South's tallest skyscraper to be sold at auction - WRCBtv.com | Chattanooga News, Weather & Sports

South's tallest skyscraper to be sold at auction

ATLANTA -

(AP) - Atlanta's tallest skyscraper is expected to be sold at auction.

The 1,023-foot Bank of America Plaza is scheduled to be auctioned Tuesday on the steps of the Fulton County Courthouse.

The Atlanta Journal-Constitution reports (http://bit.ly/zdDLqr) the auction is taking place after 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 an Atlanta-record $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.

 

Information from: The Atlanta Journal-Constitution, http://www.ajc.com

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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