Oklahoma City Leased-Up Office Trades for $47 Million

The Heartland Payment Systems Headquarters building, a newly constructed, 111,503-square-foot, Class A office building in downtown Oklahoma City was sold to Syndicated Equities for $47 million. The property is 100% net-leased to Heartland, a payment processing and technology provider.

A Newmark team led by Ken Hedrick represented the seller, Real Capital Solutions, “Oklahoma City has experienced tremendous population growth over the past ten years as the city’s economic development team has succeeded in diversifying the local economy, recruiting new companies and investing in the city’s infrastructure.” Among the recent economic development wins for Oklahoma City are Devon Energy, Boeing, Continental Resources, Skydweller Aero, and Costco, all announcing relocations and expansions.

Located at 616 North Broadway Avenue in the heart of downtown Oklahoma City, the property was built-to-suit for Heartland Payment Systems headquarters operations, completing construction in 2020.