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Thursday, May 24, 2012

OPUBCO Real Estate Under Contract by AFA

Gary Pierson, President and CEO of The Oklahoma Publishing Company, and Trent Moore, President of America Fidelity Property Company, announce that they have entered into a contract for the sale of OPUBCO’s real estate and office buildings located along the Broadway Extension at Britton Road. Included are approximately 150 acres, a 12-story office tower, a manufacturing plant, parking garage and day care center. The parties are currently in due diligence and anticipate a closing during the summer months.

After the sale is completed, OPUBCO, including OPUBCO Communications Group, The Oklahoman and NewsOK.com, will occupy five floors in the office tower and virtually all of the production facility under separate leases.

After the sale is completed, American Fidelity Assurance Company will begin making plans to gradually relocate their headquarters to the location.

American Fidelity was founded in Oklahoma City in 1960 and The Oklahoma Publishing Company was founded in Oklahoma City in 1903.

Additional information will be provided after the due diligence is complete.

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