Bronco Manufacturing dba West Tulsa Management LLC has purchased a facility at 4953 S. 48th W. Ave. for $1.7 million from Southcor Investors LLC.
The 109,524-SF building, which appraised for $1.8 million and was built in 1985, is currently used as a distribution warehouse by Corporate Express.
The facility will serve as the headquarters for Bronco Manufacturing, a Tulsa-based maker of parts for parts for oil and natural gas drilling. The company is currently based at 4448 S. Jackson.
Bronco, which will invest up to $400,000 in the redesign of the floorspace, plans to move into the building by mid-2008. Any unused space in the building will be leased.
Shawna Hale, Bill Mizener, SIOR, Dwayne Flynn, CCIM, Tom O’Brien, SIOR, CCIM, and Matt Klimisch, SIOR, CCIM, all with CB Richard Ellis/Oklahoma handled the sale negotiations.