CINCINNATI-The Cincinnati Enquirer reported that Bank of Americahas purchased Kenwood Towne Place, an office and retail developmentin Sycamore Township, at a foreclosure sale for $27.5 million. Theonly other bidder in the deal was Phillips Edison.
The newspaper reported that the property was foreclosed afterthe builders defaulted on $81 million in construction loans. The$150-million development accommodates a Container Store, Crate& Barrel, Mitchell's Salon & Day Spa and L.A. Fitness.For the full story, go to Columbus Business First .
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