Business
Business

Buckhead tower owner tries to restructure loan

By Gertha Coffee
Aug 19, 2009

The owner of Tower Place 200 in Buckhead is trying to restructure the loan on the property, according to a real estate industry publication.

Transwestern Investment has stopped making mortgage payments on the office building, New Jersey-based newsletter Real Estate Alert reported Wednesday.

Chicago-based Transwestern did not return several calls for comment Wednesday.

Transwestern bought the Class A office building from Ohio Police & Fire in 2006 for $57.8 million. The 14-story building is located at 3348 Peachtree Road. It was built in 1998 and is one of four buildings in the Tower Place complex.

Among purchases Transwestern has made in Atlanta are the Campanile building in Midtown, formerly the headquarters of BellSouth.

About the Author

Gertha Coffee
More Stories

Keep Reading

A portion of the South Terminal parking facility is seen under construction as of Monday, April 21, 2025. Airport officials announced that the large parking garage is expected to be completed before the FIFA World Cup, for which Atlanta is a host city. (Miguel Martinez/AJC)

Credit: Miguel Martinez-Jimenez

Trump DOT settlement would end minority contracting requirement

The Trump administration has proposed ending a four-decade-old program that mandates the hiring of minority- and women-owned businesses for federal transportation contracts.

Homegrown tech firm sees new Beltline HQ as the ‘ultimate gathering place’

OneTrust, a homegrown tech company focused on data security and privacy, opened its 74,000-square-foot Beltline headquarters where it hopes the space will help woo top talent.

Route cuts force some Southwest loyalists in Atlanta to look elsewhere

Southwest Airlines had 119 departures a day from Atlanta last spring. This summer, that will drop to 55-60 flights on peak days.

The Latest

CEO Kabir Barday gives a tour of software firm OneTrust's new global headquarters in Atlanta on Thursday, May 22, 2025. (Arvin Temkar/AJC)

Credit: arvin.temkar@ajc.com

Homegrown tech firm sees new Beltline HQ as the ‘ultimate gathering place’

BioLab fire: Warehouse stored 14M pounds of chemicals, feds say

Atlanta Jazz Festival brings in big bucks for many vendors

Featured

The Nathan Deal Judicial Center, which houses the Georgia Supreme Court. The Court upheld the prohibition on carrying guns in public if you're under age 21. (Bob Andres/AJC)

Georgia Supreme Court says you must be 21 to carry handguns in public

A unanimous ruling by the Georgia Supreme Court upholds a state law prohibiting people under 21 years old from carrying handguns in public.

Route cuts force some Southwest loyalists in Atlanta to look elsewhere

Southwest Airlines had 119 departures a day from Atlanta last spring. This summer, that will drop to 55-60 flights on peak days.

Georgia public universities’ ‘return to office’ mandate may spark exodus

University System of Georgia Chancellor Sonny Perdue told the presidents that staff and faculty must be physically present on campuses during core business hours.