Firm Expanding into 101K of Industrial SpacePublished: Tuesday, April 27, 2010 7:00 am By: Ben Johnson
Video Product Distributors has leased 101,350-sq.-ft. of industrial space in Oklahoma City.
The Folsom, Calif.-based company will occupy space at 7501 SW 29th St. in the Will Rogers Business Park north of the Will Rogers World Airport, about one mile south of Reno Avenue off Council Road. The deal is for six years.
The company presently owns a 50,000 sq. ft. facility at 4801 South Council Road in OKC and leases space in two other buildings.
"This will be an expansion for them," says Randy Lacey, an industrial broker with Grubb & Ellis/Levy Beffort who represented Video Product Distributors. "They were looking to buy but couldn't find anything they liked."
The building includes 24-foot ceilings and the quoted rent was $2.75 per sq. ft. Lacey says the tenant will seek to sell its existing property and make improvements in its new building, including adding an outdoor truck court, office buildout and extra parking for its 70 employees.