0707 2341 W. ALBANY, SUITE A, BROKEN ARROW, OK 74012

28,000 1 2002

3,000 3,000 0

$7.50 89.3%

TIMBERCREST PARK 1700 W ALBANY ST BROKEN ARROW, OK 74012

AMERICAN SOUTHWEST PROP / JACK WRIGHT / 918-251-0707 2341 W. ALBANY, SUITE A, BROKEN ARROW, OK 74012

36,000 2 1987

12,000 12,000 0

$9 66.7%

WOLF CREEK OFFICE PARKS 2446-2500 W NEW ORLEANS BROKEN ARROW, OK 74011

BAUER & ASSOCIATES / DOUG BAUER / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

24,071 1 2008

4,305 7,057 0

$12.50 70.7%

CBD CBD

• • • • • • • • •

110 WEST SEVENTH 110 West 7th Street

Avoid “downtown slowdown” with best location/access in CBD Ample parking with attached 586 space parking garage + surface Large efficient floorplans with commanding views Four separate substation feeders and available generator capacity to ensure continuous service Robust Security Maximum flexibility with in-floor Walker duct system On-site snack shop, style shop, credit union State-of-the-art building automation systems Dramatic building lobby and commons renovation complete

Contact Trinity Corporate Real Estate Advisors: Michael Predovic 557-8585 or Derek Bateman 812-6879 CBD

110 WEST SEVENTH 110 W 7TH ST TULSA, OK 74103

CBD

1215 S. BOULDER OFFICES

TRINITY CORPORATE REAL ESTATE ADVISORS, LLC / DEREK BATEMAN / 918-493-8888 2448 EAST 81ST , STE. 188 TULSA, OK 74137 • • • • • • •

1215 S Boulder Ave

451,355 28 1972

9,511 31,372 0

$17.50 93%

Lobby Areas feature polished marble walls and terrazzo floor coverings Built-in monitored card entry and closed circuit security systems throughout Great views of downtown Tulsa 10,330 SF + floor plates Free ample parking Service entry with loading dock New fiber with CAT-6 cabling

Contact: Dwayne Flynn, SIOR, CCIM or Bill Mizener, SIOR CB Richard Ellis|Oklahoma, 918-665-3830

Part of the CBRE affiliate network CBD

1215 S. BOULDER OFFICES 1215 S BOULDER AVE TULSA, OK 74133

CB RICHARD ELLIS/OK / DWAYNE FLYNN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

128,000 12 1954

128,000 128,000 0

$12.50 0%

CBD

317 MAIN MALL BUILDING 317 S MAIN TULSA, OK 74103

BOSTON AVENUE MGMT / DONNA DAVIS / 918-584-1414 320 S. BOSTON, SUITE 1130 TULSA, OK 74103-4721

30,878 4 1907

30,878 7,000 16,625

$13 77.3%

CBD

320 SOUTH BOSTON BUILDING 320 S BOSTON TULSA, OK 74103

BOSTON AVENUE MGMT / DONNA DAVIS / 918-584-1414 320 S. BOSTON, SUITE 1130 TULSA, OK 74103-4721

397,000 24 1917

32,000 100,000 0

$16 74.8%

CBD

BANK OF AMERICA CENTER 15 W 6TH ST TULSA, OK 74119

KPM / DANIEL REGAN / 918-581-3300 15 EAST 5TH ST, STE 1600 TULSA, OK 74103

288,776 32 1967/1985

6,582 253,687 0

$14 12.2%

CBD

BANK OF OKLAHOMA TOWER 101 E 2ND ST TULSA, OK 74102

WILLIAMS / GEORGE SHAHADI / 918-573-2857 ONE WILLIAMS CENTER, MD 45 TULSA , OK 74172

1,140,684 52 1978

0 0 0

$22.50 100%

CBD

BEACON BUILDING 406 S BOULDER TULSA, OK 74103

BEACON BUILDING MANAGEMENT / 918-599-0022

95,000 9 1928

11,500 15,000 0

$12.50 84.2%

CBD

BOVAIRD BUILDING 823 S DETROIT AVE TULSA, OK 74103

MAIN SQUARE TOWERS, INC. / RACHEL COX / 918-398-2745 1601 S. MAIN TULSA, OK 74159

70,000 4 1970

5,000 5,000 0

$11.50 92.9%

CBD

CHAMBER OF COMMERCE 616 S BOSTON TULSA, OK 74119

HARRELL RESIDENTIAL / BRUCE HARRELL / 254-772-9639 4315 LAKE SHORE DR. , STE. M WACO, TX 76710

88,719 6 -

5,000 12,000 0

$10 86.5%

CBD

EXECUTIVE CENTER 201 W 5TH ST TULSA, OK 74103

KPM / DANIEL REGAN / 918-581-3300 15 EAST 5TH ST, STE 1600 TULSA, OK 74103

74,303 6 1975

11,990 37,076 0

$12 50.1%

CBD

FIRST PLACE TOWER 15 E 5TH ST TULSA, OK 74103

KPM / DANIEL REGAN / 918-581-3300 15 EAST 5TH ST, STE 1600 TULSA, OK 74103

624,374 41 1956-1973

10,398 270,193 0

$14 56.7%

CBD

FORMER PARKER DRILLING BUILDING 8 E. 3RD STREET TULSA, OK 74103

CORPORATE REALTY ADVISORS / NICK PROBST / 918-392-1950 3150 E. 41ST ST., SUITE 102, TULSA, OK 74105

59,000 10 1937

5,900 59,000 0

$11 0%

NOTE EXPANDED LISTING 26

2 0 1 4 N A I O P T U L S A C O M M E R C I A L P R O P E RT I E S – O F F I C E

SIZE (RSF) FLOORS YEAR BUILT

CONTIGUOUS SPACE TOTAL AVAILABLE SUBLEASE SPACE

GROSS RENTAL RATE % LEASED

FOUR HUNDRED BUILDING 400 S BOSTON TULSA, OK 74103

RIVER CITY DEV. / JEREMY CIMMERER / 918-584-0331 427 S. BOSTON STE. 915 TULSA, OK 74103

53,200 13 1965

4,200 14,697 0

$11 72.4%

HOLARUD 10 East 3rd Street

• Exciting Early Century Architecture • 1 Block From City Hall • Efﬁcient 6,000 SF ﬂoor plates Contact: Corporate Realty Advisors, LLC Nick Probst, CCIM 918-409-0202

CBD

HOLARUD 10 E 3RD ST TULSA, OK 74103

CORPORATE REALTY ADVISORS / NICK PROBST / 918-392-1950 3150 E. 41ST ST., SUITE 102, TULSA, OK 74105

40,000 8 1923

30,000 30,000 0

$8.50 25%

CBD

KENNEDY BUILDING 321 S BOSTON TULSA, OK 74103

BOSTON AVENUE MGMT / DONNA DAVIS / 918-584-1414 320 S. BOSTON, SUITE 1130 TULSA, OK 74103-4721

165,202 10 1917/1980

3,000 16,000 0

$13 90.3%

CBD

MAIN PLAZA I & II 614-616 S MAIN TULSA, OK 74119

KPM / DARLA ELLIOTT / 918-581-3300 15 EAST 5TH ST, STE 1600 TULSA, OK 74103

51,788 3 1930

2,350 20,409 0

$12 60.6%

CBD

MID CONTINENT TOWER

• • • • • • •

401 S Boston Avenue

OFFICE | SEE ZONES PAGE 25

CBD

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

OFFICE | SEE ZONES PAGE 25

CBD

PROJECT NAME ADDRESS CITY / STATE / ZIP

5th Floor Executive Suites Remodeled self park garage with tunnel access Historic building in the heart of downtown Tulsa’s central business district Complete sprinkler system throughout building On-site full-service athletic facility with smoothie bar Luxurious lobby covered in marble and accented with stained glass 15th ﬂoor banquet and meeting facility with balcony and view of downtown

Call 918-669-0300 to learn more about Tulsa’s most recognizable building

CBD

MID CONTINENT TOWER 320 S BOSTON TULSA, OK 74103

BUMGARNER ASSET MANAGEMENT / TERRY ARGUE / 918-587-1900 401 S. BOSTON , STE 3400, TULSA, OK 74103

321,500 36 1917/1984

26,000 38,000 0

CBD

ONE PLACE BUILDING 201 S. DENVER AVENUE TULSA, OK 74103

ONE PROPERTY MANAGEMENT / GARRETT MAHANEY / 918-574-8776 201 S. DENVER AVE, BOX 1, TULSA, OK 74103

49,386 5 2012

0 0 0

CBD

ONE TECHNOLOGY CENTER

• • • • • • •

100 S Cincinnati

$18.50 88.2%

100%

Full Floors Available Plug & Play Workstations Efﬁcient Open Floor Plans Knoll Workstations Included Conference Center Available Parking Garage Adjacent By Covered Skybridge 24/7 Access

Contact: Angela West, MCR, SIOR; or Tawnie Larson, CPM CB Richard Ellis|Oklahoma, 918-665-3830

Part of the CBRE affiliate network CBD

ONE TECHNOLOGY CENTER 100 S. CINNCINNATI TULSA, OK 74103

CB RICHARD ELLIS/OK / ANGELA WEST / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

626,802 15 2002

96,943 145,819 0

$16 76.7%

CBD

PARK CENTRE 525 S MAIN TULSA, OK 74103

KPM / DANIEL REGAN / 918-581-3300 15 EAST 5TH ST, STE 1600 TULSA, OK 74103

180,651 14 1973

9,325 55,050 0

$12.50 69.5%

CBD

PETROLEUM CLUB BUILDING 601 S BOULDER TULSA, OK 74119

KPM / DANIEL REGAN / 918-581-3300 15 EAST 5TH ST, STE 1600 TULSA, OK 74103

118,083 16 1962/95

8,901 61,664 0

$12.50 47.8%

CBD

PHILCADE 509-511 S BOSTON AVE TULSA, OK 74103

KPM / DANIEL REGAN / 918-581-3300 15 EAST 5TH ST, STE 1600 TULSA, OK 74103

428,333 13 1929/1958

16,664 199,544 0

$12 53.4%

CBD

PHILCADE SOUTH 521 S. BOSTON AVE TULSA, OK 74103

KPM / DANIEL REGAN / 918-581-3300 15 EAST 5TH ST, STE 1600 TULSA, OK 74103

158,295 14 1929

51,247 116,337 0

$12 26.5%

CBD

PHILTOWER BUILDING 427 S BOSTON TULSA, OK 74103

CORPORATE REALTY ADVISORS / NICK PROBST / 918-392-1950 3150 E. 41ST ST., SUITE 102, TULSA, OK 74105

130,000 23 1928

10,000 31,760 0

$12 75.6%

CBD

PYTHIAN BUILDING 423 S BOULDER TULSA, OK 74103

KPM / DARLA ELLIOTT / 918-581-3300 15 EAST 5TH ST, STE 1600 TULSA, OK 74103

43,248 4 1930

1,600 13,268 0

$12 69.3%

CBD

RENAISSANCE BUILDING 515 S MAIN TULSA, OK 74103

FLORIS HILLS / FLORIS HILLS / 918-585-2751 515 SOUTH MAIN TULSA, OK 74103

30,000 6 1981

11,408 15,149 0

$17.50 49.5%

NOTE EXPANDED LISTING 27

OFFICE | SEE ZONES PAGE 25

PROJECT NAME ADDRESS CITY / STATE / ZIP

CBD

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) FLOORS YEAR BUILT

• • • • • •

REUNION CENTER 9 East 4th Street

CONTIGUOUS SPACE TOTAL AVAILABLE SUBLEASE SPACE

GROSS RENTAL RATE % LEASED

Corner of 4th and Main Ground Floor Suite Available Aggressive Rates Ownership On-Site New Common Area Finishes Contiguous Full Floors Available

Contact: Corporate Realty Advisors, LLC Nick Probst, CCIM 918-409-0202 CBD

REUNION CENTER 9 E 4TH ST TULSA, OK 74103

CORPORATE REALTY ADVISORS / NICK PROBST / 918-392-1950 3150 E. 41ST ST., SUITE 102, TULSA, OK 74105

90,950 10 1919

27,000 31,574 0

$9 65.3%

CBD

SUN BUILDING 907 S DETROIT TULSA, OK 74120

COATES COMMERCIAL PROPERTIES / ANDERLE KHALED / 918-292-8510 4111 S. DARLINGTON, STE 640, TULSA, OK 74135

250,707 12 1954

90,000 91,974 0

$10.50 63.3%

CBD

THOMPSON BLDG. 20 E 5TH ST TULSA, OK 74103

NAI PETROUS, INC. / PAM AVISON / 918-745-1133 5810 E. SKELLY DR., SUITE 1400 TULSA, OK 74135

133,959 15 1928

8,460 38,105 0

$12.50 71.6%

CBD

WILLIAMS CENTER TOWERS I & II

• • • • •

One West 3rd Street & Two West 3rd Street

Two class “A” distinctive towers in the heart of downtown Immediate access to Hyatt hotel, downtown restaurants and shopping State-of-the-art building technology Executive Garage Newly renovated main lobbies and elevators

Contact: Daniels Greer Properties, LLC, 918-742-7500

CBD

WILLIAMS CENTER TOWER I ONE W 3RD ST TULSA, OK 74103

DANIELS GREER PROPERTIES, LLC / 918-742-7500 ONE WEST THIRD, SUITE 1200 TULSA, OK 74103

312,675 17 1982

5,733 23,129 0

$16 92.6%

CBD

WILLIAMS CENTER TOWER II TWO W 2ND ST TULSA, OK 74103

DANIELS GREER PROPERTIES, LLC / 918-742-7500 ONE WEST THIRD, SUITE 1200 TULSA, OK 74103

455,411 23 1983

16,078 19,078 0

$16 95.8%

CBD

WILLIAMS RESOURCE CENTER 2 E 1ST ST TULSA, OK 74102

WILLIAMS / GEORGE SHAHADI / 918-573-2857 ONE WILLIAMS CENTER, MD 45 TULSA , OK 74172

229,037 3 1978

0 0 0

$22.50 100%

CENTRAL CENTRAL

• • • • • • •

DOLLAR THRIFTY PLAZA 5310, 5330, 5350 E 31st Street

Full Floors Available Front Door Parking 31st Street Signage Easy Access to the Broken Arrow Expressway and I-44 Centrally Located Fiber Provided by Cox, EasyTEL and Verizon 24/7 Access

Contact: Angela West, MCR, SIOR; or Tawnie Larson, CPM CB Richard Ellis|Oklahoma, 918-665-3830

Part of the CBRE affiliate network CENTRAL

DOLLAR THRIFTY PLAZA - EAST TOWER 5330 E. 31ST STREET TULSA, OK 74135

CB RICHARD ELLIS/OK / ANGELA WEST / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

116,853 12 1972

116,853 116,853 0

$14.50 0%

CENTRAL

DOLLAR THRIFTY PLAZA - WEST TOWER 5310 E 31ST ST TULSA, OK 74135

CB RICHARD ELLIS/OK / ANGELA WEST / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

128,907 13 1973

128,907 128,907 0

$14.50 0%

CENTRAL

DOLLAR THRIFTY PLAZA RESERVATIONS CENTER 5350 E 31ST ST, TULSA, OK 74135

CB RICHARD ELLIS/OK / ANGELA WEST / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

31,461 3 1972

31,461 31,461 0

$14.50 0%

CENTRAL

GSA BUILDING 7906 E 33RD ST TULSA, OK 74145

TWENTY-FIRST PROPERTIES, INC. / 918-743-4300 2121 S. COLUMBIA, SUITE 650 TULSA, OK 74114

23,979 1 -

0 0 0

$0 100%

CENTRAL

GUARANTY BLDG. 10159 E 11TH ST TULSA, OK 74128

RUFFIN PROPERTIES / CARL VINCENT / 918-493-7100 7130 S. LEWIS, SUITE 250 TULSA, OK 74136

98,316 6 1983

6,600 18,388 0

$14.50 81.3%

NOTE EXPANDED LISTING 28

2 0 1 4 N A I O P T U L S A C O M M E R C I A L P R O P E RT I E S – O F F I C E

CENTRAL

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) FLOORS YEAR BUILT

• • • • • • • • •

TECHRIDGE OFFICE PARK 9820 East 41st Street

CONTIGUOUS SPACE TOTAL AVAILABLE SUBLEASE SPACE

GROSS RENTAL RATE % LEASED

Tulsa’s only suburban ofﬁce park 13 quality ofﬁce buildings From 200 to 50,000 SF 39+ beautifully landscaped areas On-site management and leasing 6 miles from Tulsa International Airport 9 minutes from downtown Abundant free parking Quick immediate access to Hwy 169 and Hwy 51

Contact: Marco Placencia or Monty Berry, 918-280-9900 Equitas Realty Advisors, LLC CENTRAL

TECHRIDGE OFFICE PARK / BLAINE 9820 E 41ST ST TULSA, OK 74146

EQUITAS REALTY ADVISORS / MARCO PLACENCIA / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

54,464 4 1980

5,568 10,242 0

$12 81.2%

CENTRAL

TECHRIDGE OFFICE PARK / CHEROKEE 4150 S 100TH E AVE TULSA, OK 74146

EQUITAS REALTY ADVISORS / MARCO PLACENCIA / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

53,882 4 1980

4,488 13,374 0

$12 75.2%

CENTRAL

TECHRIDGE OFFICE PARK / COMANCHE 4115 S 100TH E AVE TULSA, OK 74146

EQUITAS REALTY ADVISORS / MARCO PLACENCIA / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

52,520 2 1979

0 0 0

$12 100%

CENTRAL

TECHRIDGE OFFICE PARK / GRANT 4110 S 100TH E AVE TULSA, OK 74146

EQUITAS REALTY ADVISORS / MARCO PLACENCIA / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

36,530 2 1978

10,570 18,596 0

$12 49.1%

CENTRAL

TECHRIDGE OFFICE PARK / GREER 9920 E 42ND ST TULSA, OK 74146

EQUITAS REALTY ADVISORS / MARCO PLACENCIA / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

72,180 2 1978

9,171 12,012 0

$12 83.4%

CENTRAL

TECHRIDGE OFFICE PARK / LOGAN 3840 S 103RD E AVE TULSA, OK 74146

EQUITAS REALTY ADVISORS / MARCO PLACENCIA / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

62,560 2 1981

3,462 17,312 0

$12 72.3%

CENTRAL

TECHRIDGE OFFICE PARK / MILES 4135 S 100TH E AVE TULSA, OK 74146

EQUITAS REALTY ADVISORS / MARCO PLACENCIA / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

33,788 2 1979

17,028 17,028 0

$12 49.6%

CENTRAL

TECHRIDGE OFFICE PARK / OSAGE 9726 E 42ND ST TULSA, OK 74146

EQUITAS REALTY ADVISORS / MARCO PLACENCIA / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

29,030 2 1974

1,211 3,896 0

$12 86.6%

CENTRAL

TECHRIDGE OFFICE PARK / PAWNEE 9910 E 42ND ST TULSA, OK 74146

EQUITAS REALTY ADVISORS / MARCO PLACENCIA / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

38,730 2 1979

0 0 0

$12 100%

CENTRAL

TECHRIDGE OFFICE PARK / ROGERS 9717 E 42ND ST TULSA, OK 74146

EQUITAS REALTY ADVISORS / MARCO PLACENCIA / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

46,128 2 1975

2,976 6,432 0

$12 86.1%

CENTRAL

TECHRIDGE OFFICE PARK / SEMINOLE 9810 E 42ND ST TULSA, OK 74146

EQUITAS REALTY ADVISORS / MARCO PLACENCIA / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

43,895 2 1977

1,809 5,910 0

$12 86.5%

CENTRAL

TECHRIDGE OFFICE PARK / WOODWARD 3810 S 103RD E AVE TULSA, OK 74146

EQUITAS REALTY ADVISORS / MARCO PLACENCIA / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

58,502 2 1982

6,174 6,174 0

$12 89.4%

OFFICE | SEE ZONES PAGE 25

PROJECT NAME ADDRESS CITY / STATE / ZIP

EAST East

• Immediate access to the Broken Arrow Expressway & Highway 169 • On-site Deli • On-site Management • Electronic card access system • Shops and restaurants close by

4500 EXCHANGE TOWER 4500 South Garnett Road

Contact: Paradigm Realty Advisors, L.L.C., 918-665-1900 EAST

4500 EXCHANGE TOWER 4500 S GARNETT TULSA, OK 74146

EAST

CORPORATE WOODS

PARADIGM REALTY ADVISORS / MIKE ESTUS / 918-665-1900 4500 S. GARNETT, SUITE 600, TULSA, OK 74146 • • • • • • •

4500 South 129th East Avenue

CORPORATE WOODS 4500 S 129 E AVE TULSA, OK 74134

7,884 17,102 0

$14.50 89.2%

On-site Grill Common Area Conference Rooms Locker Rooms/Jogging Trail/Fitness Center Monument Sign Loading Docks Abundant Parking Connectivity: Verizon, AT&T, EasyTel, TW Telecom, Cox

Contact: Jared Andresen, Newmark Grubb Levy Strange Beffort, 918-481-3200

Levy Strange Bef fort EAST

157,813 10 1982

NEWMARK GRUBB LEVY STRANGE BEFFORT / JARED ANDRESEN / 918-481-3200 2021 S. LEWIS , STE 410 TULSA, OK 74104-5710

553,000 3 1980

22,543 22,543 0

$16.50 95.9%

NOTE EXPANDED LISTING 29

OFFICE | SEE ZONES PAGE 25

PROJECT NAME ADDRESS CITY / STATE / ZIP

EAST

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

EASTGATE METROPLEX

•

14002 East 21st Street

• • • •

Levy Strange Bef fort EAST

EASTGATE METROPLEX 14002 E 21ST ST TULSA, OK 74134

EAST

EXCHANGE CENTER

SIZE (RSF) FLOORS YEAR BUILT

CONTIGUOUS SPACE TOTAL AVAILABLE SUBLEASE SPACE

GROSS RENTAL RATE % LEASED

True mixed-use development designed for ofﬁce, retail, medical, educational and municipality use Suitable for large and small tenant use - 824 to 361,349 SF available 5,000+ parking spaces on-site Redundant power and ﬁber feeds 24 hour security with late night security escorts provided

Contact: Jared Andresen Newmark Grubb Levy Strange Beffort, 918-481-3200 NEWMARK GRUBB LEVY STRANGE BEFFORT / JARED ANDRESEN / 918-481-3200 2021 S. LEWIS , STE 410, TULSA, OK 74104-5710

