{"id":1004605634,"date":"2022-10-06T06:39:23","date_gmt":"2022-10-06T14:39:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004605634"},"modified":"2022-12-08T17:07:28","modified_gmt":"2022-12-09T01:07:28","slug":"real-capital-solutions-sells-oklahoma-office-asset-for-47m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/real-capital-solutions-sells-oklahoma-office-asset-for-47m\/","title":{"rendered":"Real Capital Solutions Sells Oklahoma Office Asset for $47M"},"content":{"rendered":"
\"\"<\/a>

616 N. Broadway Ave. Image courtesy of Newmark<\/p><\/div>\n

Real Capital Solutions<\/strong> has sold the Heartland<\/strong> Payment<\/strong> Systems’<\/strong> headquarters, an 111,503-square-foot office building in downtown Oklahoma City, for $47 million. Newmark<\/strong> worked on behalf of the seller, while Syndicated<\/strong> Equities<\/strong> was the buyer. The Class A property previously traded in 2020, when the current seller purchased it for $40.8 million, CommercialEdge data shows.<\/p>\n

Located at 616 N. Broadway Ave., the asset is a build-to-suit facility for Heartland Payment Systems, the subsidiary of Global<\/strong> Payments<\/strong> Inc. <\/strong>Still the sole occupant of the seven-story property, Heartland net-leases the building<\/a> that dates back to 2020 and includes first-floor retail space.<\/p>\n

The property is situated between Automobile Alley and Bricktown districts, close to Interstate 235 and Highway 77, offering access to various dining and shopping availabilities.<\/p>\n

Newmark Executive Managing Directors Ken Hedrick and Jerry Hopkins, Vice President Vickie Knotts and Senior Managing Director Andrew Ragsdale worked on behalf of the seller, while Senior Managing Director Andrew Ragsdale provided assistance during the negotiations.<\/p>\n

Oklahoma City offers a business-friendly environment with a diverse local economy, and has experienced good population growth for the past decade, said Hedrick, in prepared remarks. The metro has attracted corporate relocations and expansions, involving companies such as Boeing, Continental Resources, Devon Energy or Skydweller Aero, according to Newmark.<\/p>\n","protected":false},"excerpt":{"rendered":"

The net-leased property previously traded for $40.8 million in 2020.<\/p>\n","protected":false},"author":2991,"featured_media":1004605638,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21747],"tags":[51733,50999,37909],"class_list":["post-1004605634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-office","tag-ken-hedrick","tag-newmark","tag-real-capital-solutions"],"acf":[],"yoast_head":"\nReal Capital Solutions Sells Oklahoma Office Asset for $47M - CPE<\/title>\n<meta name=\"description\" content=\"Syndicated Equities bought Heartland Payment Systems' headquarters building, an 111,503-square-foot office property in downtown Oklahoma City.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/real-capital-solutions-sells-oklahoma-office-asset-for-47m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Real Capital Solutions Sells Oklahoma Office Asset for $47M\" \/>\n<meta property=\"og:description\" content=\"Syndicated Equities bought Heartland Payment Systems' headquarters building, an 111,503-square-foot office property in downtown Oklahoma City.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/real-capital-solutions-sells-oklahoma-office-asset-for-47m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-06T14:39:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:07:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/616-North-Broadway-Avenue-e1664974600810.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1185\" \/>\n\t<meta property=\"og:image:height\" content=\"888\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/real-capital-solutions-sells-oklahoma-office-asset-for-47m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/real-capital-solutions-sells-oklahoma-office-asset-for-47m\\\/\"},\"author\":{\"name\":\"Simona Tudose\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/4659e2337f06b61cefc6b0b897d183a4\"},\"headline\":\"Real Capital Solutions Sells Oklahoma Office Asset for $47M\",\"datePublished\":\"2022-10-06T14:39:23+00:00\",\"dateModified\":\"2022-12-09T01:07:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/real-capital-solutions-sells-oklahoma-office-asset-for-47m\\\/\"},\"wordCount\":224,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/real-capital-solutions-sells-oklahoma-office-asset-for-47m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/10\\\/616-North-Broadway-Avenue-e1664974600810.jpg\",\"keywords\":[\"Ken Hedrick\",\"Newmark\",\"Real Capital Solutions\"],\"articleSection\":[\"Investment\",\"News\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/real-capital-solutions-sells-oklahoma-office-asset-for-47m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/real-capital-solutions-sells-oklahoma-office-asset-for-47m\\\/\",\"name\":\"Real Capital Solutions Sells Oklahoma Office Asset for $47M - 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