пятница, 27 июня 2008 г.

Oklahoma City-Area Industrial Park to Unveil Expansion Plans Today

Details of expansion under way at Mid America Business Park will be revealed today by the Texas owner-developer.

The expansion includes a large warehouse-distribution center and a three-story, 58,000-square-foot office building, real estate sources say.

Local representatives of the industrial park, south of Interstate 240 between Sooner Road and Air Depot Boulevard, declined to give details before an announcement to be made today.

Dirt work is visible at the industrial park. A sign at what appears to be the warehouse site indicates that it is a build-to-suit project -- that is, a center for a specific tenant, rather than a speculative building.

Wichita, Kan.-based Key Construction has a construction trailer on site. Key Construction is proceeding in a joint venture with a Texas developer, a local source said.

Last July, owner Burk Collins, an Oklahoma native now based in the Dallas-Fort Worth, Texas, area, said he planned to spend $12 million to eventually quadruple the space at Mid America Business Park, which was started by W&V Properties in 1998.

Collins paid $13 million for the park last year. Most tenants have some connection to General Motors or Tinker Air Force Base. Collins said then he planned five more buildings.

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