By Robert Evatt, Tulsa World.
The biggest downtown Tulsa speculative office renovation project in years didn’t come from a traditional developer or a real estate investment trust.
It came from a church.
Bob Pielsticker, a broker with CB Richard Ellis in Tulsa, said First Presbyterian’s transformation of the Avanti building at 810 S. Cincinnati Ave. into the 8:10 Building turned out better than anyone expected, since it’s already 80 percent occupied.
“We’re a year and a half ahead of where we thought we’d be,” Pielsticker said.
Today, the six-story building is now full aside from a 2,401-square-foot suite on the first floor and the 14,364-square-foot fourth floor, which is still being completed. Architecture, engineering and construction management firm Cyntergy was the first to move in late last year, followed by accounting firm Eide Bailly.
Pielsticker said a 5,290-square-foot suite on the first floor was just leased this month, although the tenant isn’t ready to be identified.
Steve Caldwell, director of operations for First Presbyterian, said the strong interest required the church to put more resources into the $6 million renovation faster than anticipated.