Commercial Real Estate Companies Merge in OKC

Article excerpt

OKLAHOMA CITY - One of the next companies to move to downtown is expected to be the newly formed Newmark Grubb Levy Strange Beffort commercial real estate firm.

"We'll move downtown by the end of the year," said Mark Beffort, CEO of Newmark Grubb Levy Strange Beffort.

The company is the product of the merger of Grubb & Ellis Levy Beffort and William T. Strange and Associates merging and operating as an affiliate of Newmark Grubb Knight Frank, one of the world's leading commercial real estate firms. Newmark Grubb Levy Strange Beffort will be 100-percent locally owned.

Newmark Grubb Levy Strange Beffort will now have a total of 136 employees at the firm. The firm will continue to operate out of the two separate offices that joined in the merger. There is also an office in Tulsa.

Beffort said there were other priorities to address first before considering a combined office.

The firm is in charge of leasing a few downtown Oklahoma City buildings, including the Braniff Building, which SandRidge had originally planned to occupy but has now opened for leasing.

Beffort said he does not expect the new real estate firm to move into the Braniff.

"We'll look at it," he said. "But the configurations won't be conducive to what we need for our space," he said.

The merger caused the need for a new logo, which can now be seen across the city and into Tulsa, from business cards to signs at property.

"You won't be able to walk into our workroom and find a piece of stationery with the old logo," Beffort said. …

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