Originally Posted by
Colbafone
I heard that the leasing company, originally working with Boren, has an understanding they were going to sign a 25 year lease with OU. Gallogly came in, saw the amount of money they wanted and axed the 25 year lease and would only agree to a single year lease. The original 25 year lease to OU was something like $25 per square foot. After what happened with Gallogly, the leasing company now wants $80 per square foot. (I'm not 100% certain of these prices, but that's what I was told by someone who works for OU directly, but he also wasn't 100% sure on that pricing)
Literally, OU saw that and just immediately backed out, took absolutely everything g they had there out and moved it back to Cate Center.
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