ATLANTA—JLL Capital Markers recently advised on the sale of a $185.6 million non-performing loan secured by Campanile Plaza, an iconic Class A office tower in the Midtown submarket of Atlanta, GA. The property originally served as Bell South's corporate headquarters.
JLL advised the buyer, Dornin Investment Group on the acquisition and capitalization of the note. DIG has now completed over $330 million in non-performing loan acquisitions in the last 120 days.
Campanile Plaza is a 21-story office building completed in 1987. Currently in the middle of a substantial renovation, the building features an atrium, conferencing facility, fitness center, restaurant, convenience store, security, a typical floor size of nearly 25,000 square feet and access to the commuter rail and Metro. Located at Located at 1155 Peachtree St. NE, the building is at the "main and main" intersection of 14th and Peachtree Streets in Midtown.
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