Tulsa Transition Church acquires Unit Corporation building for US$35 million local business news
The Unit Corporation building was filmed Wednesday near 81st Street and Union Avenue west of Tulsa. The building has been sold to Transformation Church in Tulsa for $35 million.
The picture shows the Unit Corporation building near West 81st Street and Union Avenue in Tulsa. The building has been sold to Transformation Church in Tulsa for $35 million.
The local Transformation Church purchased the Unit Corporation building, 8200 S. Unit Drive, for 35 million U.S. dollars.
Newmark Robinson Park brokers Rick Guild, Dilon Argo, and Brad Rice handled the sale of the energy company’s 196,350-square-foot corporate headquarters, which is located on 81st Street and Union Avenue west of Tulsa. The company developed the structure in 2016 and will remain an important tenant of the building.
Unit chairman and CEO Philip B. Smith (Philip B. Smith) said that the sale of this six-story building allows Unit to repay the debt balance and have additional liquidity to deploy high-return opportunities.
"The sale of the headquarters building further strengthened our financial position," Smith said in a statement.
KKT Architects designed the building, which includes a conference center with skylights, a security room, and a four-story car park connected to the building by a closed walkway.
The husband and wife lead pastor Michael and Natalie Todd took over the operation of the Transformation Church from its founder, Bishop Gary Mackintosh, in 2015, who has operated the church for 15 years. In recent years, as the church has expanded, it has increased its real estate portfolio.
In August 2019, Transformation purchased the empty Spirit Bank activity center at 10441 S. Regal Blvd. $10.5 million. Following the acquisition of the PostRock Plaza retail center (10438 S. 82nd E. Ave.) surrounding the event center for USD 20.5 million in 2020.
Guild said in a statement: "This sale puts the church in a leading position in the continued growth of southern Tulsa and provides Unit Corp. with the opportunity to retain two floors of office space." "This transaction is for both parties. It's all a win-win situation."
A Specialty Box manufactures and distributes high-end gift packaging for the confectionery, cosmetics, jewelry, medical and food industries. Cynthia Calvert-Copeland founded the company at 12437 E. 60th St. in 2000.
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Access Optics in Broken Arrow designs, manufactures and assembles lenses for miniature cameras and medical equipment (such as endoscopic equipment).
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APSCO (or Air Power Systems Co.), located at 8178 E. 44th St., designs and manufactures cylinders, controls, and valves to turn trucks into garbage trucks, snow sweepers or heavy lifting equipment.
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Enovation Controls in Tulsa manufactures engine control systems for natural gas-powered vehicles, power generation and other machinery. The company was founded in 1939 by Frank W. "Pat" Murphy, originally named FW Murphy Co., and was renamed after the merger with EControls in 2009. In 2015, the company launched a completely refurbished trailer that was part of the company's original sales team.
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Gardner Denver produces pumps for horizontal drilling at its Tulsa plant near 46th Street and Memorial Avenue.
GasTech performs process engineering, design, and manufacturing for the natural gas, oil production, refining, petrochemical, and industrial gas markets.
Glacier Confection has been producing high-end chocolate in Tulsa since 2010, and has expanded from classic flavors such as peanut butter and caramel to exotic flavors such as green tea chai and watermelon feta. The company has an office in the Tulsa Arts District and a store in Utica Plaza.
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