Romaniello says Clark Butler, president of Atlanta-based City Centre Properties, the building's owner, told him about the negotiations last week. Romaniello says Butler was giving him a "head's up" about the negotiations before they became public.
"This really speaks to the restructuring of the building's financing, which is natural in today's economy," Romaniello says. DataBank, which keeps tabs on real estate transactions in Atlanta, lists loans on the building of $147 million and $40.5 million, held by iStar Financial and First Citizens Bank of Columbia (SC) respectively.
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