1,055,798 3 1985

277,326 425,006 0

$14 59.7%

• High Visibility • Immediate access to Broken Arrow Expressway & Highway 169 • Terriﬁc location • Ample parking • On-site property management

4606-4608 South Garnett Road

Levy Strange Bef fort

Contact: Warren Stewart Newmark Grubb Levy Strange Beffort, 918-481-3200

EAST

EXCHANGE CENTER 4606-08 S GARNETT TULSA, OK 74146

NEWMARK GRUBB LEVY STRANGE BEFFORT / WARREN STEWART / 918-481-3200 2021 S. LEWIS , STE 410 TULSA, OK 74104-5710

140,006 12 1979

13,908 30,072 0

$14.50 78.5%

EAST

SOUTHPARK 4343 S 118TH E AVE BROKEN ARROW, OK 74146

AMERICAN SOUTHWEST PROP / JACK WRIGHT / 918-251-0707 2341 W. ALBANY, SUITE A, BROKEN ARROW, OK 74012

117,000 2 -

40,000 40,000 0

$12 65.8%

EAST

TOWNE CENTRE

• • • • • •

10810-10830 East 45th Street

Three (3) Building Complex Excellent access to Highway 169 and Broken Arrow Expressway Individual HVAC controls Shops and restaurants close by Electronic card access system Large efﬁcient ﬂoor plates

Contact: Paradigm Realty Advisors, L.L.C., 918-665-1900 EAST

TOWNE CENTRE 10810-20-30 E 45TH ST TULSA, OK 74146

PARADIGM REALTY ADVISORS / MIKE ESTUS / 918-665-1900 4500 S. GARNETT, SUITE 600 TULSA, OK 74146

179,827 3 1980

8,300 50,917 0

$12.50 71.7%

EAST

UNION PINES 4700 S GARNETT TULSA, OK 74146

US CELLULAR CORP. / 773-399-8900

134,298 2 1999

0 0 0

$15.50 100%

MIDTOWN MIDTOWN

2021 LEWIS CENTER 2021 S LEWIS TULSA, OK 74104

NEWMARK GRUBB LEVY STRANGE BEFFORT / WARREN STEWART / 918-481-3200 2021 S. LEWIS , STE 410, TULSA, OK 74104-5710

87,346 7 1985

3,100 5,000 0

$18 94.3%

MIDTOWN

21 CENTRE PARK 2642 E 21ST STREET TULSA, OK 74114

CLARK INTERESTS / MANAGER / 918-749-9998

39,842 2 1982

5,658 5,658 0

$15.50 85.8%

MIDTOWN

21 LEWIS PLAZA 2424 E 21ST ST TULSA, OK 74114

CB RICHARD ELLIS/OK / MARY MARTIN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

57,218 5 1967

3,151 4,959 0

$14.50 91.3%

MIDTOWN

2800 CENTER 2805-2835 E SKELLY DR TULSA, OK 74105

PRICE EDWARDS / TANDA FRANCIS / 918-394-1000 8242 SOUTH HARVARD, SUITE I TULSA, OK 74137

35,846 1 1972

2,100 13,103 0

$11 63.4%

MIDTOWN

3000 CENTER 3015 E SKELLY DR TULSA, OK 74105

NAI PETROUS, INC. / DANNY OVERTON / 918-745-1133 5810 E. SKELLY DR., SUITE 1400 TULSA, OK 74135

57,860 2 1972

5,000 17,500 0

$11.50 69.8%

MIDTOWN

3100 CENTER 3105 E SKELLY DR TULSA, OK 74105

NAI PETROUS, INC. / DANNY OVERTON / 918-745-1133 5810 E. SKELLY DR., SUITE 1400 TULSA, OK 74135

49,145 0 1972

2,500 11,200 0

$11.50 77.2%

MIDTOWN

4415 S. HARVARD 4415 S HARVARD TULSA, OK 74135

PRICE EDWARDS / TANDA FRANCIS / 918-394-1000 8242 SOUTH HARVARD, SUITE I TULSA, OK 74137

44,500 2 1980

3,855 9,787 0

$15 78%

MIDTOWN

BOSTON PLACE 1516 S BOSTON TULSA, OK 74119

MAIN SQUARE TOWERS, INC. / RACHEL COX / 918-398-2745 1601 S. MAIN TULSA, OK 74159

44,611 4 1983

0 0 0

$14.50 100%

NOTE EXPANDED LISTING 30

2 0 1 4 N A I O P T U L S A C O M M E R C I A L P R O P E RT I E S – O F F I C E

MIDTOWN

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

BOULDER TOWERS

SIZE (RSF) FLOORS YEAR BUILT

• • • • • • • • •

1437 South Boulder Avenue

CONTIGUOUS SPACE TOTAL AVAILABLE SUBLEASE SPACE

GROSS RENTAL RATE % LEASED

Prestigious 15-story ofﬁce tower Close to Inner Dispersal Loop and Downtown Close proximity to Ambassador Hotel Covered parking Building conference center Electronic card access system On-site bank, deli, and convenience store Fitness center with showers and locker roooms On-site management and engineering

Contact: Terry Payne, SIOR CB Richard Ellis|Oklahoma, 918-665-3830

Part of the CBRE affiliate network MIDTOWN

BOULDER TOWERS 1437 S BOULDER TULSA, OK 74119

CB RICHARD ELLIS/OK / TERRY PAYNE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

521,802 15 1960/1980

0 0 0

$16.25 100%

MIDTOWN

CBRE OKLAHOMA BUILDING 1401 S. BOULDER TULSA, OK 74119

CB RICHARD ELLIS/OK / MARY MARTIN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

42,428 3 1954

11,213 11,213 11,213

$13 73.6%

MIDTOWN

COLUMBIA OFFICE 2651 E 21ST TULSA, OK 74114

BAUER & ASSOCIATES / VICKI TAPP / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

33,176 5 1959

0 0 0

$15.50 100%

MIDTOWN

COMMERCE TOWER

• • • • • •

5801 East 41st Street

OFFICE | SEE ZONES PAGE 25

PROJECT NAME ADDRESS CITY / STATE / ZIP

On-site Deli Conference Room Storage On-Site Conveniently located near expressway system Full Service bank on-site Electronic card access system

Contact: Paradigm Realty Advisors, L.L.C., 918-665-1900

MIDTOWN

COMMERCE TOWER 5801 E 41ST TULSA, OK 74135

PARADIGM REALTY ADVISORS / MIKE ESTUS / 918-665-1900 4500 S. GARNETT, SUITE 600 TULSA, OK 74146

CORPORATE PLACE

93,735 10 1981

• • • • •

5800 East Skelly Drive

9,100 20,644 0

$14 78%

Conference Room Garage Parking On-Site Deli Electronic card access system Recently Renovated Lobby

Contact: Paradigm Realty Advisors, L.L.C., 918-665-1900

MIDTOWN

CORPORATE PLACE 5800 E SKELLY DR TULSA, OK 74135

PARADIGM REALTY ADVISORS / MIKE ESTUS / 918-665-1900 4500 S. GARNETT, SUITE 600 TULSA, OK 74146

115,952 13 -

8,349 29,967 0

$13 74.2%

MIDTOWN

FOUNTAIN PLAZA 4815-4867 S SHERIDAN TULSA, OK 74145

BAUER & ASSOCIATES / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

74,530 1 1970

2,387 15,295 791

$11.50 79.5%

MIDTOWN

FULTON 46 BUILDING 5350 E 46TH ST TULSA, OK 74135

BAUER & ASSOCIATES / DOUG BAUER / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

23,347 2 1978

2,850 8,798 0

$11.50 62.3%

MIDTOWN

HARVARD 41 4130-4154 S HARVARD TULSA, OK 74135

MONTE DUNHAM R.E. / PERRY DUNHAM / 918-627-4230 6355 E. 41ST ST. TULSA, OK 74145

26,881 2

1,965 3,671 0

$14.50 86.3%

MIDTOWN

HARVARD CENTER 3010 S HARVARD TULSA, OK 74114

CB RICHARD ELLIS/OK / MARY MARTIN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

46,072 4 1966

3,048 10,794 0

$12.50 76.6%

MIDTOWN

HARVARD GARDENS 4520 S HARVARD TULSA, OK 74135

HEC HOLDINGS LLC / 918-747-6063

23,219 2 1981

1,806 3,337 0

$15 85.6%

MIDTOWN

HARVARD TOWER 4775 S HARVARD TULSA, OK 74135

BAUER & ASSOCIATES / DOUG BAUER / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

66,720 6 1969

923 2,499 4,322

$12 96.3%

MIDTOWN

INTERNATIONAL PLAZA

• • • • • • •

1350 South Boulder

Superb Location in the heart of uptown Tulsa Terriﬁc 360° Views Marvelous Interior Finishes Common Area Meeting Room Exercise Facility, Lockers and Showers Great Proximity to the IDL and BA Expressway Ample onsite parking

Contact: Barry K. Boethin 1350 S Boulder, Ste 100, Tulsa, OK, 74119, 918-585-6488 MIDTOWN

INTERNATIONAL PLAZA 1350 S BOULDER TULSA, OK 74119

INTERNATIONAL PLAZA / BARRY BOETHIN / 918-585-6488 1350 S. BOULDER STE. 100 TULSA , OK 74119

116,232 12 1957

12,300 12,300 0

$15.50 89.4%

NOTE EXPANDED LISTING

OFFICE | SEE ZONES PAGE 25

PROJECT NAME ADDRESS CITY / STATE / ZIP

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) FLOORS YEAR BUILT

CONTIGUOUS SPACE TOTAL AVAILABLE SUBLEASE SPACE

GROSS RENTAL RATE % LEASED

MIDTOWN

LITTLEFIELD BUILDING 1307 S BOULDER TULSA, OK 74119

NEWMARK GRUBB LEVY STRANGE BEFFORT / JARED ANDRESEN / 918-481-3200 2021 S. LEWIS , STE 410, TULSA, OK 74104-5710

44,360 4 1999

0 0 0

$16.50 100%

MIDTOWN

MAIN SQUARE TOWERS 1601 S MAIN TULSA, OK 74119

MAIN SQUARE TOWERS, INC. / 918-398-2745 1601 S. MAIN TULSA, OK 74159

52,440 5 1969

1,000 1,000 0

$10.75 98.1%

MIDTOWN

MAPCO PLAZA

• Easy access to expressways and within 25 minutes of any point in Tulsa • Abundant free parking including covered executive parking • 24 hour card access system and CCTV • Individual thermostat controls • On-site management and after-hours security • Men’s and women’s locker rooms with showers • AT&T and Cox updated infrastructure • Common area meeting room • Standby generator supports entire building in case of power outage Contact: Patrick Coates, CCIM, 918-610-0700 Coates Commercial Properties, LLC www.coatesproperties.com

1717 South Boulder Avenue

MIDTOWN

MAPCO PLAZA 1717 S BOULDER TULSA, OK 74119

MIDTOWN

MERIDIAN TOWER

140,825 10 1983

COATES COMMERCIAL PROPERTIES / PATRICK COATES 4111 S. DARLINGTON, STE 640 TULSA, OK 74135 • • • • • • • •

5100 East Skelly Drive

0 0 0

$15 100%

Ten-story Class A ofﬁce building Centrally located in Tulsa with immediate access to I-44 Garage for all employees Health facility with locker rooms and showers Common area conference room Fully sprinklered Card access entry system On-site snack bar/deli

Contact: Mary Martin, SIOR, CCIM or Terry Payne, SIOR CB Richard Ellis|Oklahoma, 918-665-3830

Part of the CBRE affiliate network MIDTOWN

MERIDIAN TOWER 5100 E SKELLY DR TULSA, OK 74135

CB RICHARD ELLIS/OK / MARY MARTIN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

205,891 10 1981

14,924 26,995 0

$19.25 86.9%

MIDTOWN

MIDWAY OFFICE 2727 E 21ST TULSA, OK 74114

TWENTY-FIRST PROPERTIES, INC. / 918-743-4300 2121 S. COLUMBIA, SUITE 650 TULSA, OK 74114

46,769 6 1974

1,622 3,044 0

$13.50 93.5%

MIDTOWN

PARKLAND PLAZA 2121 S COLUMBIA TULSA, OK 74114

TWENTY-FIRST PROPERTIES, INC. / 918-743-4300 2121 S. COLUMBIA, SUITE 650 TULSA, OK 74114

52,415 7 1969

7,400 19,243 0

$13.50 63.3%

MIDTOWN

REMINGTON TOWER 5810 E SKELLY DR TULSA, OK 74135

NAI PETROUS, INC. / DANNY OVERTON / 918-745-1133 5810 E. SKELLY DR., SUITE 1400 TULSA, OK 74135

90,009 18 1983

5,400 20,000 0

$16.50 77.8%

MIDTOWN

SOUTHLAND TOWER 4111 S DARLINGTON TULSA, OK 74135

COATES COMMERCIAL PROPERTIES / PATRICK COATES 4111 S. DARLINGTON, STE 640 TULSA, OK 74135

115,376 12 1995

5,102 18,947 0

$14.75 83.6%

MIDTOWN

ST. JOHN BUILDING CORP 1924 S UTICA TULSA, OK 74104

UTICA SERVICES / MIKE ABBOTT / 918-744-2965 1923 S. UTICA TULSA, OK 74104

123,480 14 1975

0 0 0

$14 100%

MIDTOWN

THE COLONIAL BUILDING 1325 E 15TH ST TULSA, OK 74120

TULSA LAND COMPANY LLC / JOSHUA A. WALKER / 918-605-2807 1325 EAST 15TH ST., SUITE 200, TULSA, OK 74120

29,173 2 1927

0 0 0

$18 100%

MIDTOWN

UTICA PLACE 2200 S UTICA PL TULSA, OK 74114

UTICA PLAZA CO., LLC / MISTY SIMMONS / 918-955-1300 21ST & UTICA TULSA, OK 74114

111,000 10 2008

6,000 6,000 0

$25 94.6%

MIDTOWN

UTICA PLAZA 2100 S UTICA TULSA, OK 74114

UTICA PLAZA CO., LLC / MISTY SIMMONS / 918-955-1300 21ST & UTICA TULSA, OK 74114

48,588 5 1996

0 0 0

$19 100.0%

MIDTOWN

WESTERN FINANCIAL CENTER 4870 S LEWIS TULSA, OK 74105

DIXON R.E. CO., INC. / SONDRA HIGHFILL / 918-748-0308 4870 S. LEWIS, SUITE 100 TULSA, OK 74105

77,868 2 1986

0 0 0

$15 100%

NORTH NORTH

AIRPORT OFFICE WAREHOUSE 2133 N SHERIDAN TULSA, OK 74115

WOLF GROUP PROPERTIES, LLC / HOWARD WOLF / 918-584-1425 320 S. BOSTON AVE., STE. 202, TULSA, OK 74103

29,680 1 2002

4,200 10,000 0

$6 66.3%

NORTH

VERIZON CHEROKEE CAMPUS 6929 N LAKEWOOD AVE TULSA, OK 74117

PRICE EDWARDS / TANDA FRANCIS / 918-394-1000 8242 SOUTH HARVARD, SUITE I TULSA, OK 74137

860,000 2 1985

68,000 68,000 0

$9 92.1%

NOTE EXPANDED LISTING 32

2 0 1 4 N A I O P T U L S A C O M M E R C I A L P R O P E RT I E S – O F F I C E

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) FLOORS YEAR BUILT

CONTIGUOUS SPACE TOTAL AVAILABLE SUBLEASE SPACE

GROSS RENTAL RATE % LEASED

CB RICHARD ELLIS/OK / DWAYNE FLYNN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

53,755 1 1969

9,000 22,088 0

$12.50 58.9%

TRINITY CORPORATE REAL ESTATE ADVISORS, LLC / DEREK BATEMAN / 918-493-8888 2448 EAST 81ST , STE. 188, TULSA, OK 74137

24,000 2 2009

11,900 24,000 0

$21 0%

NORTHEAST NE

GREEN VALLEY CENTER 11333 E PINE ST TULSA, OK 74116

OWASSO OWASSO

FIRST BANK CENTER 8601 N GARNETT ROAD OWASSO, OK 74055

OFFICE | SEE ZONES PAGE 25

PROJECT NAME ADDRESS CITY / STATE / ZIP

SOUTH SOUTH

• Superb Location • Conference Room • Close proximity to restaurants, shopping, lodging and banking • Easy access to I-44 • Overlooks Lafortune Park and golf course • Electronic card access system • Large efﬁcient ﬂoor plates

51 YALE BUILDING 5110 South Yale

Contact: Paradigm Realty Advisors, L.L.C., 918-665-1900 SOUTH

51 YALE BUILDING 5110 S YALE TULSA, OK 74135

PARADIGM REALTY ADVISORS / MIKE ESTUS / 918-665-1900 4500 S. GARNETT, SUITE 600 TULSA, OK 74146

69,960 5 1982

16,296 25,177 0

$14.50 64%

SOUTH

6655 LEWIS BUILDING 6655 LEWIS BUILDING TULSA, OK 74135

NAI PETROUS, INC. / MATT SURRETT / 918-745-1133 5810 E. SKELLY DR., SUITE 1400 TULSA, OK 74135

71,423 3 1986

7,050 7,050 0

$18.50 90.1%

SOUTH

7127 RIVERSIDE 7127 S RIVERSIDE TULSA, OK 74136

TRAK-1 / DAN ROBERTS / 918-779-7000 7131 RIVERSIDE PARKWAY TULSA, OK 74136

36,273 1 1993

0 0 0

$13 100%

SOUTH

AMERICAN PLAZA 6060 AMERICAN PLAZA TULSA, OK 74135

TRINITY CORPORATE REAL ESTATE ADVISORS, LLC / DEREK BATEMAN / 918-493-8888 2448 EAST 81ST , STE. 188, TULSA, OK 74137

81,000 8 2013

11,500 14,000 14,000

$23.50 82.7%

SOUTH

ATLANTA SOUTH OFFICE PARK 2502-2532 E 71ST TULSA, OK 74136

TWENTY-FIRST PROPERTIES, INC. / 918-743-4300 2121 S. COLUMBIA, SUITE 650 TULSA, OK 74114

81,450 1 1980

6,751 22,498 0

$12 72.4%

SOUTH

AUTUMN OAKS 6846 S CANTON TULSA, OK 74136

NAI PETROUS, INC. / MATT SURRETT / 918-745-1133 5810 E. SKELLY DR., SUITE 1400 TULSA, OK 74135

117,590 7 1982

21,714 29,430 0

$15 75%

SOUTH

BANC FIRST BUILDING 7625 E 51ST TULSA, OK 74145

BAUER & ASSOCIATES / LARRY MANLEY / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

34,164 5 1983

0 0 0

SOUTH

100%

• 8-Story Building has Easy Access to Both Riverside Drive and I-44 • EasyTel Communications • Snack Shop On-site • Shops and Restaurants Close By • On-Site Bank

BOK PLACE AT SOUTHERN HILLS 5727 South Lewis Avenue

Contact: Mary Martin, SIOR, CCIM CB Richard Ellis|Oklahoma, 918-665-3830

Part of the CBRE affiliate network SOUTH

BOK PLACE AT SOUTHERN HILLS 5727 S LEWIS TULSA, OK 74105

CB RICHARD ELLIS/OK / MARY MARTIN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

124,464 8 1985

4,148 9,887 0

$19 92.1%

SOUTH

BRADEN PARK 7170 S BRADEN TULSA, OK 74136

CB RICHARD ELLIS/OK / TERRY PAYNE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

25,408

2,108 2,770 0

$13.75 89.1%

SOUTH

BRADFORD PLACE 9175 S YALE TULSA, OK 74137

NAI PETROUS, INC. / PAM AVISON / 918-745-1133 5810 E. SKELLY DR., SUITE 1400 TULSA, OK 74135

30,000 3 2002

0 0 0

$18.50 100%

SOUTH

BRANIFF MART 5401 S SHERIDAN AVE TULSA, OK 74145

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

33,600 1 1978

1,500 1,500 0

$10 95.5%

SOUTH

BRIDGEPORT OFFICE PARK 6400 S. LEWIS AVE TULSA, OK 74136

NAI PETROUS, INC. / DANNY OVERTON / 918-745-1133 5810 E. SKELLY DR., SUITE 1400 TULSA, OK 74135

36,000 2 1982

14,000 1,000

$12.50 97.2%

NOTE EXPANDED LISTING 33

OFFICE | SEE ZONES PAGE 25

PROJECT NAME ADDRESS CITY / STATE / ZIP

SOUTH

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) FLOORS YEAR BUILT

• • • • • •

BRIDGEPORT III 6450 South Lewis

CONTIGUOUS SPACE TOTAL AVAILABLE SUBLEASE SPACE

GROSS RENTAL RATE % LEASED

Recently remodeled common areas Prime location near Southern Hills Country Club Nearby restaurants, shopping and banks Easy access to I-75, I-44 and Creek Turnpike Local owners and management 24-hour key card access to building

Contact: Scott Morgan Coury Properties, Inc., 918-556-8214 SOUTH

SOUTH

BRIDGEPORT III 6450 S LEWIS TULSA, OK 74136

COURY PROPERTIES, INC. / SCOTT MORGAN / 918-583-0201 7134 S. YALE, SUITE 400 TULSA, OK 74136

46,913 3 1986 • • • •

CITYPLEX TOWERS 2488 East 81st Street

$14 83.2%

7,887 7,887 0

Office/Medical Space Large, efficient floorplans 24/7 operations and security On-site food court, conference and banquet facilities, meeting rooms, auditoriums, convenience store Two primary electrical fees with automatic transfer Dual entrance sonet ring fiber optics

• •

Contact Trinity Corporate Real Estate Advisors: Michael Predovic 557-8585 SOUTH

SOUTH

CITYPLEX TOWERS 2408-2488 E 81ST TULSA, OK 74137

TRINITY CORPORATE REAL ESTATE ADVISORS, LLC / MICHAEL PREDOVIC / 918-493-8888 2448 EAST 81ST , STE. 188, TULSA, OK 74137

1,592,586 203060 1981

COPPER OAKS (PHASES I & II)

• • • • •

7010-7060 South Yale Avenue

200,000 621,000 0

$14 61%

Ofﬁce complex consisting of 4 different buildings One of South Tulsa’s best locations Close to restaurants, shopping, medical and more Multiple leasing options available On-site banking

