KBS REIT ACQUIRES MERIDIAN TOWER

TULSA, OKLA. — KBS Real Estate Investment Trust (KBS) has acquired Meridian Tower, a 10-story, Class A office tower located at 5100 E. Skelley Dr. within the Yale Corridor/South Central submarket of Tulsa. Situated on 3.2 acres, the property comprises the 205,659-square-foot tower, as well as a four-level parking garage. It is 93 percent occupied by a tenant roster that includes Matrix Services Co., Tulsa Dental Specialties, Ram Energy Resources, TMA Systems and Enercon Services. Bill Rogalla of KBS provided in-house representation for the transaction. The seller, Trammell Crow Co., was represented by Gary Carr and Eric Mackey of the Dallas office of CB Richard Ellis (CBRE). Terry Payne and Mary Martin of CBRE’s Oklahoma office will handle leasing, and Peggy Davis, also of CBRE Oklahoma, will handle property management. The acquisition price was undisclosed.