CBRE Agrees to Buy Debt Secured by Atlantic Station Building

By GlobeSt News Hub

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ATLANTA-CBRE Global Investors has agreed to purchase the debt secured by the 201 Seventeenth Street building in Atlantic Station for approximately $49 million. The company has signed the deal with the property's ownership, a partnership between American International Group and Jim Jacoby's real estate company based in Atlanta, to complete a deed in lieu of foreclosure.

The lead lender is Wells Fargo & Co. Eastdil Secured LLC, a subsidiary of Wells Fargo, marketed the 201 building. For the full story, go to Atlanta Business Chronicle .

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Categories: Southeast, Office, Acquisitions/Dispositions, Sales, Scope, Atlanta