Thomas Company is pleased to announce the recent sale of a Class-A Office Headquarters leased to Gateway First Bank on a long-term basis. The Property serves as Gateway’s corporate headquarters, housing its executive offices, administrative department, loan servicing for both the bank and mortgage divisions, human resources, retail banking, risk management, and technology department.
Gateway is a Tulsa, Oklahoma-based financial institution that provides banking and mortgage services for individual and commercial customers. Established in 2000 as Gateway Mortgage Group, the company has grown to more than 1,600 employees with operations in 43 states, including 165 mortgage centers. In 2020, Gateway reported total assets of approximately $2.19 billion and net income of approximately $107 million. Gateway First Bank was formed as the result of a merger between Gateway Mortgage Group and Farmers Exchange Bank in 2019.
The property closed as an off-market transaction.
Highlights
- Long-Term Passive Ownership
- Mission-Critical Facility
- Strong Private Credit
- Attractive Rent Increases