OKLAHOMA CITY-Three years into the hold, an East Coast investment group has sold the 236,446-sf Bank of Oklahoma Plaza and adjacent parking garage to a local partnership for $15.8 million. Word on the street is the buyer plans to invest up to $3.5 million to upgrade the 35-year-old office building.

Gramercy Capital Corp. of New York City was set to inherit the building at 201 Robert Kerr St. when it acquires Jenkintown, PA-based American Financial Realty Trust in March. The class B-plus asset was already tagged as non-core by Gramercy, according to an SEC filling.

The buyer of record is BOKP Investors LLC, which is led by William Mee of Oklahoma City. Craig Tucker, senior vice president of local firm, Price Edwards & Co., brokered the sale. He didn’t return a telephone call by press time seeking comment on the transaction.

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