Contact: Warren Stewart Newmark Grubb Levy Strange Beffort, 918-481-3200

Levy Strange Bef fort SOUTH

COPPER OAKS (PHASES I & II) 7010-7060 S YALE TULSA, OK 74136

NEWMARK GRUBB LEVY STRANGE BEFFORT / WARREN STEWART / 918-481-3200 2021 S. LEWIS , STE 410, TULSA, OK 74104-5710

251,000 21 1983

11,000 30,758 0

$14.50 87.7%

SOUTH

CORPORATE OAKS 5555 E 71ST TULSA, OK 74136

OIL CAPITAL COMMERCIAL / MIKE SCHNAKE / 918-622-6066 5555 E. 71ST STREET, SUITE 8300, TULSA, OK 74136

52,257 3 1984

2,856 12,335 0

$14.50 76.4%

SOUTH

ETON SQUARE OFFICE CENTRE 8321 EAST 61ST STREET TULSA, OK 74133

CB RICHARD ELLIS/OK / LESLIE KIRKPATRICK / 918-665-3830 1401 SO BOULDER AVE., SUITE 100, TULSA, OK 74119-3648

40,442 2 1985

11,854 39,231 0

$11 3%

SOUTH

EXECUTIVE CENTERS I & II

• • • • • • •

7134 & 7136 South Yale Avenue

Superb Corner Location at 71st and Yale Newly Renovated Lobbies and Common Areas On-site Management Attractive Landscaping Ample Parking On-site Banking, Deli and Other Amenities Fiber Telecommunications Available

Contact: Scott Morgan, Coury Properties, Inc., 918-556-8214

SOUTH

EXECUTIVE CENTER #1 7136 S YALE TULSA, OK 74136

COURY PROPERTIES, INC. / SCOTT MORGAN / 918-583-0201 7134 S. YALE, SUITE 400 TULSA, OK 74136

73,831 5 1982

1,729 3,497 0

$16 95.3%

SOUTH

EXECUTIVE CENTER #2 7134 S YALE TULSA, OK 74136

COURY PROPERTIES, INC. / SCOTT MORGAN / 918-583-0201 7134 S. YALE, SUITE 400 TULSA, OK 74136

112,411 9 1984

14,180 24,146 0

$16.50 78.5%

SOUTH

FOX PLAZA 5416 S YALE TULSA, OK 74135

TWENTY-FIRST PROPERTIES, INC. / 918-743-4300 2121 S. COLUMBIA, SUITE 650 TULSA, OK 74114

80,930 6 -

14,827 25,580 0

$12 68.4%

SOUTH

• • •

GEOPHYSICAL RESOURCE CAMPUS 8801 South Yale

• • • •

Levy Strange Bef fort SOUTH

GEOPHYSICAL RESOURCE CAMPUS 8801 S YALE TULSA, OK 74137

True Class A Building Best mult-tenant office location in Tulsa NGLSB maintains a video monitoring command center providing visual oversight of all property cameras 24/365 Very efficient floor plates Beautiful park setting Close to Creek Turnpike Free surface parking

Contact: Jared Andresen, Newmark Grubb Levy Strange Beffort, 918-481-3200 NEWMARK GRUBB LEVY STRANGE BEFFORT / JARED ANDRESEN / 918-481-3200 2021 S. LEWIS , STE 410, TULSA, OK 74104-5710

102,000 5 1984

3,452 10,535 0

$21 89.7%

NOTE EXPANDED LISTING 34

2 0 1 4 N A I O P T U L S A C O M M E R C I A L P R O P E RT I E S – O F F I C E

SIZE (RSF) FLOORS YEAR BUILT

CONTIGUOUS SPACE TOTAL AVAILABLE SUBLEASE SPACE

GROSS RENTAL RATE % LEASED

SOUTH

IBC TOWER 2250 E 73RD ST TULSA, OK 74136

PRICE EDWARDS / TANDA FRANCIS / 918-394-1000 8242 SOUTH HARVARD, SUITE I TULSA, OK 74137

62,988 6 1982

1,213 2,306 0

$15.50 96.3%

SOUTH

INTERIM PLAZA 2828 E 51ST TULSA, OK 74105

BAUER & ASSOCIATES / DOUG BAUER / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

20,009 4 1976

2,275 2,275 0

$12 88.6%

SOUTH

INTERNATIONAL TOWER 5200 S. YALE AVE. TULSA , OK 74135

BAUER & ASSOCIATES / DOUG BAUER / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

32,836 7

2,768 15,345 0

$11 53.3%

SOUTH

KAISER BUILDING 6733 S YALE TULSA, OK 74136

NEWMARK GRUBB LEVY STRANGE BEFFORT / WARREN STEWART / 918-481-3200 2021 S. LEWIS , STE 410, TULSA, OK 74104-5710

54,900 5 1990

0 0 0

$13.50 100%

SOUTH

KENSINGTON BUSINESS CENTER 7130 S LEWIS TULSA, OK 74136

RUFFIN PROPERTIES / CARL VINCENT / 918-493-7100 7130 S. LEWIS, SUITE 250 TULSA, OK 74136

235,973 2 1984

21,000 28,000 0

$15 88.1%

SOUTH

KENSINGTON TOWER I 7130 S LEWIS TULSA, OK 74136

RUFFIN PROPERTIES / CARL VINCENT / 918-493-7100 7130 S. LEWIS, SUITE 250 TULSA, OK 74136

164,592 10 1984

0 0 0

$16.50 100%

SOUTH

LEWIS PARK 5319 S LEWIS TULSA, OK 74105

PRICE EDWARDS / TANDA FRANCIS / 918-394-1000 8242 SOUTH HARVARD, SUITE I TULSA, OK 74137

17,805 2 1985

1,100 1,100 0

$12.50 93.8%

SOUTH

LEWIS SQUARE OFFICE PARK 6202 S LEWIS TULSA, OK 74136

PARAMOUNT COMMERCIAL PROP. / ALAN HARJU / 918-743-8000 6202 S. LEWIS, SUITE E, TULSA, OK 74136

28,130 1 1981

1,947 1,947 0

$13 93.1%

SOUTH

MARKET PLACE WEST 9410 E 51ST ST TULSA , OK 74145

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

27,160

1,928 1,928 0

$8.25 92.9%

SOUTH

1984 • • • • • •

MCJUNKIN RED MAN PLAZA 8023 East 63rd Place

• •

OFFICE | SEE ZONES PAGE 25

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

OFFICE | SEE ZONES PAGE 25

PROJECT NAME ADDRESS CITY / STATE / ZIP

Recently renovated granite lobby/common areas Class “A” Building Fully Sprinklered On-Site Deli Easy walking distance to restaurants, shopping and banking Very close to: Shadow Mountain Racquet Club, Woodland Hills Mall, Doubletree Hotel, Southern Hills Country Club, Eton Square and Manchester Square Shopping Center Total Building Back-up Generator Electronic card access system

Contact: Paradigm Realty Advisors, L.L.C., 918-665-1900 SOUTH

SOUTH

MCJUNKIN RED MAN PLAZA 8023 E 63RD PL TULSA, OK 74133

PARADIGM REALTY ADVISORS / MIKE ESTUS / 918-665-1900 4500 S. GARNETT, SUITE 600 TULSA, OK 74146

MIDFIRST BANK PLAZA

134,184 8 1982

• • • •

7050 South Yale Avenue

8,000 23,070 6,000

$16.50 82.8%

Great location in South Yale Corridor Full service bank on-site Convenient to shopping, restaurants and banking Electronic card access system

Contact: Paradigm Realty Advisors, L.L.C., 918-665-1900

SOUTH

MIDFIRST BANK PLAZA 7050 S YALE TULSA, OK 74136

PARADIGM REALTY ADVISORS / MIKE ESTUS / 918-665-1900 4500 S. GARNETT, SUITE 600 TULSA, OK 74146

46,384 4 1979

0 0 0

$14.50 100%

SOUTH

OAK CLIFF TERRACE I & II 6711 & 6717 S YALE TULSA, OK 74136

TWENTY-FIRST PROPERTIES, INC. / 918-743-4300 2121 S. COLUMBIA, SUITE 650 TULSA, OK 74114

36,005 2 1976

4,519 7,176 0

$11.50 80.1%

SOUTH

ONB BANK BUILDING 8908 S. YALE AVE TULSA, OK 74137

CB RICHARD ELLIS/OK / LESLIE KIRKPATRICK / 918-665-3830 1401 SO BOULDER AVE., SUITE 100, TULSA, OK 74119-3648

53,177 4 1995

7,083 9,638 0

$18 81.9%

SOUTH

ONE MEMORIAL PLACE 7633 E 63RD PL TULSA, OK 74133

PRICE EDWARDS / TANDA FRANCIS / 918-394-1000 8242 SOUTH HARVARD, SUITE I TULSA, OK 74137

89,807 5 1981

4,436 4,436 0

$16.50 95.1%

SOUTH

OXFORD PLACE

• • • • • • •

6600 & 6666 S Sheridan

Superb South Tulsa Location Covered Parking Richly Appointed Entries and Common Areas Flexible Floor Plans Abundant Landscaping Major Remodel & Improvements Completed in 2013 See More of this Property at Paramounttulsa.com

Contact: Paramount Commercial Properties, LLC Alan Harju 918-743-8000 or 918-645-2355 SOUTH

OXFORD PLACE 6600-6666 S SHERIDAN ROAD TULSA, OK 74133

PARAMOUNT COMMERCIAL PROP. / ALAN HARJU / 918-743-8000 6202 S. LEWIS, SUITE E, TULSA, OK 74136

82,611 4 1986/2013

9,090 21,277 0

$17 74.2%

NOTE EXPANDED LISTING 35

OFFICE | SEE ZONES PAGE 25

PROJECT NAME ADDRESS CITY / STATE / ZIP

SOUTH

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) FLOORS YEAR BUILT • •

PARK TOWERS 5314 South Yale Avenue

• • • • •

CONTIGUOUS SPACE TOTAL AVAILABLE SUBLEASE SPACE

GROSS RENTAL RATE % LEASED

On-site banking w/Drive-Thru Convenient location in the geographic center of Tulsa along the popular Yale Office corridor overlooking Lafortune Park Recently renovated building lobby Distinctive architecture makes Park Towers one of the most identifiable buildings in the city Local ownership ensures prompt and professional attention to Tenant’s needs Abudant surface parking lot with recent asphalt overlay and re-striping Efficient floor plates with small and large blocks

Contact: Jason M. Kennon, Case & Associates Properties, Inc., 918-492-1983 SOUTH

PARK TOWERS 5314 S YALE TULSA, OK 74135

CASE & ASSOCIATES / JASON KENNON / 918-492-1983 4200 E. SKELLY DRIVE, SUITE 800 TULSA, OK 74135

107,075 11 1981

4,317 6,829 0

$17 93.6%

SOUTH

PRISM OFFICE BUILDING 8282 S MEMORIAL TULSA, OK 74133

TWENTY-FIRST PROPERTIES, INC. / 918-743-4300 2121 S. COLUMBIA, SUITE 650 TULSA, OK 74114

80,450 4 1982

8,768 10,803 0

$15 86.6%

SOUTH

REGAL PLAZA – LOT 9 – OFFICE SPACE

•

8210-11-10425 82nd East Avenue

• • • •

Located at Memorial and 106th with access to both HWY 169 and Creek Nation Turnpike Top Demographics for the Metro Area Ofﬁce, Medical, Professional Services, Retail and Restaurant Up to 12,375 contiguous space available Unique 2 level ﬂoorplans

Contact: Susan Davis NAI Petrous, LLC, 918-745-1133 SOUTH

REGAL PLAZA – LOT 9 – RETAIL SPACE 8210-11-10425 82ND E AVENUE BIXBY, OK 74133

NAI PETROUS / SUSAN DAVIS / 918-745-1133 5810 E SKELLY DR, 14TH FLOOR TULSA, OK 74135

SOUTH

RICH & CARTMILL BUILDING 2738 E 51ST TULSA, OK 74105

PRICE EDWARDS / TANDA FRANCIS / 918-394-1000 8242 SOUTH HARVARD, SUITE I TULSA, OK 74137

SOUTH

RICHMOND PLAZA

• • • •

4200 East Skelly Drive

45,683 4 1985

1,768 1,768 0

$12.50 96.1%

Attractive granite and glass exterior Stunning views of the city Immediate access to the city’s expressway system Less than 15 minutes to Downtown, and to Tulsa’s International and Riverside Airports Near hotels, restaurants, shopping centers and recreation On-Site banking facilities with ATM

• •

Contact: Jason M. Kennon, Case & Associates Properties, Inc., 918-492-1983 SOUTH

SOUTH

RICHMOND PLAZA 4200 E SKELLY DR TULSA, OK 74135

CASE & ASSOCIATES / JASON KENNON / 918-492-1983 4200 E. SKELLY DRIVE, SUITE 800 TULSA, OK 74135

• • • • •

RIVERBRIDGE OFFICE PARK 1323 East 71st Street

166,332 10 1983

1,606 1,606 0

$21 99%

Easy access to Riverside Drive, Highway 75 and Interstate 44 Close proximity to restaurants, shopping, lodging and banking Only minutes from Downtown Tulsa Granite Lobby Electronic card access system

Contact: Paradigm Realty Advisors, L.L.C., 918-665-1900 SOUTH

RIVERBRIDGE OFFICE PARK 1323 E 71ST TULSA, OK 74136

PARADIGM REALTY ADVISORS / MIKE ESTUS / 918-665-1900 4500 S. GARNETT, SUITE 600 TULSA, OK 74146

68,000 4 1984

1,375 3,183 0

$14.50 95.3%

SOUTH

ROAD SCIENCE BUILDING 6502 S YALE AVE TULSA, OK 74136

NEWMARK GRUBB LEVY STRANGE BEFFORT / JARED ANDRESEN / 918-481-3200 2021 S. LEWIS , STE 410, TULSA, OK 74104-5710

187,912 3 1987

149,056 149,056 149,056

$12 20.7%

SOUTH

SHADOW MOUNTAIN OFFICE CENTER 5840 S MEMORIAL TULSA, OK 74145

TWENTY-FIRST PROPERTIES, INC. / 918-743-4300 2121 S. COLUMBIA, SUITE 650 TULSA, OK 74114

66,500 3 1980

5,714 25,712 0

$10.50 61.3%

SOUTH

SOUTHERN HILLS PLAZA 6218 S LEWIS TULSA, OK 74136

CB RICHARD ELLIS/OK / LESLIE KIRKPATRICK / 918-665-3830 1401 SO BOULDER AVE., SUITE 100, TULSA, OK 74119-3648

25,478 2 1973

3,091 6,641 0

$12 73.9%

SOUTH

SOUTHERN HILLS TOWER

• • • •

2431 East 61st Street

• •

Magniﬁcent view of Southern Hills Country Club and Golf Course Executive Covered Parking High Quality, Class A Ofﬁce Building Nearby restaurants, retail centers, hotel, convention facilities and exclusive residential neighborhoods Easy access to I-44, Hwy 75, Riverside Drive and the Creek Nation Turnpike On-site banking facilities with drive-thru and ATM

Contact: Jason M. Kennon, Case & Associates Properties, Inc., 918-492-1983 SOUTH

SOUTHERN HILLS TOWER 2431 E 61ST TULSA, OK 74136

CASE & ASSOCIATES / JASON KENNON / 918-492-1983 4200 E. SKELLY DRIVE, SUITE 800 TULSA, OK 74135

151,879 8 1981

14,840 1,484 0

$21 99%

SOUTH

SOUTHERN OAKS 7335 S LEWIS TULSA, OK 74136

CB RICHARD ELLIS/OK / MARY MARTIN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

31,728 3 1985

4,311 14,459 0

$14 54.4%

NOTE EXPANDED LISTING 36

2 0 1 4 N A I O P T U L S A C O M M E R C I A L P R O P E RT I E S – O F F I C E

SOUTH

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) FLOORS YEAR BUILT

• • • • • • •

SOUTHERN RIDGE 6506 South Lewis Avenue

CONTIGUOUS SPACE TOTAL AVAILABLE SUBLEASE SPACE

GROSS RENTAL RATE % LEASED

Prime Locations near Souther Hills Country Club Renovated Lobbies and Common Areas Ample Lighted Parkings 24-hour Access Fiber Telecommunications Available Prompt Attention by Building Management Attractive Lease Rates

Contact: Scott Morgan, Coury Properties, Inc., 918-556-8214 SOUTH

SOUTHERN RIDGE 6506 S LEWIS TULSA, OK 74136

COURY PROPERTIES, INC. / SCOTT MORGAN / 918-583-0201 7134 S. YALE, SUITE 400 TULSA, OK 74136

65,679 2 1984

4,347 13,991 0

$13 78.7%

SOUTH

THE PARK 5151-5157 E 51ST TULSA, OK 74135

FEARS & CLARK / BRAXTON FEARS / 918-481-2080 11620 E. SKELLY DR TULSA, OK 74135

55,780 2 1977

2,268 10,026 0

$12.50 82%

SOUTH

THERMAFIL BUILDING 5001 E 68TH ST TULSA, OK 74136

NEWMARK GRUBB LEVY STRANGE BEFFORT / WARREN STEWART / 918-481-3200 2021 S. LEWIS , STE 410, TULSA, OK 74104-5710

49,775 5 1985

17,000 11,594 0

$13.50 76.7%

SOUTH

THREE MEMORIAL PLACE

OFFICE | SEE ZONES PAGE 25

PROJECT NAME ADDRESS CITY / STATE / ZIP

• • • • • •

High Quality Building Fully Sprinklered 2 Floors Scenic Atrium Easy walking distance to restaurants, shopping and banking Close proximity to Woodland Hills Mall, Doubletree Hotel and Southern Hills Country Club • Electronic card access system Contact: Paradigm Realty Advisors, L.L.C., 918-665-1900

7615 East 63rd Place

SOUTH

THREE MEMORIAL PLACE 7615 E 63RD PL TULSA, OK 74133

PARADIGM REALTY ADVISORS / MIKE ESTUS / 918-665-1900 4500 S. GARNETT, SUITE 600 TULSA, OK 74146

42,340 2 1982

4,404 7,757 0

$15 81.7%

SOUTH

TRIAD CENTER I 7666 E 61ST TULSA, OK 74133

CB RICHARD ELLIS/OK / MARY MARTIN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

139,528 6 1981

15,733 34,423 0

$16.50 75.3%

SOUTH

TRIAD II 7645 E 63RD ST TULSA, OK 74133

TWENTY-FIRST PROPERTIES, INC. / 918-743-4300 2121 S. COLUMBIA, SUITE 650 TULSA, OK 74114

155,000 6 1986

16,392 38,961 0

$15 74.9%

SOUTH

WALNUT CREEK OFFICE COMPLEX

• • • • •

83rd & Harvard

Prime Location Located at 83rd and Harvard Full Service Ofﬁce Complex Close to Restaurants, Shopping and Banking Park at Your Front Door

Contact: George O’Connor or Kevin O’Connor Mid America Realty, Inc. 918-299-0100 SOUTH

WALNUT CREEK OFFICE COMPLEX 83RD & HARVARD TULSA, OK 74137

SOUTH

WARREN PLACE

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

19,605

•

6100 South Yale Avenue

• • •

928 4,327 0

$13 77.9%

Nearly one million square feet of ofﬁce space in two award-winning towers Central South Tulsa location - 61st and Yale 52 acre landscaped ofﬁce campus Located with the elegant Doubletree Hotel

Contact: Kelly McKoy, 918-403-9160 kmckoy@mckoycompnay.com SOUTH

WARREN PLACE ONE 6100 S YALE TULSA, OK 74136

KELLY MCKOY – MCKOY COMPANY/ 918-403-9160 6100 SOUTH YALE AVE, SUITE 390 TULSA, OK 74136

470,025 20 1983

21,404 23,247

$24 95%

SOUTH

WARREN PLACE TWO 6120 S YALE TULSA, OK 74136

KELLY MCKOY – MCKOY COMPANY/ 918-403-9160 6100 SOUTH YALE AVE, SUITE 390 TULSA, OK 74136

489,903 19 1986

6,723 15,708

$24 97%

SOUTH

YORKTOWN PLACE 6914 S YORKTOWN TULSA, OK 74136

NAI PETROUS, INC. / PAM AVISON / 918-745-1133 5810 E. SKELLY DR., SUITE 1400 TULSA, OK 74135

50,988 2 1987

5,511 13,824 0

$12 72.9%

WATERMARK COMMERCIAL PROPERTIES / DORINDA HANSEN / 918-994-4407 4527 E 91ST ST, TULSA, OK 74137

58,000 6 2014

8,774 8,774 0

$22 84.9%

SOUTHWEST SW

FIRST OKLAHOMA BANK BUILDING 100 S. RIVERFRONT DR. JENKS, OK 74037

NOTE EXPANDED LISTING 37

2 0 1 4 R E TA I L M A R K E T O V E RV I E W

R E TA I L M A R K E T OV E R V I E W

A STEADY TRAJECTORY

Positioned at the crossroads of demographics, commerce and economics, retail has always been the most dynamic of the property sectors. Consumers’ shopping habits are constantly changing. Unlike in other sectors, a retail property’s tenant mix and sitespecific features affect its value and success more than the property’s physical attributes. In addition, online retail is shaping the way brick-and-mortar stores do business. Retail’s constant flux and interplay with disparate variables make market trends and directions difficult to track. Still, Tulsa’s retail sector over the last couple of years has been steady, with recent signs, such as the primary retail corridors nearing full occupancy, pointing to an improved commercial retail market.

by BOB REPPE, BROKER ASSOCIATE, WALMAN COMMERCIAL REAL ESTATE 39

A S T E A D Y T R A J E C T O RY

Tulsa ranks No. 6 nationally for percentage growth in exports, according to the Brookings Institution (2012)

THE RECENT RECESSION took retail into its worst downturn in more than half a century. Total national retail sales have increased 15 percent since the recession lows. Relative to 2009, the market appears to be bouncing back this year and next. Researchers predict that by the end of 2014, the national average vacancy rate will drop below a three-year floor of 12 percent to 10.6 percent. In Tulsa, 2014 mid-year retail vacancy has dropped to 11.1% from 12.3% at year end 2013 and its high of 15.1% in June 2009. Rental rates have increased 8.4% since year end 2014 and have remained relatively stable since December 2011.* (source CBRE) NEW LEASES, NEW EXPANSIONS, NEW RETAILERS Tulsa’s grocery sector has remained very active: Last fall, Natural Grocers back-filled a former Drug Warehouse at 31st and Harvard. In November, Whole Foods opened a second location at 91st and Yale. Sprouts opened a second location at 41st and Harvard in January. The chain opened this fall in Broken Arrow will deliver a store in Owasso in 2015. In May, Wal-Mart Neighborhood Market 40

2 0 1 4 R E TA I L M A R K E T O V E RV I E W

moved into a redeveloped location at 31st and Harvard. Reasor’s plans to open a “new look” location at 41st and Peoria in the former Food Pyramid space.

