Atlanta's Tallest Skyscraper To Be Sold At Auction
(Image courtesy Wikipedia)
ATLANTA (AP) – The tallest skyscraper in the southern United States is going up for public auction after its owners missed mortgage payments.
The 1,023-foot Bank of America Plaza in Atlanta is scheduled to be auctioned Tuesday on the steps of the Fulton County Courthouse.
The Atlanta Journal-Constitution reports the building's landlord, Los Angeles-based BentleyForbes, missed mortgage payments.
The commercial real estate investment firm bought the high-rise at the height of the real estate boom for $436 million.
Emporis, a German company that maintains an extensive database of buildings around the world, says the 55-story skyscraper is the tallest building in the South, and the tallest building in any state capital in the U.S.
(Copyright 2012 by The Associated Press. All Rights Reserved.)