Greater Oklahoma City is in the geographic center of North America equidistant from the east and west coasts and major trade partners of Canada and Mexico. The ten county region is at the crossroads of the U.S., sitting at the heart of three major national highways on the NAFTA corridor.
There's a reason Greater Oklahoma City is such a great place for business: Location. The ten county region is positioned within a day's drive of the rapidly-growing south-central region (OK, TX, AR, LA) projected to grow more than 44% during the next 25 years.
"When we began our nationwide search, we sought a welcoming community with a skilled workforce and vital economy. We found all that and more in Oklahoma City."
- Paula Downey, President, AAA of Northern California, Nevada and Utah
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.