Memorial. Airport Extreme, another trampoline park, opened this spring in the former Home Decorator’s location at 41st and Yale.

This year also brought several big announcements from retailers entering the Tulsa market for the first time. Tulsans gave an enthusiastic social media response to Costco’s plan for a 148,000 sq. ft. store at 103rd and Memorial. The location will open next fall. Later this year, Warren Theaters will unveil an 18-screen, 150,000 sq. ft. theater in Broken Arrow. Nordstrom Rack opened a 33,000 sq. ft. space in Woodland Plaza, and The Tile Shop opened a 14,000 sq. ft. location in Union Plaza at 71st and Mingo. As for midtown, a former Brookside nightclub is set to house a 7,500 sq. ft. Urban Outfitters store next year, as well as national retailer West Elm locating in Utica Square. The Walk at Tulsa Hills announced this fall that Gander Mountain would open a 45,000 sq. ft. store in its development.

New retail developments opening or under construction in 2014 include the following: The 500,000+ sq. ft. Shops at Aspen Creek in Broken Arrow anchored by Warren Theaters; The Walk is a 150,000 sq. ft. development along Highway 75 directly to the south of Tulsa Hills; a new outlet mall planned by Simon at 61st & Highway 75; the 136,000 sq. ft. Sam’s Club in Owasso; the Main Event family entertainment chain announced a new 50,000+ sq. ft. location to the west of Tulsa Hills; The Vineyard’s 58,000 sq. ft. at 106th and Memorial; the 25,000 sq. ft. Meadowbrook Chase at 81st and Mingo; the 23,000 sq. ft. Tulsa Hills expansion; and the small strip center anchored by Old School Bagel at 67th & Yale. Future redevelopments include The Crossbow Center at 41st and Garnett and a strip center just north of Target at 17th and Yale.

Non-traditional retailers and entertainment users have filled several bigbox vacancies in Tulsa. In December, SkyZone Trampoline Park opened in the old Bally’s Fitness at 61st and

New and upcoming restaurants are also expanding Tulsa’s market: Napa Flats in Kings Landing; The Wine Loft and La Crepe Nanou in The Vineyard; Texas de Brazil will open its first

location in Tulsa at Woodland Hills Mall; Noodles and Company will also open along the Woodland Hills corridor; upscale burger joint Hop Bunz in both The Vineyard and the former Wolfgang Puck space on Brookside. Qdoba, Jimmy John’s, Jersey Mike’s, El Guapo’s, and Oklahoma Joe’s all expect to expand in the coming year. RETAIL OUTLOOK The retail sector is changing, again. If you’ve worked in the retail real estate market in the past five years, you’ve probably been asked about the effects of online shopping on brick-and-mortar retailers. Will vacancy rates increase alongside online shopping? Considering areas of growth and contraction will bring us closer to some answers. Local and national growth categories include fitness/health/spa, drug stores, thrift stores, grocery, fast food, fast casual, automotive, discounters, dollar stores, off-price apparel, pet supplies, sporting goods, wireless stores and banks. None of these categories competes heavily with online competition. Restaurants deserve a special mention. Cassidy Turley recently reported that restaurant users make up roughly 43 percent of all planned growth being monitored. This suggests a shift for landlords of local shopping centers as tenant mixes trend heavily toward food service. This movement includes grocers, which are increasingly becoming the focal points of developments and local neighborhood centers. In contrast, categories that are contracting include bookstores, video stores, do-it-yourself home stores, mid-priced apparel, office supplies, stationery/gift shops, postal stores and casual dining. Although other factors are also shrinking them, most of

these categories have strong online competition.

shop or social media). For example, Chipotle allows customers to place orders for pickup at the nearest location, track order history and pay by phone. eMarketer reports that 74 percent of all purchases researched on mobile devices are completed in-store. Shoppers have more options than ever before, and retailers must bridge the gap between physical locations and electronic sales channels to get their attention.

Although online sales have steadily increased over the past decade, they account for only 6 percent of total retail sales. Still, the shift requires brick-and-mortar retailers to adapt to changing customer needs and provide an experience unavailable on the Internet. Online retail is about convenience, and brick-and-mortar stores are about an experience. Successful retailers will learn to combine the two and innovate using a “bricks and clicks” approach.

SUMMARY Tulsa’s retail sector is on track for slow but steady improvement over the coming year. Although progress and activity remain low by pre-recession standards, gains and stabilization made since 2009 are projected to continue despite challenges posed by the continued recession. •

Omni-channel retailing, which connects with users through multiple channels, will be the new norm. Channels are the offline and online touch-points of the consumer experience (i.e., a website, a physical

Strength Leadership Reputation Value

TrustService People

Technology

Experience

Leasing

Tenant Representation

Tulsa, Oklahoma Market Knowledge

Investment Sales

Property Management

Price Edwards & Company Tanda Francis, Managing Broker (918) 394 - 1000 8242 South Harvard, Suite I Tulsa, OK 74137 www.priceedwards.com

PROJECT NAME ADDRESS CITY / STATE / ZIP

MANAGING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (GLA) % LEASED YEAR BUILT

SMALLEST AVAILABLE LARGEST AVAILABLE TOTAL AVAILABLE

RENTAL (SMALL SPACE) RENTAL (LARGE SPACE) CAM CHARGE

BROKEN ARROW BA

ASPEN CREEK 2000 W HOUSTON ST BROKEN ARROW , OK 74012

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

36,794 79.2% 1984

1,500 3,038 7,638

$9 $12 $2.95

BIG LOT CENTER / SOUTHERN AGRICULTURE 91ST & ELM NW/C BROKEN ARROW, OK 74012

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN TULSA, OK 74133

42,000 100.0%

0 0 0

$8 $10 $0.63

BOARDWALK SHOPPING CENTER 915 N ELM AVE BOKEN ARROW, OK 74012

32,635 87.6% 1985

1,200 1,530 4,050

$9 $9 $1.80

BROKEN ARROW PLAZA RETAIL CENTER 6405-6450 S ELM PL BROKEN ARROW, OK 74012

37,412 73.7% 2008

1,400 5,040 9,840

$18 $18 $0

BROKEN ARROW TOWNE CENTRE

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648 • • • • •

SW/C 101st & Elm

Prime Location Located at 101st and Elm Ross Dress For Less, McDonalds, Applebee’s One of Broken Arrow’s largest retail intersections Large Parking Area

RETAIL | SEE ZONES PAGE 25

Contact: George O’Connor or Kevin O’Connor Mid America Realty, Inc., 918-299-0100

BROKEN ARROW TOWNE CENTRE 101ST & ELM BROKEN ARROW, OK 74012

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN TULSA, OK 74133

92,453 65.3%

1,060 12,172 32,038

$8 $11 $2.42

COUNTY LINE, THE 1005-1205 E KENOSHA BROKEN ARROW, OK 74012

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

64,941 44.6% 1979

1,355 21,000 36,003

$10 $10 $1.35

KENOSHA COMMERCIAL CENTER 4650 W KENOSHA BROKEN ARROW, OK 74012

Price Edwards / Tanda Francis / 918-394-1000 8242 South Harvard, Suite I Tulsa, OK 74137

26,577 81.8% 2006

900 3,645 4,845

$17.50 $17.50 $4.45

KENOSHA CROSSING 1208 E. KENOSHA BROKEN ARROW, OK 74012

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

20,000 79.9% 1998

1,401 2,615 4,016

$15

LAURENWOOD SQUARE 1002 S ASPEN BROKEN ARROW, OK 74012

SANDMAN PROP SERVICES / BRAD SANDITEN / 918-742-3315 3314 E. 51ST ST, SUITE 200A TULSA, OK 74135

42,763 93.2% 1985

112 1,532 2,914

$9 $8 $1.28

OAKWOOD PLAZA

• • • • • •

SE/C of 81st & Aspen

$1.54

Prime Location Lcated at 81st & Aspen (145th) High Trafﬁc Counts Large Parking Area Great Visibility Full Service Salon, Ofﬁces, and Restaurants

Contact: George O’Connor or Kevin O’Connor Mid America Realty, Inc., 918-299-0100 BA

OAKWOOD PLAZA 81ST & 145TH E AVE, S/E C BROKEN ARROW, OK 74012

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN TULSA, OK 74133

69,902 72.6% 1976/2000

1,130 12,142 19,142

$8.50 $8.50 $2.28

PLAZA DEL SOL 9999 S MINGO RD TULSA, OK 74133

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

46,000 78.1% 2008

1,515 2,562 10,071

$20 $20 $3.80

QUAIL RUN 81ST & 145TH E AVE, NW CORNER BROKEN ARROW, OK 74012

SANDMAN PROP SERVICES / BRAD SANDITEN / 918-742-3315 3314 E. 51ST ST, SUITE 200A TULSA, OK 74135

35,354 92.8% 1981

150 1,600 2,535

$9 $9 $1.17

REDBUD II 2409 W KENOSHA BROKEN ARROW, OK 74012

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

30,000 100.0%

0 0 0

$16 $18 $4.50

SHOPS AT LYNN LANE 1700 N 9TH ST BROKEN ARROW, OK 74012

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

24,630 75.5% 2008

1,200 3,625 6,025

$20 $20 $1.50

THE SHOPPES AT STONE RIDGE E ALBANY (61ST) & 161ST E AVE BROKEN ARROW, OK 74012

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

48,300 0.0% 2010

1,400 10,000 48,300

$14 $24 $3

TIGER PLAZA 2055-2500 E KENOSHA ST BROKEN ARROW, OK 74014

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

48,825 44.4% 2007

1,436 10,000 27,157

$15 $12 $2.50

NOTE EXPANDED LISTING 42

2 0 1 4 N A I O P T U L S A C O M M E R C I A L P R O P E RT I E S – R E TA I L

PROJECT NAME ADDRESS CITY / STATE / ZIP

MANAGING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (GLA) % LEASED YEAR BUILT

SMALLEST AVAILABLE LARGEST AVAILABLE TOTAL AVAILABLE

RENTAL (SMALL SPACE) RENTAL (LARGE SPACE) CAM CHARGE

TOWNE CENTER PHASE I 101ST & ELM PL BROKEN ARROW, OK 74011

GBR PROPERTIES, INC. / BOB PARKER / 918-493-2525 3114 E. 81ST STREET TULSA, OK 74137

28,450 59.0% 1984

1,289 2,576 11,663

$8 $8 $2.44

TURTLE CREEK 81ST & 145TH E AVE BROKEN ARROW, OK 74012

SANDMAN PROP SERVICES / BRAD SANDITEN / 918-742-3315 3314 E. 51ST ST, SUITE 200A TULSA, OK 74135

35,720 84.4% 1985

1,000 1,881 5,590

$8.50 $8 $1.18

VANDEVER ACRES 732 W NEW ORLEANS BROKEN ARROW, OK 74012

GBR PROPERTIES, INC. / BOB PARKER / 918-493-2525 3114 E. 81ST STREET TULSA, OK 74137

79,542 86.4% 1984

770 4,855 10,825

$12 $8.50 $2.52

VANDEVER EAST CENTER 3355 S ELM BROKEN ARROW, OK 74012

OIL CAPITAL COMMERCIAL / MIKE SCHNAKE / 918-622-6066 5555 E. 71ST STREET, SUITE 8300 TULSA, OK 74136

58,921 76.0% -

5,670 8,467 14,157

$12 $7 $1.60

VANDEVER EAST II SHOPPING CENTER 3321 S ELM PL BROKEN ARROW , OK 74012

CB RICHARD ELLIS/OK / JIM BROWN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

38,512 78.0%

8,487 8,487 8,487

WASHINGTON SQUARE S. 161ST & E. 91 BROKEN ARROW , OK 74012

NAI PETROUS, INC. / DANNY OVERTON / 918-745-1133 5810 E. SKELLY DR., SUITE 1400 TULSA, OK 74135

36,250 100.0% 1982

2,000 4,250

CBD

ONE PLACE CIMAREX - RETAIL 202 S. CHEYENE TULSA, OK 74133

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

20,000 0.0% 2013

3,143 8,000 20,000

$25 $25 $6

CBD

ONE PLACE RETAIL BUILDING 201 S. DENVER AVE TULSA, OK 74103

ONE PROPERTY MANAGEMENT / GARRETT MAHANEY / 918-574-8776 201 S. DENVER AVE, BOX 1, TULSA, OK 74103

16,733 24.5% 2012

3,742 8,896 12,638

$28 $28 $5.46

$0.55

CBD

CENTRAL

• • • • • • •

1700 YALE MALL 1649 SOUTH YALE AVENUE

Regional Power Center Anchored by Target & Reasor’s Complete Redesign to Ensure Visibility for All Tenants 1,200 to 4,230 SF Available 50’ Deep Shop Space Padsite Available for Ground Lease or Build to Suit Strong Signage on Yale Avenue

Contact: Caitlin Boewe or Lindsey Morehead CB Richard Ellis|Oklahoma, 918-665-3830

Part of the CBRE affiliate network CENTRAL

1700 YALE MALL 1649 SOUTH YALE AVE TULSA, OK 74112

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

30,907 57% 1972/2014

1,047 4,230 13,415

$25 $20 $3.50

CENTRAL

401 SOUTH UTICA 401 S UTICA TULSA , OK 74104

PRICE EDWARDS / TANDA FRANCIS / 918-394-1000 8242 SOUTH HARVARD, SUITE I TULSA, OK 74137

24,730 100.0% 1975

8,315 8,315 0

$6 $6 $1.20

CENTRAL

ADMIRAL PLACE CENTER 6921 E ADMIRAL PL TULSA, OK 74112

CB RICHARD ELLIS/OK / BEN GANZKOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

87,158 0.0% 1960

34,905 34,905 87,158

$4 $4 $0.95

CENTRAL

BROOKE PLAZA 2601-2625 S MEMORIAL TULSA, OK 74145

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

39,042 89.8% -

1,000 4,000 4,000

$8 $8 $1.10

CENTRAL

EASTGATE SHOPPING CENTER 7800 E ADMIRAL TULSA, OK 74115

COMPROP REALTY, INC. / LINDA SCHAFER / 918-742-2174 5416 S. YALE TULSA, OK 74135

84,252 93.5% 1954/82

1,000 4,460 5,460

$10 $10 $1.12

CENTRAL

LEISURE SQUARE 2140-D S MEMORIAL TULSA, OK 74129

BUCK MEYERS INV. / BUCK MEYERS / 918-663-2224 2140-D S. MEMORIAL TULSA, OK 74129

72,200 90.3%

7,000 7,000 7,000

$6 $6 $0.25

CENTRAL

LEISURE SQUARE 1515-1717 S. SHERIDAN TULSA, OK 74112

NAI PETROUS, INC. / DANNY OVERTON / 918-745-1133 5810 E. SKELLY DR., SUITE 1400 TULSA, OK 74135

53,505 100.0% 1975

7,000 27,308

$7.16

CENTRAL

MALL 31 5970 E 31ST ST TULSA, OK 74135

KEVIN W. ANDERSON & ASSOC. / KEVIN ANDERSON / 918-747-6776 2510 E 26TH ST, TULSA, OK 74114

44,460 76.0% 1975/88

3,200 10,650 10,650

$8.25 $7 $1.50

CENTRAL

MAYO MEADOW SHOPPING CENTER PAD SITES 21ST & YALE SWC TULSA , OK 74112

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

80,737 0.0%

29,648 51,089 80,737

$15 $15

CENTRAL

MEMORIAL RETAIL CENTER 3202 S MEMORIAL DR UNIT 8 TULSA, OK 74145

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

20,300 73.1%

2,361 3,095 5,456

$10 $10 $0.90

RETAIL | SEE ZONES PAGE 25

CENTRAL

$0.50

NOTE EXPANDED LISTING 43

PROJECT NAME ADDRESS CITY / STATE / ZIP

MANAGING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (GLA) % LEASED YEAR BUILT

SMALLEST AVAILABLE LARGEST AVAILABLE TOTAL AVAILABLE

RENTAL (SMALL SPACE) RENTAL (LARGE SPACE) CAM CHARGE

CENTRAL

SHERIDAN ROYAL CENTER 6380 & 6390 E 31ST TULSA, OK 74135

PROPERTY SPECIALISTS, INC. / CHARLIE NORTHCOTT / 918-665-0803 6305 E. 32ND ST., TULSA, OK 74135

28,125 88.4% 1969

860 2,400 3,260

$8.50 $8.50 $0

CENTRAL

TRI CENTER SHOPPING CENTER 2717-2757 S MEMORIAL TULSA, OK 74129

AMERICAN SOUTHWEST PROP / JACK WRIGHT / 918-251-0707 2341 W. ALBANY, SUITE A BROKEN ARROW, OK 74012

101,000 96.0% 1974/86

4,000 4,000 4,000

$9 $9 $0

CENTRAL

VILLAGE SQUARE 21ST & MEMORIAL TULSA, OK 74129

JKJ REALTY CO. / JORDAN K. JAMES, CCIM / 918-495-1550 7910 S 101ST EAST AVE TULSA, OK 74133

27,666 68.6% 1985

1,500 5,000 8,700

$8 $12

EAST

CROSSBOW CENTER - REDEVELOPMENT 11101 E 41ST ST TULSA, OK 74146

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

99,945 0.0% 1974/2014

1,350 23,000 99,945

TBD TBD TBD

EAST

EASTERN VILLAGE 21ST & 125TH E AVE TULSA, OK 74129

VENTURE PROPERTIES / MIKE MCLANE / 918-747-8700 4835 S. PEORIA, SUITE 20 TULSA, OK 74105

59,420 100.0% 1980

0 0 0

$7.50 $8 $0.65

EAST

GARNETT CROSSING 11101-11215 E 31ST TULSA, OK 74146

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

57,755 90.4% 1975/2006

1,502 3,913 5,567

$12 $10

EAST

INTERNATIONAL PLAZA 21ST AND GARNETT NW C TULSA, OK 74129

TULSA COMM. PROP. SERV. / MAUREEN PAYNE & SAM STEEL / 918-742-2417 3314 E. 51ST ST, SUITE 207K, TULSA, OK 74135

69,618 100.0% -

0 0 0

$0 $0 $0.65

EAST

MARINA SHOPPING CENTER 9902 E 21ST ST TULSA, OK 74129

WOLF GROUP PROPERTIES, LLC / HOWARD WOLF / 918-584-1425 320 S. BOSTON AVE., STE. 202, TULSA, OK 74103

39,723 71.0% 1995

0 11,500 11,500

$9.50

EAST

NORTHEAST PLAZA 1116-1148 S GARNETT ST TULSA, OK 74128

SGF COMM. R.E. SERVICES / MARK SWADENER / 918-746-0405 5810 E. SKELLY DRIVE, SUITE 1700 TULSA, OK 74135

80,400 86.6% 1973

10,800 10,800 10,800

$8 $8 $0

EAST

SCISSORTAIL SQUARE 12737 E 41ST ST TULSA, OK 74146

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

57,844 49.6% 1983

1,147 8,138 29,132

EAST

TIFFANY PARK 21ST & GARNETT, S/W C TULSA, OK 74129

BAUER & ASSOCIATES / DOUG BAUER / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

32,693 84.7% 1968

2,277 2,730 5,007

$8 $8 $0.50

EAST

TOWNEAST ADMIRAL & 193RD E AVE, S/E C CATOOSA, OK 74133

BUCK MEYERS INV. / BUCK MEYERS / 918-663-2224 2140-D S. MEMORIAL TULSA, OK 74129

57,605 100.0% 1985

0 0 0

$9 $4.50 $0.40

RETAIL | SEE ZONES PAGE 25

EAST

MIDTOWN MIDTOWN

8200 TRADE CENTER 8210-8290 E 41ST ST TULSA, OK 74145

BAUER & ASSOCIATES / VICKI TAPP / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

92,950 42.8% 1974

1,440 7,560 53,160

$5 $5

MIDTOWN

ALLSTATE SHOPPING CENTER 7922-7982 E 41ST ST TULSA, OK 74145

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

33,720 77.4% 1962

3,405 4,200 7,605

$9 $9

MIDTOWN

BROOKSIDE MARKET 38TH & PEORIA TULSA, OK 74105

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

14,674 91.5%

1,248 1,248 1,248

$13 $13 $3.01

MIDTOWN

BROOKTOWNE 4329 S PEORIA AVE TULSA, OK 74105

CB RICHARD ELLIS/OK / MARK ROONEY / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

25,050 92.9% 2000

1,785 1,785 1,785

$17 $17 $3

MIDTOWN

CROSSROADS SERVICE CENTER 41ST & SHERIDAN TULSA, OK 74135

MONTE DUNHAM R.E. / PERRY DUNHAM / 918-627-4230 6355 E. 41ST ST. TULSA, OK 74145

38,572 100.0%

0 0 0

$8 $6

MIDTOWN

FONTANA 5100 S MEMORIAL TULSA, OK 74145

OIL CAPITAL COMMERCIAL / MIKE SCHNAKE / 918-622-6066 5555 E. 71ST STREET, SUITE 8300 TULSA, OK 74136

314,610 72.6% 1973

743 23,761 86,203

$12 $6 $2.15

MIDTOWN

HARVARD VILLAGE 2600 S HARVARD TULSA, OK 74114

ADWON REALTY INC. / JOE ADWON / 918-749-7966 P.O. BOX 701116 TULSA, OK 74170

45,444 59.5% 1955

0 0 18,400

$12 $1.90

NOTE EXPANDED LISTING 44

2 0 1 4 N A I O P T U L S A C O M M E R C I A L P R O P E RT I E S – R E TA I L

MIDTOWN

PROJECT NAME ADDRESS CITY / STATE / ZIP

MANAGING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (GLA) % LEASED YEAR BUILT

SMALLEST AVAILABLE LARGEST AVAILABLE TOTAL AVAILABLE

RENTAL (SMALL SPACE) RENTAL (LARGE SPACE) CAM CHARGE

HIGHLAND PLAZA 5505-5667 E 41ST ST TULSA, OK 74135

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

100,631 68.6% 1963/2007

1,000 4,160 31,637

$10 $10 $1.69

LINCOLN PLAZA ON CHERRY STREET

• • • • •

15th & Peoria

Prime Location Located at 15th & Peoria The Heart of Cherry St Chimi’s, Jason’s Deli, 15 Below and The Cigar Box Great Visibility

Contact: George O’Connor or Kevin O’Connor Mid America Realty, Inc., 918-299-0100 LINCOLN PLAZA ON CHERRY STREET 15TH & PEORIA TULSA, OK 74120

