Widgets Magazine
Results 1 to 7 of 7
  1. #1
    Patrick Guest

    Default Sandridge possible purchaser of KerrMcGee Tower

    Tom ward, a former owner of this site, told me his company might be int he running for KerrMcGee. Check this out below.



    City seeks new tenants for tower


    By Steve Lackmeyer
    Business Writer

    An 800-pound gorilla is sitting in the middle of downtown Oklahoma City's resurgence. In light of comments made last week by Mayor Mick Cornett and Downtown Oklahoma City Inc. President Brett Hamm, it's difficult to pretend it doesn't exist.

    Had Kerr-McGee Corp. departed Oklahoma City just two years ago, Cornett and Hamm might have been on the verge of despair over prospects of finding a new tenant for the company's landmark tower. But Cornett and Hamm are confident there are companies in the city willing to make the tower their new home. The challenge now isn't finding a buyer. Instead, city leaders are concerned whether the building's owner, Houston-based Anadarko Petroleum, will agree to sale terms with an existing Oklahoma City company interested in making the tower its new headquarters.
    No one is publicly identifying companies that might make the tower their new home, but here are some possible candidates:
    SandRidge Energy (formerly Riata Energy), has publicly stated it is looking for new digs since the company moved from Amarillo earlier this year. Chief Executive Officer Tom Ward was a co-founder of hometown giant Chesapeake Energy and has already signaled he plans to grow this new Oklahoma company as well.
    McGee Tower would be a landmark for the company where it could display its name across the rejuvenated downtown skyline.
    American Fidelity Insurance has for years had its home at NW 20 and Classen Boulevard. The parking lots surrounding the headquarters are packed full with employee vehicles. The company has made no public statements about moving. Back in 1998, the company sold its three buildings to a New Jersey partnership. A couple of years ago, members of the downtown business improvement district board of directors discussed a potential American Fidelity move to Britton Road and Broadway Extension, and agreed they needed to sell the company on moving closer to downtown, not farther away.
    A third prospect is now out of the running. Tronox, a spin-off of Kerr-McGee, is the only tenant left in the building. Last week the company signed a lease to move to downtown's Leadership Square, leaving an even more uncertain future for occupancy of the McGee Tower.
    Devon Energy might be considered a likely candidate, considering the company's offices already are spread out among four downtown buildings. But Chief Executive Officer Larry Nichols recently discounted a move to McGee Tower, saying "it's too small."
    Downtown real estate observers were previously distressed when they learned Anadarko Petroleum hired a broker with offices around the world, including Houston, but with no presence in Oklahoma City. Cornett said he contacted Anadarko and asked that the tower not be allowed to stay on the market for too long. Hamm said he ideally would like to see the tower's future resolved within six months before the departure of Tronox.
    It's been years since Oklahoma City has seen major corporations considering a new downtown corporate headquarters. As evidenced by Tronox, the window of opportunity for one of them to consider a home at McGee Tower may be closing. John Christiansen, an Anadarko spokesman, responds the company is trying to sell the former Kerr-McGee headquarters and understands Cornett's concerns. "We're working to complete this process in a timely manner," Christiansen said Monday. "But how quickly a sale can occur, we can't speculate."

  2. #2

    Default Re: Sandridge possible purchaser of KerrMcGee Tower

    Yes, but if you read the article, it is complete speculation and completely unscientific. It would be nice to see them occupy it but I won't be surprised if they don't.

  3. Default Re: Sandridge possible purchaser of KerrMcGee Tower

    Quote Originally Posted by metro View Post
    Yes, but if you read the article, it is complete speculation and completely unscientific. It would be nice to see them occupy it but I won't be surprised if they don't.
    There's science involved in this?

    I expect that Sandridge is the likely candidate and speculation is all we have at this point. At least.....until the lab reports come in.

    ---------

  4. #4

    Default Re: Sandridge possible purchaser of KerrMcGee Tower

    Tom ward, a former owner of this site, told me his company might be int he running for KerrMcGee. Check this out below.
    I just meant, no scientific poll was conducted or no hard facts other than pure stated speculation; and on top of that, was Tom Ward really an owner of this website? Never heard that one before. Just curious??

  5. #5
    Patrick Guest

    Default Re: Sandridge possible purchaser of KerrMcGee Tower

    Quote Originally Posted by writerranger View Post
    There's science involved in this?

    I expect that Sandridge is the likely candidate and speculation is all we have at this point. At least.....until the lab reports come in.

    ---------
    Yeah, that's kind of where I was coming from.

  6. #6
    Patrick Guest

    Default Re: Sandridge possible purchaser of KerrMcGee Tower

    Whoops, I meant former member of this site. LOL!

  7. Default Re: Sandridge possible purchaser of KerrMcGee Tower

    Either way you crunch the odds, the tower will be filled eventually. Anadarko officials down here are very concentrated on company growth and have no interest in real estate, unless it has to do with petroleum.
    Continue the Renaissance!!!

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. How About Galleria Tower?
    By okcpulse in forum General Civic Issues
    Replies: 5
    Last Post: 03-29-2006, 09:14 PM
  2. Oklahoma Tower and Leadership Square Sold
    By Patrick in forum General Civic Issues
    Replies: 5
    Last Post: 04-06-2005, 12:22 AM
  3. Regency Tower Sold
    By Patrick in forum General Civic Issues
    Replies: 0
    Last Post: 11-17-2004, 11:47 PM
  4. Ideas For A New Signature Office Tower Downtown
    By okcpulse in forum General Civic Issues
    Replies: 1
    Last Post: 07-15-2004, 11:58 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Single Sign On provided by vBSSO