JLL arranges $45M acquisition financing for 260K SF, Class AA office tower in Tulsa, OK

DALLAS, Aug. 26, 2025 – JLL Capital Markets announced today it has secured $45 million in acquisition financing for 222 North Detroit, a 260,283-square-foot Class AA office tower located in the heart of Tulsa's iconic Arts District.

JLL worked on behalf of the borrower, Fenway Capital Advisors, to secure a loan through BOK Financial.

The recently delivered 11-story trophy asset represents one of Oklahoma's most significant office developments with virtually no competing Class AA product in the state. Located at 222 North Detroit Avenue in Tulsa's Central Business District, the 2022-vintage building offers tenants direct connectivity to the entire metroplex with a 2.5-per-1,000-square-foot parking ratio and average floor plates exceeding 23,662 square feet. The building's modern design and state-of-the-art amenities position it as Tulsa's premier business address.

The asset is currently 95 percent leased to a roster of nationally recognized tenants across diverse industries, including energy services, legal services, financial services and construction materials supply.

The property's strategic location within the highly sought-after Arts District places it within close proximity of Tulsa's premier attractions, including Southern Hills Country Club, Philbrook Museum of Art and Utica Square. Tenants enjoy ease of access to the city's most popular entertainment venues, with ONEOK Field just a four-minute walk away and the BOK Center an eight-minute drive. Additionally, the building sits adjacent to Tulsa's most affluent neighborhoods and offers immediate access to walkable retail and dining options within the thriving Arts District.

The JLL Capital Markets team was led by Managing Director Greg Napper, Associate Blake Morrison and Analyst Brody Rule.

"The successful financing execution for 222 North Detroit reflects the broader recovery gaining traction in the office investment market," said Napper. "222 North Detroit embodies the flight-to-quality trend we're seeing accelerate across the country – investors and lenders are gravitating toward trophy assets with strong fundamentals and irreplaceable locations. The competitive interest from multiple lenders with varying debt capital profiles demonstrates that the office sector is regaining its footing, particularly for properties that offer the amenities and locations today's tenants demand."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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With offices located in Dallas, TX and Solana Beach, CA, Fenway Capital Advisors is managed by principals who have over 60 years of institutional real estate investment and management experience across a variety of product types to include office, multifamily, hospitality, industrial, single tenant net lease, self-storage, and data centers throughout the United States and Europe. Primarily targeting value-add and opportunistic investments, FCA’s successful track record can be attributed to its flexible capital capabilities, creativity, and deep industry relationships to source undervalued opportunities and generate attractive risk-adjusted returns for its investors.

BOK Financial Corporation is a $50 billion regional financial services company headquartered in Tulsa, Oklahoma with $115 billion in assets under management and administration. The company's stock is publicly traded on NASDAQ under the Global Select market listings (BOKF). BOK Financial Corporation's holdings include BOKF, NA; BOK Financial Securities, Inc.; and BOK Financial Private Wealth, Inc. BOKF, NA's holdings include TransFund and Cavanal Hill Investment Management, Inc. BOKF, NA operates banking divisions across eight states as: Bank of Albuquerque; Bank of Oklahoma; Bank of Texas; and BOK Financial in Arizona, Arkansas, Colorado, Kansas and Missouri; as well as having limited purpose offices in Connecticut, Nebraska, Tennessee and Wisconsin. Through its subsidiaries, BOK Financial Corporation provides commercial and consumer banking, brokerage trading, investment, trust and insurance services, mortgage origination and servicing, and an electronic funds transfer network. For more information, visit www.bokf.com.