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

40,108 88.6% 1910/93

1,081 3,504 4,585

$8 $10 $5.19

MIDTOWN

MAXIM BUSINESS PARK 4305 S MINGO RD TULSA, OK 74146

BAUER & ASSOCIATES / LARRY MANLEY / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

107,387 90.2% 1984

1,400 3,478 10,489

$6.25 $6.75 $2.25

MIDTOWN

MEMORIAL PARK SHOPPING CENTER 51ST & MEMORIAL, N/E C TULSA, OK 74145

GBR PROPERTIES, INC. / BOB PARKER / 918-493-2525 3114 E. 81ST STREET TULSA, OK 74137

38,964 76.6% 1971

1,000 3,000 9,100

$10 $7 $2.06

MIDTOWN

OLD VILLAGE 41ST & QUAKER TULSA, OK 74106

VENTURE PROPERTIES / MIKE MCLANE / 918-747-8700 4835 S. PEORIA, SUITE 20 TULSA, OK 74105

63,646 88.4% 1953

7,382 7,382 7,382

$13 $13 $0.65

MIDTOWN

PARK LANE 51ST & SHERIDAN, N/W C TULSA, OK 74135

BAUER & ASSOCIATES / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

148,951 100.0% 1967

0 0 0

MIDTOWN

SHERIDAN COMMERCIAL CENTER 4307-4319 S SHERIDAN RD TULSA, OK 74145

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

21,850 89.7% 1973

2,241 2,241 2,241

$12 $12

MIDTOWN

SOUTHROADS SHOPPING CENTER 4945 E 41ST ST TULSA, OK 74135

MD MANAGEMENT / GARY HAYES / 913-831-2996 EXT 270 5201 JOHNSON DRIVE, STE 450 MISSION, KS 66205

470,574 88.3% 1967/97

3,200 21,067 55,192

$14 $16 $2.55

MIDTOWN

SUNBELT PLAZA

• • • • • •

43rd & Memorial

Prime Location Located at 43rd & Memorial Subway, 2nd Wind Fitness, and Bedlam Sports High Trafﬁc Cont Great Tenant Mix Fantastic Visibility

Contact: George O’Connor or Kevin O’Connor Mid America Realty, Inc., 918-299-0100 MIDTOWN

SUNBELT PLAZA 4343 S MEMORIAL TULSA, OK 74133

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

62,550 100.0%

0 0 0

$11 $11 $1.50

MIDTOWN

THE SHOPS AT GREENWAY VILLAGE 4002-4016 S YALE TULSA, OK 74135

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

33,397 87.5% 1975

2,080 4,160 4,160

$12 $12 $2.50

MIDTOWN

TULSA BALLET CENTER 4512-4522-4526 S PEORIA TULSA, OK 74105

CB RICHARD ELLIS/OK / PAUL WILLIAMS / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

40,010 100.0% 1989

0 0 0

$12.50 $12.50 $0

MIDTOWN

TULSA PROMENADE MALL 41ST & S YALE TULSA, OK 74135

JONES LANG LASALLE / GARY WOODWARD / 404-995-6455 3344 PEACHTREE ROAD, STE 1100 ATLANTA, GA 30326

926,306 95.7% 1965/86

150 7,000 40,000

$0 $0 $0

MIDTOWN

UTICA SQUARE SE CORNER OF 21ST ST. & UTICA AVENUE TULSA , OK

HELMERICH & PAYNE PROPERTIES / JESSICA BARR / 918-742-5531 1437 S. BOULDER AVE, STE 1400, TULSA, OK 74119

397,545 100.0% 1952/1986

0 0 0

$30 $25 $3.81

SANDMAN PROP SERVICES / BRAD SANDITEN / 918-742-3315 3314 E. 51ST ST, SUITE 200A TULSA, OK 74135

93,792 100.0% 1972

0 0 0

$10.25 $7 $1

RETAIL | SEE ZONES PAGE 25

MIDTOWN

NORTH NORTH

SPRINGDALE SHOPPING CENTER PINE & LEWIS TULSA, OK 74110

NOTE EXPANDED LISTING 45

PROJECT NAME ADDRESS CITY / STATE / ZIP

MANAGING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (GLA) % LEASED YEAR BUILT

SMALLEST AVAILABLE LARGEST AVAILABLE TOTAL AVAILABLE

RENTAL (SMALL SPACE) RENTAL (LARGE SPACE) CAM CHARGE

NORTHEAST NE

CATOOSA SHOPPING CENTER

• • • • •

Highway 66 & Rice St

Prime Location Highway 66 & Rice Street Anchored By Reasors Grocery Store New Shopping Center Mexican Restaurant, Grocery Store, Liquor Store & Other Great Tenants

Contact: George O’Connor or Bill Buchanan Mid America Realty, Inc., 918-299-0100 NE

CATOOSA SHOPPING CENTER 2400 N HIGHWAY 66 CATOOSA, OK 74015

ROLLING HILLS SHOPPING CENTER 19220 E ADMIRAL CATOOSA, OK 74015

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

70,000 97.9% 2006

1,500 1,500 1,500

$17 $17 $2.71

40,000 65.7%

465 12,500 13,715

$8 $12 $1.16

RETAIL | SEE ZONES PAGE 25

NORTHWEST NW

GILCREASE HILLS 2301-2323 W EDISON TULSA, OK 74127

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

74,247 0.0%

600 6,327 74,247

$3 $3 $2.83

THE SHOPPES AT ADAMS ROAD 2ND & ADAMS ROAD SAND SPINGS, OK 74063

BAUER & ASSOCIATES / DOUG BAUER / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

102,413 74.2% 1957/1986

1,222 8,922 26,438

$12 $12 $1.26

OWASSO OWASSO

GARRETT CREEK 11560 N 135TH E AVE OWASSO, OK 74055

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

104,216 85.6% 2007

1,250 15,000 15,000

$9.50 $19

OWASSO

KNIGHTSBRIDGE 410-435 E. 2ND AVE OWASSO, OK 74055

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

20,424 74.5% 1986

980 2,930 5,218

$12 $10

OWASSO

MINGO VALLEY CENTER 8787 OWASSO EXPRESSWAY OWASSO, OK 74055

TWENTY-FIRST PROPERTIES, INC. / 918-743-4300 2121 S. COLUMBIA, SUITE 650 TULSA, OK 74114

107,187 100.0% 1988/2004

9,152 9,152 0

$8.60

OWASSO

MINGO VALLEY SHOPPING CENTER 8751 N 117TH E AVE OWASSO, OK 74055

TWENTY-FIRST PROPERTIES, INC. / 918-743-4300 2121 S. COLUMBIA, SUITE 650 TULSA, OK 74114

31,025 100.0% 1999

1,300 1,300 0

$8.50

OWASSO

OWASSO TOWN CENTER 12912 E 86 ST N OWASSO, OK 74055

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

59,910 80.6% 1980

2,660 8,973 11,633

$17 $17 $1.50

OWASSO

SMITH FARM MARKETPLACE, PHASE I & II 122ND E AVE OWASSO , OK 74055

PRICE EDWARDS / SUSAN BRINKLEY / 918-394-1000 8242 SOUTH HARVARD, SUITE I TULSA, OK 74137

348,102 99.6% 1996

1,400 1,400 1,400

$22 $4.95

OWASSO

THE MARKET SHOPPING CENTER 12932 E 86TH ST N OWASSO, OK 74055

P&H PROPERTIES LLC / BRANDON MOLL / 918-523-4000 4785 E. 91ST, SUITE 200 TULSA, OK 74137

30,000 0.0% 2005

30,000 30,000 30,000

$10 $10 $3

OWASSO

TYANN PLAZA SHOPPING CENTER 96TH ST N & HIGHWAY 169 SEC OWASSO, OK 74055

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

67,954 60.0% 2005

1,950 9,000 27,150

$18 $12 $1.95

SOUTH SOUTH

126 CENTER 12600-12604 S MEMORIAL DR BIXBY, OK 74008

JKJ REALTY CO. / JORDAN K. JAMES, CCIM / 918-495-1550 7910 S 101ST EAST AVE TULSA, OK 74133

21,783 75.7% 1985

1,000 2,200 5,300

$8 $12

SOUTH

5400 MINGO CENTER 5400 S MINGO TULSA, OK 74146

PROPERTY SPECIALISTS, INC. / CHARLIE NORTHCOTT / 918-665-0803 6305 E. 32ND ST., TULSA, OK 74135

49,000 100.0% 1979

0 0 0

$8.25 $10 $0

SOUTH

7181 MINGO CENTER 7181 S MINGO TULSA, OK 74133

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

37,000 0.0% 1998

10,000 37,000 37,000

$12 $8 $1

NOTE EXPANDED LISTING 46

2 0 1 4 N A I O P T U L S A C O M M E R C I A L P R O P E RT I E S – R E TA I L

PROJECT NAME ADDRESS CITY / STATE / ZIP

SOUTH

MANAGING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (GLA) % LEASED YEAR BUILT

• • • • • •

CENTRE 71 SE/C 71st & Memorial

SMALLEST AVAILABLE LARGEST AVAILABLE TOTAL AVAILABLE

RENTAL (SMALL SPACE) RENTAL (LARGE SPACE) CAM CHARGE

Prime Location Located at 71st & Memorial Jersey Mike’s, IBC Bank, Cricket Wireless & Fuji Sushi High Trafﬁc Count Across the Street From Woodland Hills Mall Ample Parking

Contact: George O’Connor, Kevin O’Connor, or Bill Buchanan Mid America Realty, Inc., 918-299-0100 SOUTH

CENTRE 71 71ST & MEMORIAL SE/C TULSA , OK 74133

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

50,160 81.0%

600 2,400 9,540

$11 $22 $3.88

SOUTH

CHIMNEY POINTE 91ST & SHERIDAN TULSA, OK 74133

SANDMAN PROP SERVICES / BRAD SANDITEN / 918-742-3315 3314 E. 51ST ST, SUITE 200A TULSA, OK 74135

43,500 90.9% 1984

1,489 2,448 3,937

$9.50 $8 $1.28

SOUTH

COMMERCE PLAZA 55TH & MINGO TULSA, OK 74146

MUDD FAMILY PROPERTIES / VERNON MUDD / 918-749-6411 P.O. BOX 701137 TULSA, OK 74170

30,000 100.0% 1983

0 0 0

$6 $6 $0

SOUTH

COPPER MOUNTAIN 6002-6028 S MEMORIAL TULSA, OK 74145

PARAMOUNT COMMERCIAL PROP. / ALAN HARJU / 918-743-8000 6202 S. LEWIS, SUITE E, TULSA, OK 74136

25,047 96.2% 1980/2007

964 964 964

$12.75

SOUTH

COUNTRY CLUB PLAZA 51ST & S HARVARD TULSA, OK 74135

TULSA COMM. PROP. SERV. / MAUREEN PAYNE & SAM STEEL / 918-742-2417 3314 E. 51ST ST, SUITE 207K, TULSA, OK 74135

209,000 92.4% 1965/84

960 7,200 15,864

$20 $10 $1.25

SOUTH

CRESTWOOD CROSSING 121ST & S SHERIDAN RD TULSA, OK 74136

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

30,000 95.0% 2011

1,400 1,500 1,500

$20 $22 $3.80

SOUTH

CROSSING OAKS 7110-7178 S MEMORIAL DRIVE TULSA, OK 74133

MD MANAGEMENT / GARY HAYES / 913-831-2996 EXT 270 5201 JOHNSON DRIVE, STE 450 MISSION, KS 66205

211,811 90.2% 1979

1,600 3,770 20,751

$14 $13 $2

SOUTH

EAST POINTE CENTER 71ST & MINGO, S/E C TULSA, OK 74133

GBR PROPERTIES, INC. / BOB PARKER / 918-493-2525 3114 E. 81ST STREET TULSA, OK 74137

47,331 82.0% 1985

1,755 3,916 8,531

$10 $12 $2.34

SOUTH

ECHELON 81ST & MEMORIAL, S/W C TULSA, OK 74133

BAUER & ASSOCIATES / LARRY MANLEY / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

54,464 84.2% 1984

964 6,579 8,610

$13 $12 $2.34

SOUTH

ETON SQUARE 8221-8421 E 61ST ST TULSA, OK 74133

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

181,871 74.9% 1984

1,436 44,167 45,603

$12 $8 $2.37

SOUTH

FESTIVAL SQUARE 6501-6555 S SHERIDAN RD TULSA, OK 74133

CB RICHARD ELLIS/OK / MARK ROONEY / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

56,622 78.4%

1,084 8,700 12,226

$10 $8 $1.75

SOUTH

FOREST TRAILS SOUTH 10032 S SHERIDAN TULSA, OK 74133

SANDMAN PROP SERVICES / BRAD SANDITEN / 918-742-3315 3314 E. 51ST ST, SUITE 200A TULSA, OK 74135

32,265 100.0% 1983

0 0 0

$12 $10 $1

SOUTH

GARNETT PLAZA 71ST & GARNETT, SW/C TULSA, OK 74133

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

6,050 100.0% 1996

0 0 0

$16 $16 $4.16

SOUTH

HEATHERRIDGE 6518-6556 E 91ST ST TULSA, OK 74133

WALMAN COMMERCIAL / MICHELLE HENRY / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

34,193 100.0% 1981

0 0 0

$12 $12 $2.43

SOUTH

HOBBY LOBBY RETAIL CENTER 52ND & HARVARD TULSA, OK 74135

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

51,150 100.0% 1985

0 0 0

$10 $10 $1.94

SOUTH

KENSINGTON ANNEX 71ST & LEWIS TULSA, OK 74136

RUFFIN PROPERTIES / CARL VINCENT / 918-493-7100 7130 S. LEWIS, SUITE 250 TULSA, OK 74136

51,048 93.5% 1979

900 3,300 3,300

$10 $9 $1.50

SOUTH

KINGS LANDING 99TH & S RIVERSIDE PKWY TULSA, OK 74105

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

43,746 91.6% 2005

1,487 2,200 3,687

$18 $18 $4.25

SOUTH

KINGS POINTE VILLAGE 5952 S YALE TULSA, OK 74135

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

117,000 91.5% 2003

1,058 4,615 9,993

$20 $20 $2.79

SOUTH

LEWIS CROSSING 6921-6981 S LEWIS AVE TULSA, OK 74136

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

49,324 75.5% 1977/98

1,489 4,230 12,089

$14 $10 $1.38

SOUTH

LIGHTHOUSE SHOPPING CENTER 7143 S YALE TULSA, OK 74136

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

38,045 84.3% 1988/2008

1,035 3,232 5,986

$12 $16 $2.88

SOUTH

LONDON SOUTH 5940 S LEWIS TULSA, OK 74105

VENTURE PROPERTIES / MIKE MCLANE / 918-747-8700 4835 S. PEORIA, SUITE 20 TULSA, OK 74105

35,400 92.7% 1972

2,600 2,600 2,600

$12 $13 $0.65

$2.48

RETAIL | SEE ZONES PAGE 25

NOTE EXPANDED LISTING 47

PROJECT NAME ADDRESS CITY / STATE / ZIP

MANAGING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (GLA) % LEASED YEAR BUILT

SMALLEST AVAILABLE LARGEST AVAILABLE TOTAL AVAILABLE

RENTAL (SMALL SPACE) RENTAL (LARGE SPACE) CAM CHARGE

SOUTH

MANCHESTER SQUARE SE/C 61ST & SHERIDAN TULSA, OK 74135

DIXON R.E. CO., INC. / SONDRA HIGHFILL / 918-748-0308 4870 S. LEWIS, SUITE 100 TULSA, OK 74105

141,601 64.8% 1995

2,099 3,550 49,900

$10.50 $16 $2.66

SOUTH

MEADOWBROOK CHASE NE/C 81ST & MINGO TULSA, OK 74133

CB RICHARD ELLIS/OK / BEN GANZKOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

22,000 58.2% 2014

1,200 3,600 9,200

$24 $22 $5

SOUTH

MEMORIAL CROSSING

• • • • •

SW/C 101st & Memorial

Prime Location Located at 101st & Memorial High Trafﬁc Memorial Corridor Restaurants, Hallmark & Other Great Tenants South Tulsa Location

Contact: George O’Connor or Bill Buchanan Mid America Realty, Inc., 918-299-0100 SOUTH

SOUTH

MEMORIAL CROSSING SW/C 101ST & MEMORIAL TULSA, OK 74133

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

MEMORIAL SQUARE

20,000 83.3%

• • • • • •

NW/C 91st Street & Memorial

3,350 3,350 3,350

$15 $15 $4.60

Prime Location Located at 91st & Memorial Stein Mart, Restaurants High Trafﬁc Memorial Corridor Great Tenant Mix South Tulsa

RETAIL | SEE ZONES PAGE 25

Contact: George O’Connor or Bill Buchanan Mid America Realty, Inc., 918-299-0100 SOUTH

MEMORIAL SQUARE NW/C 91ST & MEMORIAL TULSA, OK 74133

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

14,600 68.8%

4,550 4,550 4,550

$15 $15 $3.81

SOUTH

MINGO CENTER 5151 S MINGO RD TULSA, OK 74146

TWENTY-FIRST PROPERTIES, INC. / 918-743-4300 2121 S. COLUMBIA, SUITE 650 TULSA, OK 74114

17,200 100.0% 2007

0 0 0

$9.25

SOUTH

MINGO MARKETPLACE 10127 E 71ST ST TULSA, OK 74133

CENTRO PROPERTIES GROUP / MARCIA MINTON / 972-668-2986 3333 PRESTON ROAD, SUITE 1400, FRISCO, TX 75034

300,000 100.0% 1992

28,313 0 0

SOUTH

PARK PLAZA SHOPPING CENTER 6010 S SHERIDAN RD TULSA, OK 74135

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

126,549 79.5% 1971

1,365 7,599 25,964

$9 $10 $1.85

SOUTH

REGAL PLAZA - LOT 8 8205-15 E REGAL COURT SOUTH BIXBY, OK 74133

NAI PETROUS / SUSAN DAVIS / 918-745-1133 5810 E SKELLY DR, 14TH FLOOR TULSA, OK 74135

22,500 55.6% 2008

1,000 8,000 10,000

$15 $15 $2.97

SOUTH

REGAL PLAZA – LOT 4 10424-438 S 82ND E AVENUE BIXBY, OK 74133

NAI PETROUS / SUSAN DAVIS / 918-745-1133 5810 E SKELLY DR, 14TH FLOOR TULSA, OK 74135

10,000 100% 2008

0 0 0

$15 $15 $2.97

SOUTH

REGAL PLAZA – LOT 7 10462 S 82ND E AVENUE BIXBY, OK 74133

NAI PETROUS / SUSAN DAVIS / 918-745-1133 5810 E SKELLY DR, 14TH FLOOR TULSA, OK 74135

9,000 100% 2008

0 0 0

$15 $15 $2.97

SOUTH

REGAL PLAZA – LOT 9 – RETAIL SPACE 8210-11-10425 82ND E AVENUE BIXBY, OK 74133

NAI PETROUS / SUSAN DAVIS / 918-745-1133 5810 E SKELLY DR, 14TH FLOOR TULSA, OK 74135

25,500 48.5% 2008

2,250 10,125 12,375

$15 $15 $2.97

SOUTH

RENAISSANCE ON MEMORIAL 8283 S MEMORIAL DRIVE TULSA, OK 74133

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

25,000 93.0% 2003

1,750 1,750 1,750

$20 $23 $3.50

SOUTH

RIVER PARK SQUARE 68TH & PEORIA TULSA, OK 74136

MCDOWELL & ASSOCIATES / JIM MCDOWELL / 918-298-0800 6843 S. PEORIA AVE., TULSA, OK 7403774136

46,238 70.4% 1984

874 5,289 13,693

$6 $6 $1.38

SOUTH

SHOPS OF SEVILLE 101ST & S YALE, N/E C TULSA, OK 74137

WINBURY GROUP / RAY BIERY / 918-299-7100 10051 S. YALE, SUITE 200 TULSA, OK 74137

45,000 100.0% 1997

1,030 0 0

$16 $12.50 $2.50

SOUTH

SOUTH LEWIS PLAZA 7030 S LEWIS TULSA, OK 74136

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

41,699 88.0% 1984

1,400 2,600 5,000

$11 $7.50 $2.40

SOUTH

SOUTH MEMORIAL PLAZA 10846-10848 S. MEMORIAL DR. TULSA, OK 74133

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

48,288 84.2% 2006

1,200 2,840 7,640

$12 $14 $2.88

SOUTH

SOUTHBEND 8701 S LEWIS TULSA, OK 74136

PAUL PROPERTIES / BILL PAUL / 918-293-2215 6216 S. LEWIS TULSA, OK 74136

45,425 94.7% 1974

2,400 2,400 2,400

$7 $7 $0

SOUTH

SOUTHERN TRAILS SE C 71ST & S 85TH E AVE TULSA, OK 74136

MCDOWELL & ASSOCIATES / JIM MCDOWELL / 918-298-0800 6843 S. PEORIA AVE. TULSA, OK 7403774136

34,450 100.0% 1980

0 0 0

$24 $24 $2.18

NOTE EXPANDED LISTING 48

2 0 1 4 N A I O P T U L S A C O M M E R C I A L P R O P E RT I E S – R E TA I L

PROJECT NAME ADDRESS CITY / STATE / ZIP

MANAGING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (GLA) % LEASED YEAR BUILT

SMALLEST AVAILABLE LARGEST AVAILABLE TOTAL AVAILABLE

RENTAL (SMALL SPACE) RENTAL (LARGE SPACE) CAM CHARGE

SOUTH

SPARTAN FAMILY CENTER* 151ST & MEMORIAL RD, N/W C BIXBY, OK 74008

SANDMAN PROP SERVICES / BRAD SANDITEN / 918-742-3315 3314 E. 51ST ST, SUITE 200A TULSA, OK 74135

63,155 85.1% 1985

1,080 7,200 9,420

$9.50 $9.50 $1

SOUTH

SOUTHERN TRAILS SE C 71ST & S 85TH E AVE TULSA, OK 74136

MCDOWELL & ASSOCIATES / JIM MCDOWELL / 918-298-0800 6843 S. PEORIA AVE. TULSA, OK 7403774136

34,450 100.0% 1980

0 0 0

$24 $24 $2.18

SOUTH

SPARTAN FAMILY CENTER* 151ST & MEMORIAL RD, N/W C BIXBY, OK 74008

SANDMAN PROP SERVICES / BRAD SANDITEN / 918-742-3315 3314 E. 51ST ST, SUITE 200A TULSA, OK 74135

63,155 85.1% 1985

1,080 7,200 9,420

$9.50 $9.50 $1

SOUTH

SQUARE 91 8921-8929 S MEMORIAL TULSA, OK 74133

CB RICHARD ELLIS/OK / RICH MONAGHAN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

