ATLANTA, GA-The Atlanta Development Authority reported that America's Capital Partners based in Miami has purchased the Equitable Building in Atlanta from Capmark Bank for $19 million. The historic office building measuring 622,000 square feet is located at the corner of Luckie and Peachtree Streets. In June 2010,
Capmark Bank foreclosed on the building for $29.5 million from Equastone Real Estate Investment, which purchased the property for $57 million in 2007. The building is now below 50% leased. For the full story, go to Atlanta Business Chronicle .
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