When will Enable Midstream move in and what’s going to happen with their space in Leadership Square?

When will Enable Midstream move in and what’s going to happen with their space in Leadership Square?

July/August 2019

Leadership Square fills up relatively quickly. They are improving the space readying it for new tenants.

I've seen the lights on in the lower floors at BOK PP at night while coming into downtown. I figured they were getting those ready for Enable. I'm anxious to see what other companies eventually move in there.

So it's 3/4 empty still?

So it's 3/4 empty still?

I think when Enable moves the building will have 16 of the 27 floors full.

12 full. 15 empty.

So Half empty. That don't seem good

So Half empty. That don't seem good
Speculative large office buildings rarely open up and fill right away. There isn’t a huge amount of transient companies who can ignore their current leases and just move. It will fill as leases expire elsewhere. However large contiguous spaces in class A space can encourage relocations from elsewhere. We can hope.

So Half empty. That don't seem good

I doubt BOK is starving for quick, short-term leases for prime office space. Enable is a stable tenant that will stay in that building for many years.

Remember, Devon Energy was originally to lease 250,000 square feet, but that didn't happen. I think that is what spurred the development of the tower in the first place.

Yeah I think the fact that almost half the building is occupied (or soon to be occupied) is a good sign. Devon was supposed to fill a lot of that space and then didn't. If this building is full or nearly full some time within the next 5 years, I'd say that's a big success.

Well, Devon built that building and turned it over to be leased out to CBRE.

Taken this morning, clearly shows the 7 floors of Enable space being built out and the 4 BOK floors at the top.

http://www.okctalk.com/images/pete/bok041519a.jpg

I don't know how good this is for Enable to be moving to BOK Park Plaza, as it will leave space at Leadership Square. This would just be a wash in office space for the CBD, we need new tenants to come to the CBD & lease new space.

I don't know how good this is for Enable to be moving to BOK Park Plaza, as it will leave space at Leadership Square. This would just be a wash in office space for the CBD, we need new tenants to come to the CBD & lease new space.

Leadership Square, more than any other building downtown, never has a problem finding new leases.

Enable is only taking 15-20 (6 floors). I'm assuming the extra floor is work area for the contractor.

Enable has pretty much fully moved into their new space in this building.

Will be interesting to see how quickly they can fill the hole left at Leadership Square.

The crown of BOK was doing some interesting lighting last night. Royal blue, red, yellow, green, flashing, fading colors, etc.

The crown of BOK was doing some interesting lighting last night. Royal blue, red, yellow, green, flashing, fading colors, etc.

Damn, I'm disappointed I missed this.

Devon would do something similar from time to time at the beginning of 2018 and it was really, really nice.

Probably getting ready for the holidays, to coordinate with Devon and the Myriad Gardens.

Gable & Gotwals law firm is moving from Leadership Square to BOK Park Plaza.

I believe they are taking about 3/4 of the 22nd floor.

Gable & Gotwals law firm is moving from Leadership Square to BOK Park Plaza.

I believe they are taking about 3/4 of the 22nd floor.

The Daily reported 20,869 sq. ft. This is great as hopefully we will see more people walking down to Film Row for lunch and gets us a little closer to eventually attracting a restaurant tenant for BOK

Any updates on % of sq ft occupied?

Any updates on % of sq ft occupied?

Nothing has changed here in quite a while.

from the lights on at night, it appears that half of it is occupied. Pete, any stats?

Nothing much has changed since I made this graphic, apart from one more semi-occupied floor and Enable being purchased and almost certain to vacate:

HTTP://www.okctalk.com/images/pete/bokparkplaza012319.jpg

So what does this say about the market for A space? If there's this much trouble getting the place filled, i'm thinking the demand is pretty low???

So what does this say about the market for A space? If there's this much trouble getting the place filled, i'm thinking the demand is pretty low???

this building is a complicated place to lease space in ..

Downtown needs to be raiding the Memorial Rd. corridor…

this building is a complicated place to lease space in ..

How so?

The main reason it is so empty is that Devon was planning on taking a big chunk and then ended up not even needing all the space in Devon Tower. I understand they are starting to open some of the dark floors in the tower, so perhaps they will eventually need space in this building.

