Greater Oklahoma City Chamber - NTT DATA Services named as first tenant in west side office building

NTT DATA Services named as first tenant in west side office building

Thursday, October 19, 2017

by Richard Mize

NewsOK

NTT DATA Services plans to expand its Oklahoma City operations as the first tenant in Westgate One, the flagship of developer Richard Tanenbaum's 94-acre mixed-use campus on Reno Avenue just east of Sara Road.

NTT DATA, formerly Dell Services, and before that Perot Systems, was Dell Inc.'s information technology unit until spun off in early 2016 as part of reorganization. Dell had acquired Perot Systems in 2009.

NTT DATA has leased 120,000 square feet of five-story Westgate One, 10401 W Reno, which arose earlier this year literally amid the ruins of Oklahoma City's biggest dot-com failure, in a deal by Newmark Grubb Levy Strange Beffort.

Corning Inc. abandoned plans for a plant at the site, its unfinished heavy steel infrastructure, and $40 million investment, in 2000, after the three-year dot-com bubble — speculative growth in Internet-related stocks — went bust.

Tanenbaum bought the remains and 190 acres in 2001 for pennies on the dollar, then waited 15 years to develop it. Now, NTT DATA Services, based in Plano, Texas, plans to bring the site to life in the first quarter of next year, 20 years after Corning's misstep.

Read the full story at NewsOK.com