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What Will BentleyForbes Do with BofA Plaza?

ATLANTA-CREC's Warren Weiser tells GlobeSt.com's Jennifer LeClaire that the BoFA Plaza would have plenty of suitors if BentleyForbes and LRN takes it to market.

By Jennifer LeClaire | Updated on February 10, 2011

ATLANTA-The next steps. That’s what BentleyForbes is working with special servicer LNR to determine in the wake of an imminent default. Two days after Fitch Ratings issued a report chronicling the woes of Atlanta’s tallest building, the 55-story Bank of America Plaza, the owner is looking for a way of escape.

“BentleyForbes requested the loan for Bank of America Plaza in Atlanta to be moved to special servicing to begin the process of reviewing options on the underlying capital structure,” says Tony Manos, COO of BentleyForbes. BentleyForbes is one of the nation’s largest privately-held commercial real estate investment companies.

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