The Cushman & Wakefield Advantage

For more than 20 years, Commercial Oklahoma has blazed the trail for commercial real estate services in both Tulsa and Oklahoma City. With an acute knowledge of the market and expertise in landlord representation, investment sales, sale-leasebacks and more, we have successfully managed hundreds of transactions, changing the landscape of Oklahoma’s businesses. Whether it’s the shape of a city skyline or the shape of a client’s expanding staffing needs, we are relentless in our pursuit of growing Oklahoma’s economy. After all, this is our home. Because this is where we live, work and play, we are invested in seeing success.   

Commercial Oklahoma brings a team of experts to the table for our clients, whether they are searching for office space, an industrial warehouse, a multi-family property or a retail front. In 2009, we expanded on our localized expertise by becoming part of the Cushman & Wakefield Alliance. This partnership brought an extended geographic reach for our clients and industry-leading, comprehensive services.    
The Alliance is made up of rigorously vetted, independently owned firms – like Commercial Oklahoma – from all around the world. Utilizing the Alliance’s suite of specialized systems allows us to bring powerful results to our clients and further the commercial real estate market in Oklahoma City and Tulsa. 

Working with Commercial Oklahoma, clients can be assured of exceptional advantages, including:

A strong bias for action.

Our partnership allows for agility in the marketplace, fosters teamwork and expands our resourcefulness, allowing for a rapid delivery of effective, timely solutions.

A rigorous focus on results.

All the work in the world doesn’t matter if you don’t see results. We hold our team to the highest standards and are committed to producing exceptional outcomes for our clients.

Insight-minded value.

Through Cushman & Wakefield’s analytics and reporting, we empower our team to dive deep while understanding the impact of global events and drivers of our local market. This allows us to make smart decisions that yield the highest value for our clients.

The right people powered by the right platform.

Our local market expertise and state-of-the-art systems allow us to integrate with the full capacity of Cushman & Wakefield’s resources, delivering the most effective solutions to our clients every time.

Simply put: the Cushman & Wakefield Alliance empowers our team to help you find what’s next. To learn more about how you can put our team to work for you, contact us today.

BOK will anchor new tower in OKC

The move to the 27-story building will unite BOK’s operations.

The Oklahoman

Sep 11, 2015

The state’s largest bank announced Thursday it is going to consolidate its Oklahoma City operations and become the name anchor tenant in a 27-story tower being built at 499 W. Sheridan Ave.

Bank of Oklahoma joins Devon Energy Corp. as the two main tenants in the building, which will be named BOK Park Plaza. The move will involve 111 employees who already work downtown at BOK Plaza, 201 Robert S. Kerr Ave., and 124 employees who work at the Commerce Center building, 9520 N. May Ave. in northwest Oklahoma City.

John Higginbotham, Oklahoma City CEO for BOK, made the announcement to employees about 8:30 a.m. Thursday.

“We are excited to have the opportunity to bring a large number of our Oklahoma City employees together into one space and we feel confident it will create new synergies and foster more collaboration within our workforce,” Higginbotham said. “This will ultimately result in a more cohesive BOK team and provide greater resources and efficiencies to our clients. This relocation represents an investment by BOK in the community and the ongoing renaissance taking place downtown.”

Higginbotham said the relocation also will involve the move of its banking branch to the ground floor at 499 W Sheridan. The company is expected to occupy a total of 100,000 square feet, including the top four floors of the new tower.

“We’re excited about having that presence in the skyline,” Higginbotham said. “As we thought about the name, we liked the idea of the park being built nearby and the renaissance we’re seeing … we look at Oklahoma City as a high-growth area.”

Bank of Oklahoma has operations in eight states, its assets total $31 billion, and it is among the top 40 financial institutions in the United States.

BOK Park Plaza is being developed by Hines and designed by architect Jon Pickard, who previously teamed up with Devon Energy on construction of Devon Energy Center. Leasing for the property will be handled by Mark Beffort, CEO of New-mark Grubb Levy Strange Beffort. Travis Mason with Commercial Oklahoma assisted Bank of Oklahoma in securing the lease.

“BOK Park Plaza is a welcome addition to the Oklahoma City skyline,” Beffort said. “Its design and infrastructure are an excellent complement to the recently completed Devon Tower. Bank of Oklahoma’s occupancy will lead what we expect to be a diverse and outstanding tenant base and amenities.”

The announcement coincides with implosions set for this Sunday for the last two remaining structures on the new tower site — the former Hotel Black and the Motor Hotel.

Beffort said he’s not worried about the vacant space that will be created by the move out of BOK Plaza, noting Class A office vacancy is at 3.8 percent.

“It’s going to empty out about 75,000 square feet,” Beffort said. “When you look at our total base, over 8 million square feet, it’s less than 1 percent. It is first-floor space and it will be very desirable for office and other types of uses. If I owned that building, I’d think I could find an alternative use in a short period of time.”

Rainey Williams, who owns BOK Plaza, said he was anticipating the announcement.

“We have known that BOK intended to move for some time,” Williams said. “While we are disappointed to see them leave, their space was significantly reduced at the time of our purchase in 2007 and the majority of the building is occupied by a diverse group of other tenants. We are confident that we will be able to fill the space in due course.”

Link to original publication here.