The closing of the property originally was scheduled for May,but was postponed to Dec. 19 because of a prepayment prohibitionrelating to the mortgage on the property, according to Banyan'sprepared statement.
The contracted price and size of the property weren't disclosed.GlobeSt.com couldn't reach Banyan or Denholtz officials atpublication deadline.
On Dec. 3, Denholtz notified Banyan in writing that Denholtz nolonger intended to acquire University Square. The parties thenmutually directed the earnest money to be paid to Banyan.
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