First National building sells in Oklahoma

Renovation costs expected to be in the millions

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Sperry Van Ness recently completed the sale of the historic First National Center office building in Oklahoma City, Okla. The value of the transaction was approximately $21 million. The 990,927-square-foot property, located at 120 N. Robinson, was 34 percent occupied at the time of sale. First National Center LLC sold the property to Alliance Property Investments Inc. and Carla Ridge LLC, a group of California-based investors working as joint tenants in common. According to Jason Little of Sperry Van Ness, the new ownership plans to spend several million dollars in interior and exterior improvements. ...