Tom Fields, a 23 year veteran of the firm’s office leasing team, has completed two leases totaling approximately 47,000 square feet at the Five Corporate Plaza office building. The building had been vacated by the Bureau of Indian Affairs leaving the building only 8% leased; these two transactions will bring occupancy to 100%.
The Department of Homeland Security will occupy just under 17,000 square feet. Fields worked with Homeland Security officials and Ray McNeely who leads the Price Edwards & Company construction division, to develop and price a complex set of specifications. The process of negotiating business terms, finalizing the lease document, coming up with an approved construction plan, and building out the space took roughly 18 months.
Also finalized was a lease with the Oklahoma Insurance Department which will relocate from Shepard Mall. It will occupy two floors comprising 33,000 square feet. This move will allow the agency to better serve both consumers and regulated entities more effectively, as well as provide enhanced security for its employees and visitors.
Price Edwards & Company will manage the building, as well as its sister building, Three Corporate Plaza, which were both purchased by an investor group in November, 2009.