196,842 91.1% 1991

1,200 11,520 17,453

$6 $12 $1.86

SOUTH

SQUARE ONE SHOPPING CENTER 81ST & SHERIDAN, N/E C TULSA, OK 74133

GBR PROPERTIES, INC. / BOB PARKER / 918-493-2525 3114 E. 81ST STREET TULSA, OK 74137

47,020 96.1% 1983

1,830 1,830 1,830

$12 $12 $2.75

SOUTH

SQUARE ONE-EXTENDED 6705 E 81ST ST TULSA, OK 74133

BAUER & ASSOCIATES / LARRY MANLEY / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

17,734 100.0% 1985

2,733 4,532 0

$11.50

SUMMIT SQUARE 71ST & SHERIDAN, S/W C TULSA, OK 74136

GBR PROPERTIES, INC. / BOB PARKER / 918-493-2525 3114 E. 81ST STREET TULSA, OK 74137

166,800 79.3% 1987

1,500 25,000 34,589

$12 $5 $1.78

SOUTH

• • • • • •

THE LANDING NW/C 71st & Memorial

Prime Location Located at 71st & Memorial Asahi Sushi, Beauty Services and Restaurants High Trafﬁc Count Ample Parking Great Tenant Mix

Contact: George O’Connor, Kevin O’Connor, or Bill Buchanan Mid America Realty, Inc., 918-299-0100 THE LANDING 71ST & MEMORIAL NW/C TULSA, OK 74133

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

31,200 73.1%

2,400 3,600 8,400

$10 $10 $2.64

SOUTH

THE MILL SHOPPING CENTER 6973 E 71ST ST TULSA, OK 74133

P&H PROPERTIES LLC / BRANDON MOLL / 918-523-4000 4785 E. 91ST, SUITE 200 TULSA, OK 74137

30,870 79.6% 1980

1,250 3,169 6,293

$10 $12 $2.20

SOUTH

THE PLAZA SHOPPING CENTER 8102-8272 S LEWIS AVE TULSA, OK 74137

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

151,941 63.7% 1986

979 7,000 55,119

$8 $10

SOUTH

THE SHOPS & OFFICES AT BRIDGEPOINTE 1660 E 71ST ST TULSA, OK 74136

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

55,000 56.7% 1992

1,300 5,860 23,813

$10 $10 $1.85

SOUTH

THE VILLAGE AT WOODLAND HILLS 6612-6808 S MEMORIAL TULSA, OK 74133

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

224,287 67.7% 1987

669 17,215 72,554

$10

SOUTH

THE VINEYARD ON MEMORIAL 109TH & MEMORIAL TULSA, OK 74133

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

58,000 55.9% 2014

6,308 1,429 25,554

$20 $25 $4.00

SOUTH

TOWN & COUNTRY CENTER 121ST & S MEMORIAL BIXBY, OK 74008

SANDMAN PROP SERVICES / BRAD SANDITEN / 918-742-3315 3314 E. 51ST ST, SUITE 200A TULSA, OK 74135

91,610 83.3% 1974

15,317 15,317 15,317

$8 $7 $0.85

SOUTH

TULSA RETAIL CENTER 9121-9219 E 71ST ST TULSA, OK 74133

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

92,848 100.0%

0 0 0

$15 $8 $2

SOUTH

TUSCANA ON YALE 8931 S YALE AVE TULSA, OK 74136

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

32,000 83.7% 2013

1,208 4,000 5,208

$22 $22 $4.25

SOUTH

UNION PLAZA 71ST AND MINGO, N/E C TULSA, OK 74136

CB RICHARD ELLIS/OK / BEN GANZKOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

334,566 100.0% 1994

0 0 0

$9.50 $6.50 $1.56

SOUTH

UNION SQUARE 6105 MINGO RD TULSA, OK 74133

WALMAN COMMERCIAL / STEVE WALMAN / 918-481-8888 7060 S. YALE, SUITE 900 TULSA, OK 74136

30,220 83.6% 1985

605 1,607 4,948

$10 $11 $2.58

SOUTH

VILLAGE SOUTH SE/C 101st & Sheridan

• • • • • •

RETAIL | SEE ZONES PAGE 25

SOUTH

Prime Location Located at 101st & Sheridan Sky Fitness, Mazzios and Other Great Tenants Great Area Demographic Tremendous Tenant Mix Recently Undergone Major Renovation

Contact: George O’Connor or Kevin O’Connor Mid America Realty, Inc., 918-299-0100

NOTE EXPANDED LISTING 49

PROJECT NAME ADDRESS CITY / STATE / ZIP

MANAGING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (GLA) % LEASED YEAR BUILT

SMALLEST AVAILABLE LARGEST AVAILABLE TOTAL AVAILABLE

RENTAL (SMALL SPACE) RENTAL (LARGE SPACE) CAM CHARGE

SOUTH

VILLAGE SOUTH 10100 S SHERIDAN RD TULSA, OK 74133

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

104,113 79.8% -

1,038 3,700 21,000

$13 $13 $2.62

SOUTH

WALNUT CREEK SHOPPING CENTER 8101 S HARVARD (SE/C) TULSA, OK 74136

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

105,768 73.9% 1990

1,231 10,600 27,653

$9 $12

SOUTH

WEMBLEY CENTER 7106-7116 S MINGO TULSA OK 74133

COURY PROPERTIES, INC. / TINA NEWTON / 918-583-0201 7134 S. YALE, SUITE 400 TULSA, OK 74136

51,343 77.6%

1,200 4,296 11,478

$12.50 $9.50 $2.20

SOUTH

WOODLAND PLAZA 8620-8802 E 71ST ST TULSA, OK 74133

PRICE EDWARDS / SUSAN BRINKLEY / 918-394-1000 8242 SOUTH HARVARD, SUITE I TULSA, OK 74137

143,376 61.5% 1994

1,281 45,089 55,133

$11 $22 $3.72

SOUTH

YALE VILLAGE SW CORNER 91ST & YALE TULSA, OK 74137

LINCOLN PROPERTY COMPANY RETAIL / CHRIS THOMAS / 214-740-3457 2000 MCKINNEY AVE, STE 1000, DALLAS, TX 75201

100,000 90.0% 2013

1,400 5,500 10,000

$28 $24 $3

SOUTHWEST SW

MAIN PLACE 6TH & SO MAIN SAPULPA , OK 74066

SANDMAN PROP SERVICES / BRAD SANDITEN / 918-742-3315 3314 E. 51ST ST, SUITE 200A TULSA, OK 74135

42,000 100.0% 1976

0 0 0

$8 $8 $0.78

RIVERWALK CROSSING 300 RIVERWALK TERRACE JENKS, OK 74037

PAINE & ASSOCIATES / 918-481-5380 5810 E. SKELLY DR, STE. 420 TULSA , OK 74135

86,302 53.7% 2005

1,400 20,000 40,000

$15 $15

SOUTHWEST CROSSROADS SWC 121ST & HWY 75 GLENPOOL, OK 74033

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

32,431 39.2% 2009

1,250 16,000 19,728

$22 $22

RETAIL | SEE ZONES PAGE 25

TULSA HILLS SHOPPING CENTER

•

7336 S Olympia Avenue

• •

Tulsa Hills Shopping Center is a bustling, new retail center destination in southwest Tulsa anchored by Target. The Center’s major national retailers and local/specialty stores serve multiple communities including Tulsa, Jenks, Bixby, Glenpool, Sapulpa and Sand Springs 2-2,400 SF spaces & 1-1,600 SF space available

Contact: Caitlin Boewe or Lindsey Morehead CB Richard Ellis|Oklahoma, 918-665-3830

Part of the CBRE affiliate network SW

TULSA HILLS SHOPPING CENTER 7336 S OLYMPIA AVE TULSA, OK 74132

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

736,967 96.3% 2007

1,200 23,000 27,000

$25 $25

VILLAGE ON MAIN 117 S 7TH ST JENKS, OK 74037

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

44,193 37.0% 2012

952 20,000 27,844

$9 $12

WEST

CRYSTAL CITY SHOPPING CENTER 4207-4289 SOUTHWEST BLVD TULSA, OK 74131

NAI PETROUS, INC. / DANNY OVERTON / 918-745-1133 5810 E. SKELLY DR., SUITE 1400 TULSA, OK 74135

110,000 100.0% 1954

17,850 50,533

WEST

SPRINGS VILLAGE 3909-3989 S HIGHWAY 97 SAND SPRINGS, OK 74063

CB RICHARD ELLIS/OK / CAITLIN BOEWE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

168,000 87.9% 1986

1,204 8,775 20,266

$10 $10

WEST

• • • • •

TOWN WEST 5610-5648 West Skelly Drive

•

$0.69

2009 Renovation All new air-conditioning units Substantially new roof Excellent visibility and access to Interstate 44 Minutes away from downtown Tulsa and the Tulsa Hills Shopping Area Up to 46,000 square feet available

Contact: Bob Meyer or Jason M. Kennon Case & Associates Properties, Inc., 918-492-1983 WEST

TOWN WEST 5600 W SKELLY DR TULSA, OK 74107

CASE & ASSOCIATES / JASON KENNON / 918-492-1983 4200 E. SKELLY DRIVE, SUITE 800 TULSA, OK 74135

160,591 79.7% 1978

7,610 16,030 32,533

$4 $4 $0

NOTE EXPANDED LISTING 50

2 0 1 4 N A I O P T U L S A C O M M E R C I A L P R O P E RT I E S – R E TA I L

National Ø

Ø Grant Allen HUB International CFR

Josh Chesney

Amy Anderson

Matthew L. Christensen

Newmark Grubb Levy Strange Beffort

Steven Burrus

American Heritage Bank Ø

Jared L. Cable Grand Bank

Jordan K James

Brad Sanditen Sandman Realty LLC

Joe Neal

Scott Schlotfelt

KPM

Newmark Grubb Levy Strange Beffort

Jason M. Kennon

Danny Overton

C. Jason Stephens

Private

Dave Kollmann Flintco LLC

Cary Phillips

Link Cowen

WorkSpace Resource Inc.

Tony Lenox

The Ross Group Construction Corp.

Matt Dumond

Gene Phillips

Brian Talkington

Wallace Engineering

LD Kerns Contractors

American Heritage Bank

Michael L. Estus

Paradigm Realty Advisors

Tanda Francis

Nicholas Lombardi

Ø Nick Probst Corporate Realty Advisors LLC

Frisbie Lombardi Commercial Real Estate Services Ø

Ryan McDaniel

Price Edwards & Co.

Commerce Bank

Steve Ganzkow

Justin McLaughlin

American Residential

Ashley L. Stephenson

CB Richard Ellis Oklahoma

Cowen Construction

Lauren Smith Security Bank

NAI Petrous

Titan Properties LLC

Chad Osgood Highgate General Contractors Inc.

Jonathan B. Cowan

Commercial Title & Escrow Services Inc.

Bumgarner Asset Management

Coury Properties

Case & Associates

Pam Bewley

Chris J. Bumgarner

Scott Morgan

Bryan K. Collins Red River Roofing

City of Tulsa

Alexis Higgins

Tim James

William P. Beichler

Rick L Bruder

Joe Robson

The Robson Companies Inc.

Bank of Oklahoma N.A.

Owasso Land Trust

CB Richard Ellis Oklahoma

Branden Moll

P & H Properties LLC

Andrew K. Coffey

Brian Beam

Caitlin D Boewe

Crafton Tull

JKJ Realty Company

Arvest Bank

Ashley Hibbets

Look Properties

David Cobb

David Atkinson

Newmark Grubb Levy Strange Beffort

Alynchia Reynolds

BancFirst Tulsa

Tulsa Airport Authority Terracon Consultants Inc.

Bill Miller

Stan Johnson Company

Doerner Saunders Daniel & Anderson LLP

Jared Andresen

One Property Management

Zachary Harris

Cyntergy AEC

Regus/HQ

2014 NAIOP Members

Tulsa Regional Chamber

Stephanie D. Putzke Cyntergy AEC

Cassie Reese

Crossland Construction

Alan Taylor

Wallace Engineering Ø

Warren Unsicker Broken Arrow Economic Development Corp.

Carl Vincent Ruffin Properties

Ben Ganzkow

CB Richard Ellis Oklahoma

Susan Meeker Flintco LLC

Jerry D. Reeves

Investment Real Estate LLC

Yolanda Wright Kinslow Keith & Todd

Ø DEVELOPING LEADER MEMBER 51

2 0 1 4 I N D U S T R I A L M A R K E T O V E RV I E W

INDUSTRIAL MARKET OVERVIEW

POISED FOR TAKEOFF

At the conclusion of 2013, Industrial leasing and sales showed significant improvement over the previous year. The overall vacancy rate decreased to 6.9% from 11.37% at yearend 2012. While lease rates increased only slightly by $0.04 to $5.24 sq. ft., Tulsa realized positive net absorption of 1.23 million sq. ft. Energy sector demand with help from the areaâ&#x20AC;&#x2122;s aerospace employers continue to be instrumental for economic growth.

by JAMES D. HILL 53

P O I S E D F O R TA K E O F F

A STRONG HIGHLIGHT FOR 2013 has to be shared by Google and Macy’s with both announcing substantial commitments in the Tulsa area. While Google purchased the 1.4 million sq. ft. warehouse formerly occupied by Gatorade in Pryor, Macy’s announced plans to construct a new $170 million 1.3 million sq. ft. distribution and direct-to-consumer fulfillment center at Cherokee Industrial Park. Macy’s expects to employ 1,500 people. Site Selection magazine announced earlier this year that the Tulsa region ranked No. 5 in 2013 from a Top Ten list of metro areas with a population of 200,000 to 1 million for new and expanding facilities. 2014 SUMMARY Tulsa’s 7-county MSA, a major player in oil and gas production with approximate population 961,000, has a GDP estimated at $43 billion or roughly 30% of the Oklahoma economy. The energy sector boasts numerous industrial employers related to machinery manufacturing, pumps and compressors, metal fabricators and heat exchangers.The local economy also benefits greatly from the aviation and aerospace industries. Tulsa has three significant aerospace employers: American Airlines, Nordam and Spirit AeroSystems. The companies collectively employ nearly 10,000 people and contribute to Tulsa’s low unemployment rate of 4.9%. Wichita-based Spirit AeroSystems manufactures wings for Boeing and Gulfstream aircraft and employs about 2,000 people in Tulsa. Reportedly, all or a portion of the business is for sale. While company officials have not confirmed, the rumor is that Boeing work is far more profitable, thus the Gulfstream business jet programs account may be sold off. It is hoped the end result will not adversely affect employment levels in Tulsa. 54

2 0 1 4 I N D U S T R I A L M A R K E T O V E RV I E W

Tulsa ranks 12th in manufacturing growth nationwide, according to Garner Economic (2014)

As the aerospace industry steadily improves and U.S. oil and gas production continues its role in meeting world energy needs, the Tulsa area’s manufacturing workforce is poised for additional growth. According to the mid-year Industrial report by CB Richard Ellis|Oklahoma, Tulsa’s overall industrial vacancy rate held steady the first half of 2014 at 6.5 % from 6.9% at year-end 2013. Expanding businesses resulted in 585,259 sq. ft. of net absorption. 2011 is the last calendar year with negative net absorption, returning 1.2 million sq. ft. to the market. Add negative numbers from 2009–2010 and Tulsa’s market returned a total of 5.2 million sq. ft. for lease or sale.The industrial market has improved since 2013, absorbing 2,170,000 sq. ft. A substantial amount of absorption in the Southeast resulted from Harsco Industrial Air-XChangers’ robust business. This locally based manufacturer of air cooled heat exchangers serving the natural gas industry recently announced a relocation and consolidation into a 525,000 sq. ft. plant by year end. The move represents an expansion by approximately 200,000 sq. ft.The facility is located at 5555 South 129th East Avenue and is part of a large complex encompassing 190 acres originally occupied by Ford Glass and later by Zeledyne. In February, developers acquired the property, demolished a largely unusable structure and retained two

buildings, one of which is leased to Harsco. A 393,000 sq. ft. warehouse and/or manufacturing plant with heavy electrical service remains available. The overall industrial lease rate increased slightly in the first half of 2014 to $5.42 per sq. ft. from a year ago of $5.27 per sq. ft. Lower vacancies most always bolster landlords. Provided inventory continues to shrink, lease rate growth is expected over the next year. Bulk warehouse lease rates improved over the past year by 6.27% to $4.07 per sq. ft. With larger tenants currently looking in the market, lease rates for bulk warehouse space have potential to increase by year end despite blocks of space currently available ranging from 50,000 to 200,000 sq. ft. and up. Service center (flex space) rates decreased over the past year by 1.04% to $6.64 per sq. ft. Of the 30 service centers in this survey, eight of the projects had higher than 20% vacancy rates. Only a select few projects have ongoing success by virtue of superior location, accessibility and visibility. Considering Tulsa’s dwindling inventory, some industrial space users, especially manufacturing related, have recently acquired industrial sites and new construction is underway or pending.These include: Central Tube and Bar— 40,000 sq. ft., AlroSteel— 100,000 sq. ft., Industrial Piping Companies— 60,000 sq. ft., Tulsa FinTube— 70,000 sq. ft. and Inland Truck Parts— 100,000 sq. ft. Taylor Forge, based in Paolo, Kansas, built a new 53,000 sq. ft. plant in February for its gas processing and heat transfer business, and expects to add 100 employees to this location. With fewer industrial buildings available, developers see opportunities and have spec buildings either constructed or pending construction. A newly built 15,000 sq. ft. office/warehouse and a 42,000 sq. ft. manufacturing facility with overhead

cranes await tenants. Kansas City Life, a company with substantial holdings in Tulsa, is building an upscale 52,500 sq. ft. warehouse with 24 ft. clear at Commerce Crossing near 51st Street and 129th East Avenue. The new owner/developer of the former Zeledyne Glass Plant site, now known as CenterPointe, have two high image buildings planned that include 60,000 and 112,000 sq. ft. These tilt-wall warehouses will feature 30 ft. of vertical clearance and amenities found in modern industrial projects. 2014 FORECAST As the aerospace industry steadily improves and U.S. oil and gas production continues its role in meeting world energy needs, the Tulsa area’s manufacturing workforce is poised for additional growth. With Tulsa’s healthy business environment, we expect the overall vacancy rate to remain low with potential for lease rate growth through year end going into 2015. •

Commercial Real Estate Loans

Long Term Fixed Rates

American Heritage Bank is uniquely positioned to offer 5 to 15 year terms and is looking for financing opportunities in the Tulsa area. Purchase or refinance your commercial investment property with a long-term, fixed rate loan and take advantage of historically low interest rates. Industrial - Office - Retail - Multifamily

Contact Brian Talkington, Vice President, at (918) 227-8101 for all your banking needs.

ahb-ok.com “You deserve the best representation in the industry. Discover the power of Integra.”

Disclaimer- This document shall not be construed as a formal offer to provide financing or a commitment on projects, terms, or rates. All loans are subject to normal due diligence of American Heritage Bank at its sole discretion. Dated September 1, 2014. Member FDIC

- Charles Bissell, Executive Director

Integra Realty Resources - Tulsa | OKC Why IRR for Valuation and Consulting?

