News
BB&T TAKES 50 ALLEN AGAIN
March 17, 2011
| BB&T has wrenched control of the last undeveloped Allen Plaza parcel. Again. |
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| A month after Barry Real Estate was given a reprieve from foreclosure of its one-acre parcel from BB&T, (we ran by it today to take a pic), the banking giant has readvertized its foreclosure in theFulton Daily Report. And unless something else changes, the bank will be selling the parcel—once planned for another Barry office tower—on the Fulton County Courthouse steps on April 5. Barry'sHal Barry declined to comment. This is the latest bruise on Barry'siconic project. Earlier this month, Bank of America sold its $53M loan on 55 Allen Plaza to Lincoln Financial (on behalf of the Illinois Teachers Pension Fund). It has yet to be advertised for foreclosure. |
