South's tallest skyscraper to be sold at auction

South's tallest skyscraper to be sold at auction

February 7th, 2012 by Associated Press in Local - Breaking News

The 1,023-foot Bank of America Plaza skyscraper in Atlanta, Georgia

Photo by WRCB-TV Channel 3 /Times Free Press.

Atlanta's tallest skyscraper is expected to be sold at auction.

The 1,023-foot Bank of America Plaza is scheduled to be auctioned Tuesday on the steps of the Fulton County Courthouse.

The Atlanta Journal-Constitution reports the auction is taking place after the building's landlord, Los Angeles-based BentleyForbes, missed mortgage payments.

The commercial real estate investment firm bought the high-rise at the height of the real estate boom for an Atlanta-record $436 million.

Emporis, a German company that maintains an extensive database of buildings around the world, says the 55-story skyscraper is the tallest building in the South, and the tallest building in any state capital in the U.S.