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 screengrab from video taken inside the Georgia Public Service Commission hearing room shows former PSC candidate Patty Durand appearing to pick up a copy of allegedly trade-secret information belonging to Georgia Power. The video later shows Durand put what police say was a different copy of a Georgia Power booklet into her purse and leave the room during a recess in a hearing on Tuesday, Oct. 21, 2025. Durand has been charged with theft of trade secrets, records show. The AJC obtained the video from the Public Service Commission through a Georgia Open Records Act request.

Credit: SPECIAL

See video police say shows ex-PSC candidate Durand take Georgia Power secrets

Patty Durand has long criticized Georgia Power for concealing information under the cloak of trade secret about various initiatives and requests of state regulators.

Shake Shack takes a bite out of Atlanta and it’s more than just restaurants

Shake Shack this month opened an office at The Battery Atlanta in Cobb County, where it will house 100 workers.

Rivian layoffs to hit hundreds, but Georgia impacts expected to be small

The company is looking to reduce costs as it prepares to start production of its R2 crossover, which Rivian has said will eventually be built at its planned Georgia plant.

The Latest

Stellantis plans to open a 422,000-square-foot Mopar Parts Distribution Center in Forsyth, about 60 miles south of Atlanta. (Courtesy of Stellantis)

Credit: Courtesy of Stellantis

Stellantis car parts facility planned for Georgia could mean quicker repairs

Why are Subarus so popular?

OPINION

Is this the Corvette of the future?

Featured

(Photo Illustration: Philip Robibero | Sources: Hyosub Shin for AJC, Unsplash)

Credit: Philip Robibero / AJC

THE FUTURE OF MARTA

Riding the color line: How race built Atlanta’s MARTA system

MARTA’s routes, reach and reputation were defined as much by race as by ridership, leaving a legacy of inequity that still shapes how Atlantans move — or don’t move.

Rivian layoffs to hit hundreds, but Georgia impacts expected to be small

The company is looking to reduce costs as it prepares to start production of its R2 crossover, which Rivian has said will eventually be built at its planned Georgia plant.

Bert Weiss shares his 6 favorite ‘Bert Show’ moments: Six Flags, Mariah Carey

Bert Weiss revisited some of the big moments in the early days of "The Bert Show" including incidents with Usher, Mariah Carey and Six Flags Over Georgia.