Local Expertise...Nationally

• Knowledgable and Experienced • Independent and Unbiased • Timely and Responsive Owen “Chip” Ard, MAI Senior Managing Director oard@irr.com 918.492.4844

Darin A. Dalbom, MAI Managing Director adalbom@irr.com 405.721.1133

1323 E. 71st Street Suite 105 Tulsa, OK 74136

11901 N. MacArthur Blvd. Suite G2 Oklahoma City, OK 73162

www.irr.com/Tulsa 55

PROJECT NAME ADDRESS CITY / STATE / ZIP

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) OCCUPANTCY RENT RATE

CONT. SPACE TOTAL AVAIL. SPRINKLERED

LOADING DOORS CLEAR HEIGHT RAIL SERVICE

INDUSTRAIL | SEE ZONES PAGE 25

BROKEN ARROW BA

1605 E. IOLA 1605 E IOLA BROKEN ARROW, OK 74012

CB RICHARD ELLIS/OK / TONY AARONSON / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

55,000 0% $3.50

55,000 55,000 NO

7GRADE LEVEL/2 DOCK HIGH 22’ NO

2100 N. HEMLOCK 2100 N HEMLOCK BROKEN ARROW, OK 74011

TWENTY-FIRST PROPERTIES, INC. / DAVID HOLT / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

15,000 100% $5

0 0 YES

LOADING DOCK / DOORS 27’ NO

2101 N. BEECH 2101 N BEECH BROKEN ARROW, OK 74012

CB RICHARD ELLIS/OK / SHAWNA HALE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

41,250 89.9% $6.75

2,905 4,167 -

14’ DRIVE IN DOORS 16’ NO

2600 WEST ALBANY 2600 W ALBANY BROKEN ARROW , OK 74012

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

45,000 66.3% $4.75

15,180 15,180 YES

DOCK 22’ NO

708 WEST KENOSHA 708 WEST KENOSHA BROKEN ARROW , OK 74012

MCDOWELL & ASSOCIATES / JIM MCDOWELL / 918-298-0800 6843 S. PEORIA AVE., TULSA, OK 7403774136

61,575 0% $4.22

61,575 61,575

2 DOCKS 15-18’

CENTERPOINTE BUSINESS PARK 5727 S. 129TH E. AVE. TULSA, OK 74134

CB RICHARD ELLIS/OK / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

393,000 0% $2.25

393,000 393,000

DOCK HIGH / DRIVE IN 22’ NO

COMMERCE CROSSING 2309 N SWEET GUM AVE BROKEN ARROW, OK 74012

CB RICHARD ELLIS/OK / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

62,500 100% $5.50

0 0 YES

DOCK HIGH & DRIVE IN 24’ NO

COMMERCE CROSSING 3825 W ALBANY BROKEN ARROW, OK 74012

CB RICHARD ELLIS/OK / MATT KLIMISCH / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

45,000 100% $5.50

0 0 YES

DOCK HIGH/DRIVE IN 24’ NO

HENSHAW BUSINESS PARK 2502-2628 N HEMLOCK CITSTE A1 BLDG BROKEN ARROW, OK 74012

CB RICHARD ELLIS/OK / MATT KLIMISCH / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

141,876 100% $3.75

0 0 NO

28 21’ NO

HENSHAW PARK SOUTH I 1900 N INDIANWOOD BROKEN ARROW, OK 74012

CB RICHARD ELLIS/OK / DWAYNE FLYNN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

57,500 100% $4.75

0 0

METRO PARK EAST I 13700 E 61ST ST TULSA, OK 74146

EQUITAS REALTY ADVISORS / MARCO PLACENCIA / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

60,000 87.5% $5.50

7,500 7,500 YES

GRADE A DOCK 24’ NO

METRO PARK EAST II 13655 E 61ST ST TULSA, OK 74146

EQUITAS REALTY ADVISORS / MARCO PLACENCIA / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

60,000 100% $4.75

0 0 YES

GRADE A DOCK 24’ NO

METRO PARK IV 12122 E 55TH TULSA, OK 74146

CB RICHARD ELLIS/OK / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

112,500 100% $4.75

0 0 ESFR

DOCK HIGH & DRIVE IN DOORS 30’ NO

24’ NO

CENTRAL CENTRAL

AUTOTOPS BUILDING 8548 E 41ST TULSA, OK 74145

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

36,000 100% $4.75

0 0

CENTRAL

CROSSTOWN BUSINESS CENTER 9797 E ADMIRAL PL TULSA, OK 74116

CB RICHARD ELLIS/OK / BOB PIELSTICKER / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

192,282 70.8% $3.50

30,877 56,185 YES

YES 18’ NO

CENTRAL

CROSSTOWN BUSINESS CENTER 9797 E ADMIRAL PL TULSA, OK 74116

CB RICHARD ELLIS/OK / BOB PIELSTICKER / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

192,282 70.8% $3.50

30,877 56,185 YES

YES 18’ NO

CENTRAL

EXPRESSWAY CENTER 3621-3751 S 73RD E AVE TULSA, OK 74145

CB RICHARD ELLIS/OK / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

248,163 88.5% $3.95

11,616 28,507 YES

GRADE LEVEL & DOCK HIGH 18’ NO

CENTRAL

SHERIDAN TRADE CENTER 6555-6577 E 21ST PL TULSA, OK 74129

WATERMARK COMMERCIAL PROPERTIES / DORINDA HANSEN / 918-994-4407 4527 E 91ST ST, TULSA, OK 74137

33,750 85.2% $5.50

3,000 5,000

DRIVE IN & DOCK HIGH DOOR 15’ NO

NOTE EXPANDED LISTING 56

2 0 1 4 N A I O P T U L S A C O M M E R C I A L P R O P E RT I E S – I N D U S T R I A L

PROJECT NAME ADDRESS CITY / STATE / ZIP

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) OCCUPANTCY RENT RATE

CONT. SPACE TOTAL AVAIL. SPRINKLERED

LOADING DOORS CLEAR HEIGHT RAIL SERVICE

EAST

12535 E. 52ND STREET WAREHOUSE 12535 E 52ND ST TULSA, OK 74146

TWENTY-FIRST PROPERTIES, INC. / DAVID HOLT / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

82,290 0% $0

82,290 82,290 YES

9 24’ NO

EAST

51ST STREET TULSA BUSINESS PARK 11626 E 51ST ST TULSA, OK 74146

CB RICHARD ELLIS/OK / SHAWNA HALE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

40,000 89.1% $6.75

1,875 4,375 NO

14’ DRIVE IN DOORS 16’ NO

EAST

56TH STREET WAREHOUSES 11105-11119 E 56TH ST TULSA, OK 74146

CB RICHARD ELLIS/OK / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

43,200 96.5% $5

1,500 1,500

DRIVE IN 14’ NO

EAST

5800 CENTER 5727 S GARNETT RD TULSA, OK 74146

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

52,000 82.9% $7.50

8,900 8,900 NO

GRADE DOCK 13’ NO

EAST

5800 GARNETT 5727 & 5807 S GARNETT RD TULSA, OK 74146

AMERICAN SOUTHWEST PROP / JACK WRIGHT / 918-251-0707 2341 W. ALBANY, SUITE A, BROKEN ARROW, OK 74012

61,352 83.7% $8

10,000 10,000 NO

GRADE LEVEL & DOCK HIGH 18’ NO

EAST

AIRPARK DISTRIBUTION CENTER III 11605 E 27TH ST N TULSA, OK 74116

“COATES COMMERCIAL PROPERTIES / PATRICK COATES / 918-292-8510” 4111 S. DARLINGTON, STE 640, TULSA, OK 74135

100,000 80% $4.50

20,000 20,000 YES

DOCK HIGH & DRIVE IN RAMP ACCESS 30’

EAST

BETA BUSINESS PARK 5666 S 122ND E AVE TULSA, OK 74146

BAUER & ASSOCIATES / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

134,000 88.8% $5.25

7,500 15,000 YES

12’X14’ OHD 20’ & 24’ NO

EAST

BETA BUSINESS PARK 12518 E 60TH ST TULSA, OK 74146

BAUER & ASSOCIATES / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

37,000 100%

37,000 0 YES

12’X14’ OHD 24’ NO

EAST

• • • • •

BUSINESS COMMONS TECH CENTER

12206 East 51st Street

Located in Metro Park, one of Tulsa’s nicest industrial parks E. 51st Street frontage near the Broken Arrow Expressway Attractive Design Convenient drive-in loading Flex/R&D space located in the heart of the medical services corridor

Contact: Bob Meyer or Jason M. Kennon Case & Associates Properties, Inc., 918-492-1983 EAST

BUSINESS COMMONS TECH CENTER 12206 E 51ST ST TULSA, OK 74146

CASE & ASSOCIATES / JASON KENNON / 918-492-1983 4200 E. SKELLY DRIVE, SUITE 800 TULSA, OK 74135

37,041 93.4% $7.50

0 2,443 NO

GRADE LEVEL OVERHEAD 12’ - 13’ NO

EAST

CENTERPOINTE BUSINESS PARK 5802-5884 S 129TH E AVE TULSA, OK 74134

ADAMS & ASSOCIATES / DAN ADAMS / 918-495-3661 P. O. BOX 2407 BROKEN ARROW, OK 74013

74,000 94.6% $7.50

2,200 4,000 NO

YES 12’ NO

EAST

CROSSROADS DISTRIBUTION CENTER 420 S 145TH E AVE TULSA, OK 74117

CB RICHARD ELLIS/OK / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

780,524 87% $3.50

101,200 101,200 YES

YES 36’-43’

EAST

Excellent Highway Access nearby and visibility to Hwy 169 Attractive Design Modern Clear Heights Ample Loading Areas Dock High, Van/Truck High, Drive-in Ramp Access Large Concrete Truck Court

Contact: Bob Meyer or Jason M. Kennon Case & Associates Properties, Inc., 918-492-1983 EAST

FREEPORT TRADE CENTER 3148-58-68 S 108TH E AVE TULSA, OK 74146

CASE & ASSOCIATES / JASON KENNON / 918-492-1983 4200 E. SKELLY DRIVE, SUITE 800 TULSA, OK 74135

185,732 87.1% $7

7,300 23,975 YES

DOCK HIGH, SEMI DOCK, GRADE LEVEL 18’, 15.5’, 14.5’ NO

EAST

GARNETT BUSINESS PARK 5460 S GARNETT RD TULSA, OK 74146

FLEENER REAL ESTATE / GARY FLEENER / 918-621-1133 1703 E. SKELLY DRIVE TULSA, OK 74105

200,000 97% $5

3,006 5,914 NO

GRAEBEL WAREHOUSE 12535 E 52ND ST TULSA, OK 74146

TWENTY-FIRST PROPERTIES, INC. / PAUL WILSON / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

82,290 0% $4.50

82,290 82,290 YES

(4)10’X10’ DH W/ LEVELERS, (2)8’X10’ DH, (2)12’X14’DI, (1)14’X14’DI

HEARTLAND TRADE CENTER 12330 E 60TH ST TULSA, OK 74146

ADAMS & ASSOCIATES / DAN ADAMS / 918-495-3661 P. O. BOX 2407 BROKEN ARROW, OK 74013

39,531 63.6% $5.75

9,750 14,402 NO

YES 10’ NO

EAST

INDUSTRAIL | SEE ZONES PAGE 25

• • • • • •

FREEPORT TRADE CENTER 3148-58-68 South 108th East Avenue

24’

NOTE EXPANDED LISTING 57

PROJECT NAME ADDRESS CITY / STATE / ZIP

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) OCCUPANTCY RENT RATE

CONT. SPACE TOTAL AVAIL. SPRINKLERED

LOADING DOORS CLEAR HEIGHT RAIL SERVICE

EAST

KATY CROW 5443 S 108TH E AVE TULSA, OK 74146

CASE & ASSOCIATES / JASON KENNON / 918-492-1983 4200 E. SKELLY DRIVE, SUITE 800 TULSA, OK 74135

120,157 100% $4

0 0 YES

DOCK HIGH 26’ YES

EAST

MARK I BUSINESS CENTER 12616 - 12626 E 60TH ST TULSA, OK 74146

46,000 93.9% $6.50

2,800 2,800 YES

DRIVE IN 19’ NO

EAST

METRO PARK 12535 E 52ND ST TULSA, OK 74136

82,290 100% $4.50

0 0 YES

7 24’ NO

EAST

METRO PARK EAST V 6031 S 129TH E AVE TULSA, OK 74134

CB RICHARD ELLIS/OK / MATT KLIMISCH / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

59,500 100% $5

0 0 YES

DOCK HIGH & DRIVE IN 30’ NO

EAST

METRO PARK I 5233 S 122ND E AVE TULSA, OK 74146

EQUITAS REALTY ADVISORS / MARCO PLACENCIA / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

48,000 100% $5

0 0 YES

DOCK & GRADE 24’ NO

EAST

METRO PARK II 12505 E 55TH ST TULSA, OK 74146

CB RICHARD ELLIS/OK / DWAYNE FLYNN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

50,000 50% $4

25,000 25,000

DOCK HIGH 24’ NO

EAST

METRO PARK SOUTH 5915 S 118TH E AVE TULSA, OK 74146

TWENTY-FIRST PROPERTIES, INC. / DAVID HOLT / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

20,000 100%

0 0 YES

DOCK & GRADE 25’ NO

EAST

METRO PARK SOUTH 11807 E 61ST TULSA, OK 74137

TWENTY-FIRST PROPERTIES, INC. / DAVID HOLT / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

18,960 100%

0 0 YES

5 24’ NO

EAST

METRO PARK SOUTH 5925 S 118TH E AVE TULSA, OK 74137

TWENTY-FIRST PROPERTIES, INC. / DAVID HOLT / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

20,000 100% $0

0 0 YES

YES 24’ NO

EAST

METRO WAREHOUSE 5616-5634 S 122ND E AVE TULSA, OK 74146

CB RICHARD ELLIS/OK / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

73,475 85% $5.50

5,000 11,000 PARTIAL

DRIVE IN 16’

EAST

SOUTHEAST TECH CENTER

• •

5411 South 125th East Avenue

• •

Located in Metro Park, one of Tulsa’s nicest industrial parks Easy access with E. 55th St frontage, one block west of S 129th E Ave. Attractive Design with convenient drive-in loading Ample Loading Areas

INDUSTRAIL | SEE ZONES PAGE 25

Contact: Bob Meyer or Jason M. Kennon Case & Associates Properties, Inc., 918-492-1983 EAST

SOUTH EAST TECH CENTER 5411 S 125TH E AVE TULSA, OK 74146

EAST

SOUTHPLACE TRADE CENTER 8700 E 41ST TULSA, OK 74145

EAST

SPACE CENTER EAST 11915-12027 E 51ST ST TULSA, OK 74146

EAST

31,506 100% $7.50

0 0 NO

GRADE LEVEL 14’ NO

25,000 71.2% $6

3,600 7,200 NO

NONE 10’ NO

CB RICHARD ELLIS/OK / TOM O’BRIEN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

205,500 96.4% $4.75

7,500 7,500 YES

DOCK HIGH/DRIVE IN 18’ NO

TANDEM BUSINESS PARK 12101-12221 E 51ST TULSA, OK 74146

CB RICHARD ELLIS/OK / JIM BROWN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

88,084 78.5% $8.25

8,928 18,981 NO

GRADE LEVEL 14.5’ NO

EAST

TRIANGLE INDUSTRIAL PARK 5829-5899 S GARNETT RD TULSA, OK 74146

NEWMARK GRUBB LEVY STRANGE BEFFORT / DAVID LOONEY / 918-481-3200 2021 S. LEWIS , STE 410, TULSA, OK 74104-5710

160,890 95.8% $6.25

3,661 6,749 YES/NO

MULTIPLE 16’ - 22’ NO

EAST

WALVOIL BUILDING 12356 E 52ND ST TULSA , OK 74146

CUSHMAN & WAKEFIELD / COMMERCIAL OKLAHOMA INC. / ROB STEPHENS / 918-488-8418 4111 S. DARLINGTON, STE. 1190, TULSA, OK 74135

20,619 100% $6.75

5,000 0

1 GRADE DOORS 2 DOCK HIGH 24

EAST

CASE & ASSOCIATES / JASON KENNON / 918-492-1983 4200 E. SKELLY DRIVE, SUITE 800 TULSA, OK 74135

WILSHIRE SQUARE

• • • • •

11002-11022 East 51st Street

Contact: Dwayne Flynn, SIOR, CCIM or Bill Mizener, SIOR CB Richard Ellis|Oklahoma, 918-665-3830

Part of the CBRE affiliate network EAST

WILSHIRE SQUARE 11002-11010-11014-11022 E 51ST TULSA, OK 74145

Brick and Glass Fronts Drive-In and Dock Doors Ample Parking 51st Street Frontage Direct Access to Hwy 51 and Hwy 169

CB RICHARD ELLIS/OK / DWAYNE FLYNN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

2 0 1 4 N A I O P T U L S A C O M M E R C I A L P R O P E RT I E S – I N D U S T R I A L

67,378 100% $7.25

0 0

DRIVE-IN DOORS 14’ NO

NOTE EXPANDED LISTING

INDUSTRIAL | SEE ZONES PAGE 25

PROJECT NAME ADDRESS CITY / STATE / ZIP

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) OCCUPANTCY RENT RATE

CONT. SPACE TOTAL AVAIL. SPRINKLERED

LOADING DOORS CLEAR HEIGHT RAIL SERVICE

MIDTOWN 6517-6531 E. 46TH ST 6517-6531 E 46TH ST UNIT 6521 TULSA, OK 74145

CB RICHARD ELLIS/OK / SHAWNA HALE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

27,000 77% $6

4,700 6,200 NO

DRIVE IN 16’ NO

MIDTOWN

7011 EAST 46TH ST. 7011 EAST 46TH ST. TULSA, OK 74145

EQUITAS REALTY ADVISORS / MARCO PLACENCIA / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

27,000 0% $5.75

13,500 27,000 YES

GRADE A DOCK 24’

MIDTOWN

70TH WAREHOUSE 4118 S 70TH E AVE TULSA, OK 74145

CB RICHARD ELLIS/OK / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

37,104 100% $5

0 0 YES

DOCK HIGH / DRIVE IN 18’ NO

MIDTOWN

8160 EAST 41ST 41ST AND MEMORIAL TULSA, OK 74145

TWENTY-FIRST PROPERTIES, INC. / DAVID HOLT / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

48,263 100%

0 0 YES

5 18’ NO

MIDTOWN

ALLTEC CENTER 433 S 93RD E AVE TULSA, OK 74145

BAUER & ASSOCIATES / LARRY MANLEY / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

43,049 100%

0 0 NO

MIDTOWN

BETA BUSINESS PARK 4444 S 70TH E AVE TULSA, OK 74145

BAUER & ASSOCIATES / JEFF POWERS / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

95,905 63.6% $5.25

34,905 34,905 YES

GRADE LEVEL DOCK HIGH 24’ NO

MIDTOWN

BETA BUSINESS PARK 6549 E 46TH ST TULSA, OK 74145

BAUER & ASSOCIATES / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

37,500 100% $5.25

0 0 YES

YES 20’ NO

MIDTOWN

CORPORATE EXPRESS 4401 S SHERIDAN RD TULSA, OK 74145

TWENTY-FIRST PROPERTIES, INC. / 918-743-4300 2121 S. COLUMBIA, SUITE 650 TULSA, OK 74114

45,102 44.2% $3.75

25,163 25,163 YES

(3)12’X12’ DH (2)12’X12’ DI VARIES NO

MIDTOWN

CROSSTOWN DISTRIBUTION/COLD STORAGE 6511 E. 44TH ST., TULSA, OK 74145

NAI PETROUS, INC. / DANNY OVERTON / 918-745-1133 5810 E. SKELLY DR., SUITE 1400 TULSA, OK 74135

98,000 0% $9.50

40,000 98,000

12 DRY, 5 COLD 18-26 FT NONE

MIDTOWN

EXPRESSWAY TRADE CENTER 4304-4328 S MINGO RD TULSA, OK 74146

VENTURE PROPERTIES / MIKE MCLANE / 918-747-8700 4835 S. PEORIA, SUITE 20 TULSA, OK 74105

27,500 81.4% $6.50

5,110 5,110 NO

MIDTOWN

FLEX SPACE 4401 S SHERIDAN RD TULSA, OK 74145

TWENTY-FIRST PROPERTIES, INC. / DAVID HOLT / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

102,214 0% $3.50

102,214 102,214 YES

4 16-22’ NO

MIDTOWN

MAXIM BUSINESS PARK 43RD ST & MINGO RD TULSA, OK 74146

BAUER & ASSOCIATES / LARRY MANLEY / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

107,387 90.2% $8.25

3,478 10,489 NO

GRADE LEVEL 12’ NO

MIDTOWN

MAXIM CENTER 4717-4733 S MEMORIAL TULSA, OK 74145

CB RICHARD ELLIS/OK / JIM BROWN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

40,800 74.1% $8

7,721 10,555 YES

DOCK HIGH & GRADE LEVEL 14’ NO

MIDTOWN

MAXIM PLACE 6701-6715 E 41ST ST TULSA, OK 74145

CB RICHARD ELLIS/OK / JIM BROWN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

33,750 71.5% $8.25

9,616 9,616 YES

GRADE LEVEL 14’ NO

MIDTOWN

MINGO TRADE CENTER 9522 E 47TH PL TULSA, OK 74145

NAI PETROUS, INC. / MAX HEIDENREICH / 918-745-1133 5810 E. SKELLY DR., SUITE 1400 TULSA, OK 74135

41,650 56.4% $7.50

4,774 18,146 YES

BTS 11’7” NO

MIDTOWN

SANDERS COMMERCIAL CENTER 7601 E 46TH ST TULSA, OK 74145

55,310 55.8% $3.75

24,468 24,468 YES

DOCK HIGH & DRIVE IN 21’ NOF

MIDTOWN

SPACE CENTER

• • • • • • • •

7001, 7101, 7201 East 38th Street

Contact: James D. Hill, SIOR, CCIM CB Richard Ellis|Oklahoma, 918-665-3830

Part of the CBRE affiliate network MIDTOWN

SPACE CENTER 7001-7287 E 38TH ST TULSA, OK 74145

7,500-93,750 Square Feet Custom Ofﬁce Finish-Out Available Dock and Grade Level Doors 18’ Vertical Clearance (under Joists) 50’x50’ Column Spacing 150’ Deep Bays (50’ x 150’) Concrete Tilt Wall Fully Sprinklered

INDUSTRAIL | SEE ZONES PAGE 25

MIDTOWN

CB RICHARD ELLIS/OK / JAMES HILL, JR. / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

495,000 85.3% $4

30,000 72,750 YES

GRADE LEVEL & DOCK HIGH 18’ YES

NOTE EXPANDED LISTING 59

PROJECT NAME ADDRESS CITY / STATE / ZIP MIDTOWN

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SUNBELT PLAZA

SIZE (RSF) OCCUPANTCY RENT RATE

• • • •

43rd & Memorial

CONT. SPACE TOTAL AVAIL. SPRINKLERED

LOADING DOORS CLEAR HEIGHT RAIL SERVICE

Prime Location Located at 43rd & Memorial Excellent Access to Broken Arrow Expressway Excellent Ofﬁce and Warehouse Space

Contact: George O’Connor or Bill Buchanan Mid America Realty, Inc., 918-299-0100

MIDTOWN

SUNBELT PLAZA 4343 S MEMORIAL TULSA, OK 74133

MID AMERICA REALTY, INC / GEORGE O’CONNOR / 918-299-0100 10125 C. S. SHERIDAN, TULSA, OK 74133

62,550 77.9% $5.50

2,295 13,840

MIDTOWN

THE TRADE CENTER 7739-43 E 38TH ST TULSA, OK 74145

CB RICHARD ELLIS/OK / SHAWNA HALE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

32,800 96.3% $6

1,200 1,200 NO

DRIVE-IN DOORS

MIDTOWN

TULSA BUSINESS PARK 7202-7378 E 38TH ST TULSA, OK 74145

CB RICHARD ELLIS/OK / SHAWNA HALE / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

204,600 85.2% $5

8,800 30,250 NO

GRADE LEVEL & DOCK HIGH 16’ - 18’ NO

MIDTOWN

TULSA DISTRIBUTION CENTER 4477 S 70TH E AVE TULSA, OK 74145

CB RICHARD ELLIS/OK / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

458,290 87.3% $3.15

58,385 58,385 YES

DOCK HIGH / DRIVE IN VARIES YES

INDUSTRAIL | SEE ZONES PAGE 25

NORTH NORTH

11324-11326 E. APACHE 11324-11326 E APACHE TULSA, OK 74116

324,000 0% $3.50

324,000 324,000 YES

20 30’ NO

NORTH

1617 N. 93RD E. AVE. 1617 N 93RD E AVE TULSA, OK 74115

45,000 0% $3.25

45,000 45,000 YES

DOCK HIGH 22’ NO

NORTH

2650 N. SHERIDAN 2650 N SHERIDAN RD TULSA, OK 74115

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

40,000 75% $4.50

10,000 10,000

GRADE 16’ NO

NORTH

2700 N. SHERIDAN 2700 N SHERIDAN RD TULSA, OK 74115

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

81,000 93.8% $4.75

2,500 5,000 NO

GRADE, DOCK 14’ NO

NORTH

AIRPORT OFFICE/WHSE PROPERTY 2231 N SHERIDAN RD TULSA , OK 74115

WOLF GROUP PROPERTIES, LLC / HOWARD WOLF / 918-584-1425 320 S. BOSTON AVE., STE. 202, TULSA, OK 74103

29,680 63.6% $5.50

4,000 10,800

DRIVE IN / 14’ ROLL UP DOOR 16’

