Southland Sells for $7.6 Million

PCA Tulsa Buildings LLC has sold the 115,032-SF Southland Tower, 4111 S. Darlington Ave., to Southland Tower LLC for $7.6 Million.
Rob Stephens, the registered agent for Southland Tower LLC, said acquisition is the groups first in the Tulsa market. The new owners, an Arkansas-based investment fund, do not plan any significant renovations or upgrades to the building, which is 77 percent leased.
The property, which was built in 1965, appraised for $6.64 million in 2006 and includes covered onsite parking.
CB Richard Ellis/Oklahoma is the leasing agent for the property, which rents for $14.50 per SF.

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