State Land Office is working on the purchase of an office building in downtown Tulsa | Local business news

The Executive Center building is located at 201 W. Fifth St. in Tulsa.


From staff reports

Land Office commissioners on Thursday approved five land deals to help fund an office building in Tulsa.

Commissioners voted Oct. 8 to authorize Land Office Secretary Elliot Chambers Commissioners to spend up to $9 million—or appraised value, whichever is lower—on the purchase of 201 W. Fifth St and/or 419 S. Denver Ave. in Tulsa, as well as all associated acquisition costs, exchange properties and money, if necessary.

The West Fifth Street property, also known as 201 Executive Center, is listed as 82,354 square feet with 138 parking spaces. The six-story building was constructed in 1975. It currently houses Workforce Tulsa and the Tulsa Housing Authority, along with several other businesses. The South Denver Avenue property is a parking lot about 400 yards away.

The commission voted unanimously Thursday to approve the following: an exchange of a 2,722-acre parcel in Oklahoma County on which sits a cluster of warehouses leased by the Office of Management and Enterprise Services; an exchange of approximately 20 acres valued at $1.82 million in Pottawatomie County; and an exchange of approximately 25.6 acres in Canadian County.

The commission also voted in favor of an exchange of approximately 39.98 acres worth $770,000 in Canadian County and an exchange of approximately 70 acres worth $8,000 l acre in Lincoln County.

Gregory M. Roy