NORTH

BRADEN MANUFACTURING 5199 N MINGO RD TULSA, OK 74117

CB RICHARD ELLIS/OK / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

39,300 100% $3

0 0 NO

DRIVE IN 20’-32’ NO

NORTH

BRANIFF PARK WEST 10502 - 10626 E PINE ST TULSA, OK 74116

CB RICHARD ELLIS/OK / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

259,888 95.5% $4.15

11,669 11,669 YES

DOCK DOORS & DI 21’ NO

NORTH

HANGAR 31 3315 N MEMORIAL TULSA, OK 74115

CB RICHARD ELLIS/OK / BOB PIELSTICKER / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

31,380 0% $5

31,380 31,380

35’

NORTH

MIDTOWN INDUSTRIAL CENTER 1024 N LANSING TULSA, OK 74106

TRABAND REALTY / ROBERT TRABAND / 918-629-1988 P. O. BOX 869 TULSA, OK 74101

33,000 100% $4.15

0 0 NO

BOTH DOCK & DRIVE IN 16’ NO

NORTH

TFP AIRPORT DISTRIBUTION CENTER 8831 E PINE TULSA, OK 74115

TWENTY-FIRST PROPERTIES, INC. / DAVID HOLT / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

120,000 100% $0

0 0 YES

8 25’ NO

NORTH

• • • • • • •

PINE STREET INDUSTRIAL PARK 105th East Avenue & Pine Street

Part of the CBRE affiliate network

NORTH

PINE STREET INDUSTRIAL PARK 1408 N 105TH E AVE TULSA , OK 74116

4,786-9,597 SF + Drive-In and Dock Doors 16’ Clear Height Small Yard Concrete Paving & Ample Ofﬁce Parking 2 Miles From Tulsa International Airport Immediate Access to Hwy 169 and I-244

Contact: Dwayne Flynn, SIOR, CCIM or Bill Mizener, SIOR CB Richard Ellis|Oklahoma, 918-665-3830 CB RICHARD ELLIS/OK / DWAYNE FLYNN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

150,330 83% $6.50

9,597 25,605 NO

OH & DOCK DOORS 16’ NO

NOTE EXPANDED LISTING 60

2 0 1 4 N A I O P T U L S A C O M M E R C I A L P R O P E RT I E S – I N D U S T R I A L

PROJECT NAME ADDRESS CITY / STATE / ZIP

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) OCCUPANTCY RENT RATE

CONT. SPACE TOTAL AVAIL. SPRINKLERED

LOADING DOORS CLEAR HEIGHT RAIL SERVICE

64,457 0% $2.80

64,457 64,457

24’

NORTHEAST NE

2201 E.L. ANDERSON BLVD 2201 EL ANDERSON BLVD CLAREMORE, OK 74107 • • • • • • • •

AIRPARK DISTRIBUTION CENTER 11401, 11427, & 11605 E 27th Street North

20,000 to 100,000 SF Available One mile east of Airport Easy Truck Access via US Hwy 169 Dock High and Drive-In Loading 30’ Ceiling Clearance ESFR Fire Suppression Highway 169 Exposure Large Concrete Truck Courts

Contact: Patrick Coates, CCIM, 918-610-0700 Coates Commercial Properties, LLC www.coatesproperties.com AIRPARK DISTRIBUTION CENTER I 11401 E 27TH ST N TULSA, OK 74116

COATES COMMERCIAL PROPERTIES / PATRICK COATES / 918-292-8510” 4111 S. DARLINGTON, STE 640, TULSA, OK 74135

1,200 94.8% $4.50

100,000 5,200 YES

DOCK HIGH & RAMP ACCESS 30’

AIRPARK DISTRIBUTION CENTER II 11427 E 27TH ST N TULSA, OK 74116

COATES COMMERCIAL PROPERTIES / PATRICK COATES / 918-292-8510” 4111 S. DARLINGTON, STE 640, TULSA, OK 74135

100,000 0% $4.50

100,000 100,000 YES

DOCK HIGH & RAMP ACCESS 30’

AIRPARK DISTRIBUTION CENTER III 11605 E. 27TH ST. N. TULSA, OK 74116

COATES COMM. PROP. / PATRICK COATES / 918-610-0700 9726 E 42ND ST., SUITE 100, TULSA, OK 74146

100,000 100% $4.50

0 0 YES

DOCK HIGH & RAMP ACCESS 30’

AIRPORT INDUSTRIAL PARK I 11501 - 11541 E PINE ST TULSA, OK 74146

CB RICHARD ELLIS/OK / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

155,000 95.2% $4.25

7,500 7,500 YES

DOCK HIGH & DRIVE IN 25’ NO

BP EXCHANGE 10828 E NEWTON ST TULSA, OK 74116

BP EXCHANGE, L.L.C. / GORDON SUESS / 918-438-9058 10828 E. NEWTON STREET, SUITE 113 TULSA, OK 74115

173,400 92.6% $4.50

5,100 12,750 NO

GRADE LEVEL 12’ - 16’ NO

BRANIFF PARK EAST 1339-1381 N 108TH E AVE TULSA, OK 74116

BP EXCHANGE, L.L.C. / GORDON SUESS / 918-438-9058 10828 E. NEWTON STREET, SUITE 113 TULSA, OK 74115

67,660 82% $4.75

6,100 12,200 NO

GRADE LEVEL/DOCK HIGH 12’ - 16’ NO

GREEN VALLEY CENTER 11333 E PINE ST TULSA, OK 74116

CB RICHARD ELLIS/OK / DWAYNE FLYNN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

457,245 62.1% $3.50

108,232 173,397 NO

OHD & DOCK DOORS 34’ NO

INTERCHANGE BUSINESS PARK II 10835 E INDEPENDENCE TULSA, OK 74116

CB RICHARD ELLIS/OK / MATT KLIMISCH / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

105,652 100% $3.75

0 0 YES

DOCK HIGH & DRIVE IN 18’ NO

PORT SPEC BUILDING TENKILLER RD CATOOSA, OK 74015

CB RICHARD ELLIS/OK / MATT KLIMISCH / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

44,250 100%

0 0 YES

DOCK HIGH & DRIVE IN 32’ YES

STANLEY BLACK & DECKER 10902 E INDEPENDENCE ST TULSA, OK 74166

CB RICHARD ELLIS/OK / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

14,580 100% $5

0 0 YES

DRIVE IN 16’ NO

VANS GLEN 10816-10840 E NEWTON PL TULSA, OK 74116

PRICE EDWARDS / TANDA FRANCIS / 918-394-1000 8242 SOUTH HARVARD, SUITE I TULSA, OK 74137

53,642 100% $4.85

0 0 0

GRADE 12’ NO

CB RICHARD ELLIS/OK / DWAYNE FLYNN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

238,068 70.7% $3

69,760 69,760

GRADE LEVEL

NORTHWEST NW

PORT CITY METAL SERVICES 3101 CHARLES PAGE BLVD TULSA, OK 74127

YES

INDUSTRAIL | SEE ZONES PAGE 25

SOUTH SOUTH

5171 SO. MINGO ROAD 5171 S MINGO RD TULSA, OK 74146

TWENTY-FIRST PROPERTIES, INC. / DAVID HOLT / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

31,450 100%

0 0 YES

LOADING DOCK / DOORS 28’ CLEAR NO

SOUTH

52ND STREET WAREHOUSE 10008-10050 E 52ND ST TULSA, OK 74146

CB RICHARD ELLIS/OK / DAVID GLASGOW / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

96,480 86.6% $3.75

12,960 12,960 YES

DOCK HIGH 22’ YES

SOUTH

5400 INDUSTRIAL CENTER 5439-5445 S 99TH E AVE TULSA, OK 74146

NEWMARK GRUBB LEVY STRANGE BEFFORT / DAVID LOONEY / 918-481-3200 2021 S. LEWIS , STE 410, TULSA, OK 74104-5710

15,840 100% $3.95

0 0 NO

1 UP TO 21’ NO

NOTE EXPANDED LISTING 61

INDUSTRAIL | SEE ZONES PAGE 25

PROJECT NAME ADDRESS CITY / STATE / ZIP

LEASING CO. / AGENT / PHONE ADDRESS CITY / STATE / ZIP

SIZE (RSF) OCCUPANTCY RENT RATE

CONT. SPACE TOTAL AVAIL. SPRINKLERED

LOADING DOORS CLEAR HEIGHT RAIL SERVICE

SOUTH

55TH PLACE BUSINESS PARK 10404 E 55TH PL TULSA, OK 74146

ADAMS & ASSOCIATES / DAN ADAMS / 918-495-3661 P. O. BOX 2407 BROKEN ARROW, OK 74013

41,160 95% $6.95

2,040 2,040 NO

N/A 16.5’ NO

SOUTH

7181 MINGO CENTER 7181 S MINGO RD TULSA, OK 74133

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

37,400 0% $8

32,000 37,400

GRADE 14’ NO

SOUTH

9999 E. 59TH ST 9999 E 59TH ST TULSA, OK 74146

COATES COMMERCIAL PROPERTIES / ANDERLE KHALED / 918-292-8510 4111 S. DARLINGTON, STE 640, TULSA, OK 74135

82,500 0% $3.55

82,500 82,500 YES

DRIVE IN GRADE LEVEL (1) DOCK HIGH (5) 20’ NO

SOUTH

BRANIFF MART 5401 S SHERIDAN RD TULSA, OK 74145

BP EXCHANGE, L.L.C. / GORDON SUESS / 918-438-9058 10828 E. NEWTON STREET, SUITE 113 TULSA, OK 74115

33,600 66.1% $8

8,400 11,400 NO

10’ X 10’ OVERHEAD 12’ NO

SOUTH

FORD PARTS DISTRIBUTION CENTER 10007 E 61ST TULSA, OK 74146

TWENTY-FIRST PROPERTIES, INC. / DAVID HOLT / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

80,000 100% $0

0 0 YES

YES 24’ NO

SOUTH

IPC BUSINESS PARK 10102-10126 E 54TH ST S TULSA, OK 74146

ADAMS & ASSOCIATES / DAN ADAMS / 918-495-3661 P. O. BOX 2407 BROKEN ARROW, OK 74013

68,660 96.3% $5.25

2,520 2,520 NO

YES 16.5’ NO

SOUTH

MARKET PLACE 8303-8311 E 111TH ST BIXBY, OK 74008

106,900 77.6% $6.50

4,400 23,900

DRIVE IN 16-18’ NO

SOUTH

MARKET PLACE EAST 9436 E 51ST ST TULSA, OK 74146

BAUER & ASSOCIATES / DOUG BAUER / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

26,577 81.3% $8.50

4,981 4,981 NO

YES 12’ NO

SOUTH

MARKET PLACE WEST I 9410 E 51ST ST TULSA, OK 74146

EQUITAS REALTY ADVISORS / MONTY BERRY, CCIM / 918-280-9900 5801 E. 41ST STREET, SUITE 101, TULSA, OK 74135

26,210 100% $9

0 0 NO

GRADE LEVEL 14’ NO

SOUTH

MARKET POINTE SOUTH 111TH ST & MEMORIAL BIXBY, OK 74008

106,900 75.3% $7.50

4,200 26,400 NO

DRIVE IN OVERHEAD DOORS 17’-21’ NO

SOUTH

METRO PARK EAST II 13555 E 61ST ST TULSA, OK 74012

MAPLEOAK INVESTMENTS / DAN GUTERMAN / 918-742-6201 4157 S. HARVARD, STE. 100, TULSA, OK 74135

100,000 100% $4.25

0 0 YES

DOCK HIGH & DRIVE IN 30’ NO

SOUTH

METRO PARK EAST III 13505-13555 E 61ST ST BROKEN ARROW, OK 74012

CB RICHARD ELLIS/OK / MATT KLIMISCH / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

100,000 100% $4.50

0 0 YES

DOCK HIGH 30’ NO

SOUTH

METRO PARK EAST IV 13105 E 61ST ST TULSA, OK 74012

CB RICHARD ELLIS/OK / MATT KLIMISCH / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

57,450 100% $4.50

0 0 YES

DOCK HIGH & DRIVE IN 24’ NO

SOUTH

REGENCY CENTER 5024 S MINGO RD TULSA, OK 74146

TWENTY-FIRST PROPERTIES, INC. / DAVID HOLT / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

28,800 100% $0

0 0 YES

5 24’ NO

SOUTH

SEARS / STATE SERVICE SYSTEMS 10405 E 55TH PL TULSA, OK 74146

TWENTY-FIRST PROPERTIES, INC. / DAVID HOLT / 918-743-4300 2121 S. COLUMBIA, SUITE 650, TULSA, OK 74114

234,010 100% $0

0 0 YES

SOUTH

• • • • • •

SHANNON SQUARE 9433, 9515, 9525 East 51st Street

Retail and Mixed Use Ample Parking Custom Finish Available Grade Level Doors Easy Highway Access Professionally Managed

Contact: Jim Brown, CCIM CB Richard Ellis|Oklahoma, 918-665-3830

Part of the CBRE affiliate network SOUTH

SHANNON SQUARE 9433, 9515, 9525 E 51ST TULSA, OK 74145

CB RICHARD ELLIS/OK / JIM BROWN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

99,100 95% $6.25

4,950 4,950 NO

YES 12’ NO

SOUTH

SKYLAND SOUTH 5130-5161 S 94TH E AVE TULSA, OK 74145

BAUER & ASSOCIATES / DAVID CONVERSE / 918-665-1210 4821 S. SHERIDAN, SUITE 201 TULSA, OK 74145

65,095 93.4% $5.25

4,283 4,283 NO

NONE 16’ NO

TULSA INDUSTRIAL CENTER 5400 S 49TH W AVE TULSA, OK 74107

CB RICHARD ELLIS/OK / DWAYNE FLYNN / 918-665-3830 1401 SO BOULDER AVE., SUITE 100 TULSA, OK 74119-3648

337,594 79.6% $5.50

45,000 69,000

DOCK HIGH & DRIVE-IN

WEST WEST

YES

NOTE EXPANDED LISTING 62

2 0 1 4 N A I O P T U L S A C O M M E R C I A L P R O P E RT I E S – I N D U S T R I A L

NAIOP

2014 Advertisers Index

American Heritage Bank 918-227-8130 P.O. Box 1408 Sapulpa, OK 74066 ahb-ok.com Page 55

Case and Associates 918-492-1983 4200 E Skelly Dr, Suite 800 Tulsa, OK 74135 caseusa.com Page 68

Cyntergy 918-877-6000 320 S Boston Ave Tulsa, OK 74103 cytnergyaec.com Page 6

Arvest Bank 918-631-1041 502 S Main St Tulsa, OK 74103 arvest.com Page 24

CBRE Oklahoma 918-665-3830 1401 S Boulder Ave, Suite 100 Tulsa, OK 74119 www.cbre-ok.com Page 1

Guaranty Abstract 918-587-6621 2705 E 21st St Tulsa, OK 74114 guarantyabstract.com Back Cover

Part of the CBRE affiliate network

Paradigm Realty Advisors 918-665-1900 4500 S Garnett, Suite 600 Tulsa, OK 74146 paradigmtulsa.com Page 7 Price Edwards 918-394-1000 8242 S Harvard Ave, Suite I Tulsa, OK 74137 priceedwards.com Page 44

CityPlex 918-493-8888 2488 E 81st St, Suite 188 Tulsa, OK 74137 tulsatrinity.com Page 19

Hall Estill 918-594-0400 320 South Boston Avenue, Suite 200 Tulsa, OK 74103 hallestill.com Page 13

TechRidge 918-622-3798 9726 E 42nd St, Suite 100 Tulsa, OK 74146 techridgetulsa.com Page 23

Bumgarner Asset Management 918-747-2100 2100 S Utica Ave Tulsa, OK 74144 bamproperties.com Inside Back Cover

Commercial Title 918-556-6336 4739 E 91st St, Suite 200 Tulsa, OK 74137 commercialtitleok.com Page 13

Integra Realty Resources 918-492-4844 1323 E 71st St Tulsa, OK 74136 irr.com Page 55

Tulsa Regional Chamber 918-585-1201 1 W 3rd St Tulsa, OK 74103 tulsachamber.com Page 2

Bank of Oklahoma 918-499-8470 7060 S Yave Ave, Suite 301 Tulsa, OK 74136 bok.com Page 11

Coury Properties 918-583-0201 7134 S Yale Ave, Suite 300 Tulsa, OK 74136 couryprop.com Page 11

KPM 918-581-3300 15 E 5th St, Suite 400 Tulsa, OK 74130 kanbarproperties.com Page 4

Twenty First Properties 918-743-4300 2121 S Columbia Ave, Suite 650 Tulsa, OK 74111 tfptulsa.com Page 23

Bauer & Associates Realtors 918-665-1210 4821 S Sheridan, Suite 201 Tulsa, OK 74145 bauertulsa.com Page 67

Crafton Tull 918-582-0229 220 E 8th St Tulsa, OK 74119 craftontull.com Page 24

Kinslow Keith and Todd 918-744-4270 2200 S Utica Pl, Suite 200 Tulsa, OK 74114 kktarchitects.com Page 17

Bank SNB 918-523-3600 1500 S Utica Ave Tulsa, OK 74104 banksnb.com Page 6

Warren Place 918-492-3400 6100 S Yale Ave, Suite 390 Tulsa, OK 74136 rosemontrealty.com Inside Front Cover

2 0 1 4 M U LT I F A M I LY M A R K E T O V E RV I E W

M U LT I FA M I LY M A R K E T OV E R V I E W

RIDING HIGH

The apartment market is in a good place; a very good place, and the future looks just as good! We are in a strong, healthy market that is going to last for some time. The Tulsa apartment market has made a resounding recovery since the recession levels of 2007- 2009. Apartment living has gained favor with the millennial generation, as well as empty nesters. Since the mortgage financing bust, single family housing has lost market share to the rental market. Demand for rental housing has played a strong role in the dramatic resurgence in downtown Tulsa.

by STEVE GANZKOW 65

RIDING HIGH

Ø Apartment Guide ranked Tulsa as the nation’s No. 1 most budget-friendly metro area (2014)

Investment interest in multifamily appears to be at a historical high. Multifamily currently is the most sought after real estate investment market segment

2014 HAS RESULTED IN A continuation of recent solid economic performance. Strong economic conditions are evidenced by an unemployment rate of approximately 4% and continued gains in job growth. A strong local economy and especially robust job growth are the engines for multi-family occupancy success. Fueling the economic recovery has been the availability of historically low long term fixed rate mortgage financing. Throughout the recovery the Federal agencies (FNMA and FHLMC) provided high levels of liquidity for refinances and acquisition financing. The availability of long term fixed rates below 5% may be a once in a lifetime occurrence. There is money available for the right properties. In addition to the agencies, banks and insurance companies are lending again. However, lenders are very disciplined and that discipline is governing supply and keeping it in balance. For this article I have chosen not include detailed apartment statistics 66

2 0 1 4 M U LT I F A M I LY M A R K E T O V E RV I E W

as there are many locally generated sources of market surveys. I suggest a review of the CBRE/Oklahoma’s Mid-Year 2014 Survey1 summarizing existing market conditions. A review of these strong economic conditions has resulted in an excellent environment for apartment operations. Rents have risen substantially in the 4% to 6% range as occupancy has stabilized and concessions have been eliminated. This combination has resulted in strong improvements in net operating income growth. The Tulsa metro area continues to see somewhat of a new construction boom. Activity includes both urban and suburban properties (CBRE). Supply is in balance with demand and as a result recently completed projects are meeting lease up and rental projections. MULTIFAMILY NEW CONSTRUCTION BY THE NUMBERS (SOURCE: CBRE) At least five suburban multifamily properties should be completed in the Tulsa metro area during 2014 totaling 1,191 units.

Ninety Eight (Owasso) 274 units (opened in April) The Enclave at Brookside (Tulsa) 240 units (opened in August) Reserve at Elm (Jenks) 260 units (opened in June) Crowne Village at Elm Ridge (Broken Arrow) 272 units (opening in August) Cascata Phase II (Tulsa) 145 units (opening in October) At least two suburban multifamily complexes should be completed in the Tulsa metro area in 2015 totaling 637 units. Davis Village (Tulsa) 289 units Grandview Heights (Glenpool) 348 units From 2009 through the end of 2014, 16 suburban apartment complexes will have been completed in the Tulsa metro area totaling 4,688 units, an average of 781 units completed each year.

Right now multifamily is about as good as it gets. How long will this last? It’s hard to predict. I never thought it would get this good, but change is inevitable. Enjoy it while it lasts. In addition to the new suburban construction, there continue to be new projects in downtown Tulsa. Young professionals and baby boomers are paying top-market rents to live in an evolving urban environment. A critical factor is creating a thriving neighborhood for residents to experience and enjoy. Desire for urban living does not come at the expense of suburban living, simply an alternate choice that fits for some but not for others. Tulsa is fortunate to have both. INVESTMENT INTEREST VALUE ADDED Investment interest in multifamily appears to be at a historical high. Multifamily currently is the most sought after real estate investment market segment. Investors are interested in all multifamily property types. Demand is especially strong for class A and urban properties. Supply and demand have reached a point that there are simply not enough properties for sale to satisfy investor demand.When properties become available there is strong interest resulting in multiple offers. Especially desirable are properties that are suitable for “value add” programs. “Value add” programs consist of an acquisition with a commitment to spend $5,000 - $10,000 a unit on interior and exterior upgrades. Interior upgrades consist of vinyl/wood flooring, upgraded lighting, handmade granite countertops, and new kitchen appliances. Exterior enhancements consist of landscaping and updates to common areas, which include leasing and fitness centers, club rooms, spas, and outdoor seating areas. Rental increases result in $100 - $200 a unit, a significant return on new investment. It has been my experience that commercial real estate conditions are a series of cycles, some good, some not so good. Right now multifamily is about as good as it gets. How long will this last? It’s hard to predict. I never thought it would get this good, but change is inevitable. Enjoy it while it lasts. • Permission granted to reference report by David Forrest. The CBRE Mid-Year 2014 Report is available by request to david.forrest@cbre-ok.com.

Case and point. Itâ&#x20AC;&#x2122;s pretty simple. At Case & Associates Commercial, business is easy. We have the best deals in the market and can move faster than any other property management company. Working with someone else...whatâ&#x20AC;&#x2122;s the point? Visit caseusacommercial.com commercial.com for a complete listing of current properties.

c a s e U S A c o m m e r c i a l . c o m

Complete Land Title Service • Abstracts Title Insurance • Escrow Closings Commercial Closing Department Arlene Phillips • 918-382-1610 Carla Hall • 918-382-1611 Representing: Fidelity National Title Insurance Company • Chicago Title Insurance Company Commonwealth Land Title Insurance Company Old Republic National Title Insurance Company

Corporate 918-587-6621 • South Tulsa 918-496-9090 • Midtown Tulsa 918-749-2200