FOR IMMEDIATE RELEASE:
OKLAHOMA CITY – (January 2, 2020) Oklahoma City’s most iconic office building, 50 Penn Place, is now under new leasing management through local rising star Solas Real Estate.
50 Penn Place, the anchor office building along the NW Expressway corridor, recently went through a $4,000,000 renovation and was searching for a fresh tenant-first leasing strategy.
“In hiring Chad Khoury and his amazing crew from Solas Real Estate, we’re looking forward to replicating the success we’ve had in our other markets when an asset is reimagined with fresh eyes,” says Dennis Udwin, owner of 50 Penn Place.” The experience and energy of Solas complements the multi-million-dollar investment we’ve made in new elevators, mechanical and in placing Epic Charter School into their new 39,000 square-foot home. Given Solas’s proven track record, we are confident they will have great success in attracting new tenants and retaining existing ones.”
Khoury, co-founder and principal of Solas Real Estate, knows the importance of creating a synergy between the office tower and 50 Penn Place’s highly-visible Premiere Plaza.
“We have reinvented and reworked the leasing strategy to take advantage of 50 Penn Place Premier Plaza’s incredible location, amazing accessibility, and the synergy that can be achieved between the office tower and the Premier Plaza,” said Khoury. “Unlike previous strategies we are not focused on trying to convert existing retail to office only but rather searching for Premier Tenants who will work well with the building synergy.”
50 Penn Place’s location along NW Expressway offers a truly unique position for Oklahoma businesses in need of premier retail or office space at reasonable rental rates.
“50 Penn is a premier property with a nostalgia that runs deep into the hearts of all Oklahomans. We are excited about leveraging its unparalleled location and accessibility with businesses that will work in tandem with the existing Tenants to bring a new golden era of the Penn Expressway corridor for decades to come,” said Kaiser.
At almost 80% occupancy and anchored by long-term tenants such as Full Circle Books, iHeartMEDIA, and Lexus Nexus, the ownership is embracing a tenant-first strategy to make aggressive deals for the right tenants that align with the new retail strategy.
Solas Real Estate is Oklahoma City’s newest commercial and residential real estate brand led by industry experts Chad Khoury and Kaci Kaiser. Khoury and Kaiser will be the primary leasing agents along with Solas associates Josh Tullis and Tania Lavi.
For questions on leasing or comments regarding the new tenant-first strategy, please reach out to Solas co-owners Chad Khoury (Chad@Solasre.com) or Kaci Kaiser (Kaci@Solasre.com).
50 Penn Place - Luxury made Simple
Solas Real Estate is an Oklahoma City-based commercial and residential real estate company founded in 2019. Solas looks to Light the Way for their clients’ various real estate needs, helping to navigate the ever-changing process of buying, selling and financing properties for the best possible outcomes.www.solasre.com