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MIDTOWN | Report: Bank of America Plaza to be auctioned | Business

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MIDTOWN | Report: Bank of America Plaza to be auctioned
Submitted by Beth Sawicki, Where U Live Producer
Monday, February 6th, 2012, 10:03am
Business

ATLANTA -- Bank of America Plaza, the Southeast's tallest building, will hit the auction block Tuesday, Businessweek reported Monday.

The business publication said the 1.25 million-square foot building will be sold on the Fulton County Courthouse steps.

The iconic skyscraper was sold to BentleyForbes, a California real estate company, in 2006. At $436 million, it was the largest real estate transaction in Atlanta history.

RELATED | Bank of America Plaza building headed for default
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Since then, BentleyForbes has missed mortgage payments, and Bank of America Plaza has lost 54 percent of its value, Businessweek reported.

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