ATLANTA-Fitch Ratings has reported that the 200 Galleria office tower's $70 million loan has been shifted to special servicing. Possibility of default is looming on the loan, according to Fitch.
Grubb & Ellis Investors (formerly Triple Net Properties LLC) is the owner of the approximately 438,000-square-foot tower, which it bought in January 2007. The tower is a part of the Galleria shopping and office complex spanning 85 acres situated at Interstate 75 and Interstate 285.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.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.