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August 17th, 2011 - Dylan Smith

ACM@UCO purchases Bricktown building


The largest transaction for 2011 in Bricktown so far was completed Aug. 15 with the sale of the Oklahoma Hardware Building, 25 E. California, for $6.5 million.


The 62,500-square-foot building was purchased by the University of Central Oklahoma from Bricktown Wire Co. UCO’s Academy of Contemporary Music occupies the building on its top three floors. It has four stories in addition to a lower level along the Bricktown Canal. The ACM opened in the building in 2009.

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Andy Burnett and Zach Martin, investment advisers with Sperry Van Ness/William T. Strange & Associates, handled the transaction. Margaret Miller with Stewart Title Co. closed the deal.

“UCO’s school of music brings a cool, authentic vibe to downtown,” Burnett said. “Every downtown in the country would love to have this concept in their entertainment districts."

Martin said Bricktown is an ideal place to put a music academy.

“You wouldn’t want to put a rock and roll music school just anywhere,” he said. “It just wouldn’t make sense out in the suburbs. The music school is hip, and so is Bricktown. This is a great match. UCO was great to work with and really helped make this a smooth transaction.”
 
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