Rosemont Realty Acquires Oklahoma's Two Largest Office Buildings
One Warren Place and Two Warren Place add One Million Square Feet of Class A Office Space to Rosemont Realty's growing portfolio
Nov 01, 2012, 04:37 ET
SANTA FE, N.M., Nov. 1, 2012 /PRNewswire/ -- Rosemont Realty, LLC, a leader in commercial real estate acquisition and management with holdings of approximately 16 million square feet of commercial office space at a value exceeding $1.5 billion, has acquired One Warren Place and Two Warren Place in Tulsa, Okla.
The two Warren Place towers were acquired from Parmenter Realty Partners on Oct. 31 for an undisclosed amount, adding more than one million square feet of Class A office space to Rosemont Realty's portfolio. Rosemont Realty Services will provide asset management, leasing, sales and property management services for the Warren Place acquisition. The two buildings are currently leased at 96 percent occupancy.
Located at 6100 South Yale in Tulsa, the two award-winning towers are part of the 52-acre Warren Place complex.
One Warren Place is a 20-story, 466,424 square foot suburban office tower, built in 1983. Two Warren Place is a 19-story, 487,085 square foot office building, built in 1987. Two Warren Place is the largest suburban office building in Oklahoma, and One Warren Place is the second largest suburban office structure in the state.
"Rosemont is strategically entering the Tulsa market with the acquisition of One Warren and Two Warren," said Daniel Burrell, CEO of Rosemont Realty. "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 almost four million square feet of Class A and Class B office space valued at more than $500 million in the past 12 months.
About Rosemont Realty, LLC
Headquartered in Santa Fe, New Mexico, Rosemont Realty, LLC, is a market leader in commercial real estate acquisition and asset management. The company has approximately 16 million square feet in more than 165 office buildings in 25 states across the United States, valued at more than $1.5 billion.
Founded in 1991, Rosemont Realty has eight regional offices in Albuquerque, Atlanta, Dallas, Denver, Houston, New York, San Antonio and Washington, D.C. For more information, please visit RosemontRealty.com.
SOURCE Rosemont Realty, LLC
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