RALEIGH, NC-The Palisades I office building of Lichtin Corp. in west Raleigh has finally been sold. The trustees for the Palisades I CMBS loan emerged as the winner for the office building with a final bid of approximately $9.4 million.
U.S. Bank, the trustee for the holders of the securities, is collaborating with special servicer Baltimore-based CWCapital Asset Management, which has awarded the management and leasing of the building to Cassidy Turley. For the full story, go to Triangle Business Journal .
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