The property backs $115 million of debt that is securitized through Merrill Lynch Mortgage Trust, 2007-C1. The debt was foreclosed on by C-III Asset Management, the CMBS deals special servicer, last year for $39 million. Simon Property Group, an Indianapolis ...
42 percent leased. Global Growth negotiating an $11.15 million loan with RBC Bank for the property, with the expectation that the company will use about $4.15 million of that to fund capital improvements, including up to $3.85 million specifically for ...
The two buildings are 90 percent leased by such firms as American Security Insurance Group, which occupies 30 percent of the space; Ricoh Corp., which occupies 14 percent; and Sarcom Inc., which also occupies 14 percent.
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