TULSA, Okla. — Helmerich & Payne has confirmed the sale of Utica Square to Northwood Investors, a real estate equity firm.
Helmerick & Payne, a global petroleum company based in Tulsa, has owned Utica Square for more than 60 years. The sale was an effort to reduce the company's debt.
“Utica Square has been an important part of our company’s history and of the Tulsa community for many years,” said Hans Helmerich, chairman of the board. “We are grateful for the generations of tenants, employees and visitors who helped make Utica Square the special place it is today. As we considered the future of the property, it was important to us to find a buyer with the experience and long-term perspective to continue its legacy. We believe Northwood is well positioned to serve as an excellent steward of Utica Square and support its continued success in the Tulsa community.”
Northwood Investors manages multiple high-end shopping districts across the country.
This is a developing story.
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