Lenders Win 6 Atlanta Office Towers, Mall at Auction

A commercial real estate financing firm representing investors that control a $115.3 million CMBS loan on six office towers and a shopping mall that are part of Atlanta’s Peachtree Center has won the portfolio in a foreclosure auction with a credit bid of $127.5M.

Situs AMC secured the property in the auction, which was held on the steps of the Fulton County Courthouse last week. The only outside bid at the auction was a $1.5 million cash offer from a local investor, according to a report in the Atlanta Journal-Constitution (AJC).