Rosemont Realty, LLC has reportedly acquired One Warren Place and Two Warren Place in Tulsa, Okla. Formerly owned by Parmenter Realty Partners, the two properties are the two largest in Oklahoma. No terms were disclosed at the the amount of the sale.
Rosemont Realty already owns or manages some 16 million plus square feet of commercial office space valued at over $1.5 billion. This deal adds a total of more than one million additional feet of prime office space to Rosemont's portfolio. According to the news release, the two properties are leased at 96 percent occupancy currently.
Located at 6100 South Yale, Tulsa, the two towers are part of the 52-acre Warren Place complex there. One Warren Place is a 20 story affair of nearly half a million square feet, while Two Warren consists of another 487,000 plus square feet spread across 19 floors. Daniel Burrell, CEO of Rosemont Realty, offered this about the sale:
"Rosemont is strategically entering the Tulsa market with the acquisition of One Warren and Two Warren. Tulsa's fast growing energy and natural gas sectors along with its increasingly diverse local economy makes this a compelling investment opportunity for the company."
Rosemont Realty has acquired nearly four million square feet of Class A and Class B office space in the last year. For more information about this or other deals by Rosemont Realty, please visit their website or view the original press release here.