Nuveen Green Capital Provides $28.4M Construction Loan For Oklahoma City Office And R&D Development

A $28.4 million construction loan has been secured for the development of an 8-story office and R&D building in Oklahoma City's Innovation District. The project, located at 308 Northeast 9th Street, is being funded by Nuveen Green Capital, in collaboration with Stride Bank, Oklahoma City Redevelopment Authority, and developers Garner Tenenbaum Holdings and Robinson Park Investments. The 277,300 square foot property will be a part of a masterplan development that includes a boutique hotel, retail space, public park, and an innovation hall.

Summary of transaction details

• Property Type: Office - R/D Flex
• Transaction Amount: $28,400,000
• Address: 308 Northeast 9th Street
• Market: Oklahoma City

Nuveen Green Capital, known for their expertise in C-PACE (Commercial Property Assessed Clean Energy) financing and sustainable solutions, will utilize their portion of the $100 million financing package to fund energy and water-saving improvements in the building. These upgrades will include enhancements to the building envelope, roofing, glazing, water heaters, low flow fixtures, chillers, boilers, lighting, and elevators. The collaboration between Nuveen Green Capital and the various stakeholders involved in the project highlights the commitment to making Oklahoma City's Innovation District an eco-friendly and sustainable hub for commercial development.