Meridian Tower Sells for $17.4 Million

The California-based KBS Real Estate Investment Trust has purchased the 10-story Meridian Tower, 5100 E. Skelly Drive, for $17.4 million, or $84.60 per SF.
Built in 1982, the Meridian Tower contains 202,612 SF and is 100 percent occupied. The facility also contains a four-story parking structure and sits on 3.2 acres.
The tower is not KBS Real Estate’s first property in the Tulsa market, as late last year, the company sold Boulder Towers for $31.9 million.
Tenants of the tower include Matrix Services Co., Tulsa Dental Specialties, Ram Energy Resources, TMA Systems and Enercon Services.

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