News
STABILIZING A SALE
April 12, 2012
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| Speaking of buildings that could go on the market, one of the many distressed Buckhead towers could come up for sale later this year. Trepp reports in its March report on Tower Place 200 that CWCapital is ?on track? to put the 260k SF tower up for sale later this year after deals put occupancy above 85%. Transwestern lost Tower Place 200 (after buying it for $58M in '08) when CWCapital foreclosed on its $50.5M Wells Fargo loan in '09. Officials with PMRG, which has been leasing and managing the tower, declined to comment. |
