Report: BB&T building in Jacksonville sent to servicer

20 April 2015

According to a report by Trepp, the BB&T building in downtown Jacksonville has been sent to a special servicer who can foreclose on the loan or modify its terms. There is a $31.4 million balance on the building which is owned by Harbour Group International and has been delinquent for the past 10 months. The 252,987 square foot building was built in 1975 and has an occupancy rate of 83 percent. Harbour group purchased the tower in 2007 for $30 million and is currently $970,983 behind in payments.

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