Last Updated: February 8, 2012 ET

Bank of America Plaza Sells for $235M at Foreclosure Auction

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ATLANTA-Bank of America Plaza in Atlanta was sold for $235 million in a foreclosure auction. JPM CC 2006 CIBC17 Office Limited Partnership, an associate of the bondholders, set the $235-million credit bid on the skyscraper.

Special servicer LNR Partners LLC of Miami advised the bondholders. BentleyForbes Group bought the 55-story tower, located at North Avenue and Peachtree Street, for $436 million in 2006. The only outside bid set on the building was $100,000. For the full story, go to Atlanta Business Chronicle .

GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

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

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