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2.2 million square-foot Buckhead office development facing foreclosure; auction delayed as lenders pursues short sale

Summary by buckhead.com
A 46-acre office park in Buckhead is facing foreclosure after its owner defaulted on a $330 million loan from Morgan Stanley, but the proceeding have been delayed. Ardent Companies, an Atlanta-based investment management firm, defaulted on its loan for Piedmont Center, a 14-building office campus near the intersection of Piedmont and Lenox roads, according to an Atlanta Business Chronicle article. Morgan Stanley expected to foreclose in January …
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2.2 million square-foot Buckhead office development facing foreclosure; auction delayed as lenders pursues short sale

A 46-acre office park in Buckhead is facing foreclosure after its owner defaulted on a $330 million loan from Morgan Stanley, but the proceeding have been delayed. Ardent Companies, an Atlanta-based investment management firm, defaulted on its loan for Piedmont Center, a 14-building office campus near the intersection of Piedmont and Lenox roads, according to an Atlanta Business Chronicle article. Morgan Stanley expected to foreclose in January …

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buckhead.com broke the news in on Thursday, February 6, 2025.
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