It's always good to have a big chunk of Class A office space because it allows for a big move, either from outside OKC (like Continental) or just a shift away from lesser buildings which in turn often means redevelopment or repurposing (FNC, City Place, old BancFirst Building, etc.).

It sucks for the property owner, but Devon has deep pockets and can easily ride out shorter to mid-term vacancies.


The bottom line is that it's a beautiful building that is a great asset to downtown.

Who owns the building, the bank?

Who owns the building, the bank?

Devon.

Any buzz/rumors on filling the restaurant space with the great patio? Also, the website shows that some of the retail space is occupied. I wasn't aware of any retail in building unless this is maybe a BOK retail bank counter?


17642

Nothing happening on the restaurant space or really any of the retail space in the building or in the two parking garages (apart from Hot Tamale which opened some time ago).

The retail space shown occupied is for BOK.

i think well get there. Glad the focus right now downtown is on Park Avenue; we need to build it and make it successful then retail will spread out to Liberty/BankFirst and BOKPP.

Nothing much has changed since I made this graphic, apart from one more semi-occupied floor and Enable being purchased and almost certain to vacate:



Is the semi occupied floor the firm Gable-Gotwals? They recently relocated from Leadership Square. They show up as Suite 2200

Is the semi occupied floor the firm Gable-Gotwals? They recently relocated from Leadership Square. They show up as Suite 2200

Yes.

Energy Transfer is consolidating to 15-17, leasing out the other floors later this year.

Energy Transfer is consolidating to 15-17, leasing out the other floors later this year.

Well good, at least they kept a presence. I was afraid everything would move to Dallas.

That consolidation will leave 8 floors occupied out of 27.

http://www.okctalk.com/images/pete/bokparkplaza012319.jpg

The ground level floors must be very expensive per square foot; you would think some major company would take advantage of that space.

What's happening to Leadership Square--are companies not renewing their leases.

http://www.okctalk.com/images/pete/bok121022b.jpg

Honestly, i dont think we'll ever see Devon in this space. They have so much unused space and so many people are remote these days, they would just have to grow to such immense proportions to need anything over at the BOK, its insane.

Maybe Canoo needs some corporate space :)

Honestly, i dont think we'll ever see Devon in this space. They have so much unused space and so many people are remote these days, they would just have to grow to such immense proportions to need anything over at the BOK, its insane.

Maybe Canoo needs some corporate space :)

devon has very very few people as full time remote ..

devon has very very few people as full time remote ..

Yeah most that are required to be there 3 days/week or so.

Yeah most that are required to be there 3 days/week or so.

yep

Well that's even worse then, imo. Because a pretty good chunk of the energy center is empty. It would be easier to see that it was empty because people were at home. If they aren't even at home and its got that much dark space, then i have even less faith that they'll ever need BOK.

Probably already mentioned; BOK Park Plaza would have been a good purchase for OG&E. OG&E could have used it for their headquarters.


But facing eventual lease renewal at the Corporate Tower, company officials began weighing their options, he said. "We explored the idea of buying a building or building a new building or renovating this building (on Harvey), and renovating this building was the least-cost option," Renfrow said. "It was really more of a matter of economics than anything, and in the meantime we had downsized."--Bob Vandewater,
October 12, 1998.

or they can easily lease there.

Looks they are testing the lights tonight.
I saw all kinds of animations happening.
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Very Nice !!!

The skyline is getting more and more colorful and dynamic with each passing year!

Thank you for those photos. Very Nice.

They must have recently upgraded their lighting system. I mentioned a month ago it seemed some of the panels had gone out. They were likely in the process of transitioning.

The gym in that building is almost complete as well.

http://www.okctalk.com/images/pete/bok120223a.jpg

okc's newest skyscraper is beautiful

"Soulless corporate box" by day, dazzling admirer of the sun by dusk, a bright beacon by night.

Now all we have to do is wait for the Devon to get it's new lighting installed and we're good to go. I wonder if the newer residential towers over in the Uhaul lot will have some sort of lighting elements up top. Would be pretty glitzy if possible, but well understood if not due to the purpose.

Not sure why this building has its lighting stuck on white when it has all types of color capabilities that are very rarely used.