March 13, 2020
TAG Multifamily LLC, headquartered in Grand Junction, CO, acquired Remington Tower, a 19-story, 90,000 square-foot building in Tulsa, OK. The new owner bought the property from TPG Investments LLC, with plans to convert it into luxury apartments. TAG plans to launch the project by mid-April 2020, and the first apartments will be available within a year.
Raymond Lord and Benjamin Davis with SVN Oak Realty Advisors brokered the transaction. The sales price was not disclosed.
The vacant office building at 5810 E. Skelly Dr. delivered in the early 1980s, and was damaged by an EF-2 tornado in August 2017; tenants were relocated to other places. Since that time, ownership had been trying to find the best solution for the property.
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Tags: Acquisition, Apartments & Multifamily, Office, Renovation
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