By Richard Mize
OKLAHOMA CITY, OK – NTT Data Services plans to expand its Oklahoma City operations as the first tenant in Westgate One, the flagship of developer Richard Tanenbaum’s 94-acre mixed-use campus on Reno Avenue just east of Sara Road.
NTT DATA, formerly Dell Services, and before that Perot Systems, was Dell Inc.’s information technology unit until spun off in early 2016 as part of reorganization. Dell had acquired Perot Systems in 2009.
NTT DATA has leased 120,000 square feet of five-story Westgate One, 10401 W Reno, which arose earlier this year literally amid the ruins of Oklahoma City’s biggest dot-com failure, in a deal by Newmark Grubb Levy Strange Beffort.
Corning Inc. abandoned plans for a plant at the site, its unfinished heavy steel infrastructure, and $40 million investment, in 2000, after the three year dot-com bubble – speculative growth in Internet-related stocks – went bust.
Tanenbaum bought the remains and 190 acres in 2001 for pennies on the dollar, then waited 15 years to develop it. Now, NTT DATA, based in Plano, Texas, plans to bring the site to life in the first quarter of next year, 20 years after Corning’s misstep.
Mark Beffort and Adam Rumsey of Newmark Grubb Levy Strange Beffort in Oklahoma City assisted Tanenbaum in negotiating the lease. Steve Jarvie, Damian Rivera and Greg Burns with Dallas-based ESRP Real Estate Services represented NTT DATA.
“We are extremely excited for NTT DATA to be our anchor office tenant. We have great plans for the Westgate campus and look to make additional announcements in ’19.” Tanenbaum said.
No information on anticipated jobs was provided.
“This wa a great transaction for both parties. NTT DATA secured quality office space that efficiently accommodated their employee needs and data infrastructure and Mr. Tanenbaum secured a long-term tenant with potential to grow,” Rumsey said.
NTT DATA is a division of NTT DATA Corp., a top 10 global business and IT services provider with 110,000 employees in 50 countries, and NTT Group, a partner to 88 percent of the Fortune 100.
“This was a multi-state site selection process that concluded the Oklahoma City market afforded NTT DATA a centrally located market with a sustainable labor force and available class A real estate options,” Jarvie said, noting that ESRP provides real estate services to NTT DATA worldwide.
Westgate One is the best place in the best location for NTT Data’s plans, said Tanvir Khan, president of business process outsourcing. NTT DATA has a location near Dell Inc.’s plant in southwest Oklahoma City.
“The Westgate One office space is in close proximity to our existing employee base, so it allows us to collaborate across offices,” Khan said. “And since it’s a new facility that we can customize and continue to grow into, we’ll have the option to continue to expand with minimal disruptions.”
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