RALEIGH, NC-Two distressed office buildings located near the PNCArena here are to be acquired by Prudential Real EstateInvestors pending court approval for $45.75 million.
Prudential was the highest of nine offers for the two100,000-square-foot buildings, according to a court filing onMonday by bankruptcy trustee Joseph Calloway. The pending salerequires the approval of bankruptcy court Judge Randy Doub, whichcould take place by September, according to the Triangle BusinessJournal.
Developer Harold Lichtin put the property into bankruptcy amidloan renegotiations with BB&T in February 2012. The bank soldthe loans to an affiliate of Goldman Sachs.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
