FORT LAUDERDALE-The Corporate Center office tower here is the subject of foreclosure proceeding by US Bank, which is representing a commercial mortgage-backed securities trust in the action.
The lawsuit filed on Oct. 31 is seeking foreclosure against the building owner Cabot East Broward 1 LLC, according to the South Florida Business Journal. US Bank filed a motion as an intervenor in litigation filed in 2012 by South Florida Construction Associates
The 24-story office building totals nearly 369,000 square feet at 110 East Broward Blvd. The building has a 99-year ground lease with New York Life. See story in the South Florida Business Journal.
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