TULSA, Okla., May 9, 2024 | TruCore Investments remains active in the current market environment,
with a concentration on acquisition in the Class B Industrial sector. Today, the group announced their
latest acquisition of a Class B industrial warehouse and distribution center in a prime Oklahoma City
location.
This deal was executed as a short-term sale leaseback with brokerage assistance from Rusty Smith and
Allan Meadors at Cushman & Wakefield. TruCore is set to reposition and make immediate improvements
to the facility, including exterior paint and interior light upgrades. This purchase advances their ongoing
portfolio expansion, with more than $130 Million secured during the last two years.
“This acquisition supports our highly targeted investment strategy in Class B Industrial,” said Zach Harris,
TruCore Investments Managing Director and Partner. “Oklahoma City is an attractive, business-friendly
market with a central national location, steady job growth, and low energy costs, making the property
desirable for a broad range of tenants into the future.”
Farmer Brothers currently occupies the warehouse and storage property situated at 13131 Broadway
Extension. Spanning 142,115 sq. ft on 8.5 acres, the location is also zoned for outdoor storage and is
conveniently accessible to both Highway 77 and Kilpatrick Turnpike. Oklahoma City ranks third in lowest cost for business and is ranked second by Forbes for the best place to live for young professionals.