EQUITABLE BUILDING SOLD AT AUCTION FOR $29.5 MILLION

ATLANTA — 100 Peachtree Street Atlanta LLC, an affiliate of Horsham, Pa.-based Capmark Bank, has purchased the 615,122-square-foot building at 100 Peachtree St. in Atlanta at auction for $29.5 million. Capmark Bank had foreclosed on the property, known as the Equitable Building, in early April. The owner, Equa-stone 100 Peachtree, had failed to pay back a loan of up to $52 million. The loan’s outstanding balance was $42 million, according to William Rothschild, an attorney with Sutherland who represented Capmark in the proceedings.

100 Peachtree Street Atlanta LLC was the sole bidder at the auction.