SUNRISE, FL-Wells Fargo Bank has sold a 92,689-square-foot office building in Sunrise at a 51% loss to its mortgage value. The bank repossessed the Atrium West building located at 7771 W. Oakland Park Blvd. in 2011 after foreclosing on Rodney K. Longman's $9.8 million mortgage.
ATC Realty One, the Wells Fargo affiliate, sold the property to Atrium 93 LLC for $4.8 million. Scott O'Donnell, Dominic Montazemi, Marty Busekrus and Miguel Alcivar from CBRE Group worked on the deal. For the full story, go to South Florida Business Journal .
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